June 25, 2013
Now 51 Say-on-Pay Failures This Year
– Broc Romanek, CompensationStandards.com
There have been several more failures during the past week, including:
– Abercrombie & Fitch – Form 8-K (19% – also failed 2012 with 25%)
– Discovery Laboratories – Form 8-K (42%)
– Morgans Hotel Group – Form 8-K (25%)
It is noteworthy that at this time last year, there were 54 failed say-on-pay votes…