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Vote of the Week: Hercules Offshore, first company to fail in 2011 and 2012

Hercules Offshore is the first company to fail Say on Pay in both 2011 and 2012, with 41% approval last year and 48% this year. We looked into the circumstances at Hercules Offshore and suspect that the failed 2012 Say on Pay vote was likely the result of increased pay year over year due to special retention awards coupled with proxy advisor concerns with several aspects of the program. Pay and Performance Background

Pay Program

Compensation Arrangements and Practices

Other Meaningful Factors

Investor Outreach