Four Additional Companies Fail Say on Pay

Four Additional Companies Fail Say on PayZoom inDownload PDF

1,971 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 72:1, and the median of median employee compensation is $63,130. To date, 2,028 Russell 3000 companies have held Say on Pay votes and four additional companies have failed since our last report – Black Box Corporation, Envision Healthcare Corporation, RAIT Financial Trust, and Vista Outdoor.

The current failure rate (2.7%) is 118 basis points higher than last year’s failure rate. Four environmental (9.8%) and five social (4.9%) proposals have received greater than 50% support in 2018. 513 equity proposals have been submitted thus far in 2018. By comparison, 797 equity proposals had been submitted at the same time last year.