Please read our latest update on Say-on-Pay and frequency voting results, which includes summary results and detailed company-by-company results. The results are sorted by the company’s SEC filer status and by the date on which the annual shareholder meeting was held. We will be regularly updating this information as well as periodically posting new blogs in this section so please check back to obtain the latest results and commentary.Say-on-Pay essentially provides public company shareholders with the ability to render an advisory vote on the compensation arrangements for their company’s named executive officers. In addition, shareholders also can provide an advisory vote on the frequency that their company will conduct a Say-on-Pay vote. The blogs in this section provide further information on this new and important topic.If you have any questions regarding Say-on-Pay, please contact Greg Schick at (415) 774-2988 or gschick@sheppardmullin.com.
Say-on-Pay essentially provides public company shareholders with the ability to render an advisory vote on the compensation arrangements for their company’s named executive officers. In addition, shareholders also can provide an advisory vote on the frequency that their company will conduct a Say-on-Pay vote. In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted into law and required Say-on-Pay to be implemented for annual shareholder meetings occurring on or after January 21, 2011. In January 2011, the Securities and Exchange Commissionannounced its adoption by a 3-2 vote of final regulations for Say-on-Pay (SEC Release No. 33-9178).
If you have any questions regarding Say-on-Pay, please contact Greg Schick at (415) 774-2988 orgschick@sheppardmullin.com.
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