Nine Additional Companies Fail Say on Pay

Nine Additional Companies Fail Say on PayZoom inDownload PDF

1,804 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 $63,898. To date, 1,498 Russell 3000 companies have held Say on Pay votes and nine additional companies have failed since our last report – Fluidigm, GenMark Diagnostics, Gentherm, Mattel, Nevro, Ophthotech, Tutor Perini, Whitestone REIT, and Wynn Resorts. The current failure rate (2.1%) is 60 basis points higher than last year’s failure rate. Four environmental (12.1%) and four social (5.0%) proposals have received greater than 50% support in 2018. By comparison, only seven environmental (2.0%) and nine social (1.0%) proposals passed over the previous seven years combined.