November 21, 2011
Failed Say-on-Pay #45: A Tiny Company
– Broc Romanek, CompensationStandards.com
Illustrating how no company is immune from shareholders voting down a say-on-pay (regardless of its size), Tuesday Morning Corporation – as Mark Borges blogged yesterday – became the latest to fail when its SOP received only 36.4% support for its say-on-pay at its annual meeting. I will be adding Tuesday Morning’s Form 8-K to our list of failed say-on-pays in our “Say-on-Pay” Practice Area.