April 8, 2013
6th Say-on-Pay Failure of the Year & SOP Results So Far
– Broc Romanek, CompensationStandards.com
As noted in its Form 8-K, Biglari Holdings is the 6th company holding an annual meeting in 2013 to fail to gain majority support for its say-on-pay (33% support since abstentions count as “against”). Hat tip to Karla Bos of ING Funds for pointing this out!
And here’s a teaser for Towers Watson’s upcoming webcast. Based on the disclosures so far, Towers Watson found that more companies than ever included a pay-for-performance summary: 26% in their 2013 proxies, compared to 17% for 2012 and 9% for 2011. Tune in for more…
Here’s a chart from Steven Hall & Partners of the say-on-pay stats so far this proxy season – and here’s a press release from them showing CEO pay levels are up 7% so far this season…