60 Companies have Failed Say On Pay as of November 12

60 Companies have Failed Say On Pay as of November 12

November 12 2012

So far 2,503 companies have held Say on Pay votes in 2012.  60 companies have failed with an average 62% ‘Against’ vote.

  • 13 companies that received a 90%+ ‘For’ vote last year failed this year
    • 23 companies that received a 80%+ ‘For’ vote last year failed this year
  • 4 companies have failed both this year’s and last year’s votes
    • Hercules Offshore, Inc.
    • Kilroy Realty Corp.
    • Nabors Industries Ltd.
    • Tutor Perini Corp.
  • One company, Insite Vision, Inc., received more ‘For’ than ‘Against’ votes, but the company did not approve the proposal (less than 49% ‘For’ votes)