February 14, 2011
Corp Fin Issues 7 New Say-on-Pay and Golden Parachute CDIs
– Broc Romanek, CompensationStandards.com
On Friday, Corp Fin posted 7 new Compliance and Disclosure Interpretations – six related to say-on-pay and one related to golden parachutes:
1. Section 169 – Rule 14a-21:
– Question 169.01
– Question 169.02
– Question 169.03
– Question 169.04
– Question 169.05
– Question 169.06
2. Section 128B – Item 402(t) Golden Parachute Compensation:
– Question 128B.01
In his “Proxy Disclosure Blog,” Mark Borges gives us the latest say-when-on-pay stats: with 231 companies filing their proxies, 58% triennial; 6% biennial; 31% annual; and 5% no recommendation. And in the “Dodd-Frank Blog,” Steve Quinlivan discusses the reasons for the “against” vote at Beazer Homes as well as the results reported in the 54 Item 5.07 Form 8-Ks filed so far this proxy season.