May 3, 2011
Say-on-Pay: 11th & 12th Failed Votes
– Broc Romanek, CompensationStandards.com
Last week, MDC Holdings filed this Form 8-K to report that it became the 11th company to fail to gain majority support for its say-on-pay, with only 34% voting in favor. In addition, Janus Capital Group filed this Form 8-K – with only 41% voting in favor – to become the 12th company with a failed say-on-pay. We continue to maintain our list of links to Form 8-Ks filed by companies with a failed SOP in our “Say-on-Pay” Practice Area.
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