This first edition of ProxyPulse for 2014 looks back at key trends from the 2013 fall “mini-season” covering 1,0661 shareholder meetings held between July 1 and December 31, 2013. We also include comparative shareholder voting behavior data from the 2012 fall mini-season2.
This edition looks at several areas including public company ownership composition, director elections, say-on-pay, proxy material distribution, and the mechanics of shareholder voting. In addition, we examine how historical shareholder voting behavior and the current corporate governance environment are likely impacting the early 2014 spring proxy season.
1 For purposes of data comparability, we excluded from our analysis the voting results of four micro-cap companies with significantly atypical shareholder profiles in which retail ownership exceeded 90%.
2 A season over season comparison provides a consistent view of all companies with proxy activity during that part of the calendar year.