Heads-Up for the 2021 Proxy Season: Insights & Warnings for Compensation Committees are Revealed in the Say-on-Pay Vote Results of Midyear Proxy Filers
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Many Compensation Committees at calendar year-end companies are gearing up now for year-end meetings to consider whether executive compensation program adjustments in response to the COVID-19 pandemic are warranted, and wondering how shareholders may react to those decisions. This alert provides a preview and early warning by examining the actions taken by quarter and midyear fiscal year-end companies to adjust their executive compensation programs, and how those adjustments affected their say-on-pay votes at shareholder meetings held during the height of the pandemic.
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