Vote of the Week: FirstMerit

Vote of the Week: FirstMeritDownload PDF

Our “Vote of the Week” features FirstMerit. FirstMerit received 41% vote support in 2014 after receiving 68% in 2013. The year-over-year decreased support is likely due to CEO pay above median of peers, CEO’s frozen supplemental pension (SERP) value of $20.5MM, including a change in value during 2013 of $10.9MM, and discretionary cash bonuses to NEOs.