Failed Say-on-Pay Votes 2022

by | Dec 6, 2022

The annual (sometimes) Say-on-Pay votes in 2022 highlighted discontent across a range of poor performing companies.

As 2022 draws to a close, we took a look at the year’s failed (ie less than 50% for votes) say-on-pay votes. Read our Say-on-Pay Explainer for more on what say-on-pay votes are, why they matter, and all the other important details.

CompanyTickerVotes ForVotes Against% For
SWK HOLDINGS CORPSWKH1.2 Mil9.9 Mil10.8
WESTERN DIGITAL CORPWDC27.3 Mil194.0 Mil12.3
QUOTIENT LTDQTNT8.9 Mil55.0 Mil13.9
ENDO INTERNATIONAL PLCENDPQ24.4 Mil134.7 Mil15.3
NORWEGIAN CRUISE LINE HOLDINGS LTDNCLH22.8 Mil125.4 Mil15.4
AIM IMMUNOTECH INCAIM2.0 Mil10.2 Mil16.6
UPLAND SOFTWARE INCUPLD3.3 Mil15.5 Mil17.6
REDWOOD TRUST INCRWT15.4 Mil65.8 Mil19.0
MERCURY SYSTEMS INCMRCY9.7 Mil39.4 Mil19.8
PEBBLEBROOK HOTEL TRUSTPEB24.0 Mil96.0 Mil20.0
PACWEST BANCORPPACW20.0 Mil78.2 Mil20.4
ARROWHEAD PHARMACEUTICALS INCARWR14.2 Mil54.8 Mil20.6
GOODYEAR TIRE & RUBBER COGT45.1 Mil168.1 Mil21.2
PALOMAR HOLDINGS INCPLMR4.5 Mil16.3 Mil21.8
CENTERPOINT ENERGY INCCNP114.9 Mil403.0 Mil22.2
G III APPAREL GROUP LTDGIII9.5 Mil32.5 Mil22.5
FLOWSERVE CORPFLS26.4 Mil88.6 Mil23.0
CME GROUP INCCME64.2 Mil211.5 Mil23.3
NATUS MEDICAL INCNTUS7.4 Mil22.4 Mil24.8
TABULA RASA HEALTHCARE INCTRHC3.8 Mil11.5 Mil24.8
MONTROSE ENVIRONMENTAL GROUP INCMEG6.3 Mil18.9 Mil25.1
MESA LABORATORIES INCMLAB1.0 Mil3.0 Mil25.4
NETFLIX INCNFLX89.3 Mil241.8 Mil27.0
HORTON D R INCDHI81.4 Mil215.6 Mil27.4
TG THERAPEUTICS INCTGTX25.8 Mil61.2 Mil29.7
NEOGENOMICS INCNEO29.7 Mil66.8 Mil30.7
JPMORGAN CHASE & COJPM652.2 Mil1.4 Bil31.2
TUTOR PERINI CORPTPC12.7 Mil27.5 Mil31.6
BOOKING HOLDINGS INCBKNG10.7 Mil23.1 Mil31.7
RBC BEARINGS INCRBC8.8 Mil18.4 Mil32.4
NABRIVA THERAPEUTICS PLCNBRV4.1 Mil8.5 Mil32.6
2U INCTWOU19.8 Mil39.4 Mil33.4
CENTENE CORPCNC174.8 Mil344.8 Mil33.6
GRIFFON CORPGFF17.4 Mil34.0 Mil33.8
INTEL CORPINTC921.2 Mil1.8 Bil34.1
NABORS INDUSTRIES LTDNBR2.5 Mil4.7 Mil34.4
NLIGHT INCLASR12.8 Mil24.3 Mil34.5
SERVICENOW INCNOW57.3 Mil105.2 Mil35.3
FLEETCOR TECHNOLOGIES INCFLT23.7 Mil42.8 Mil35.6
CONSOL ENERGY INCCEIX8.9 Mil15.9 Mil35.7
ABIOMED INCABMD14.3 Mil25.3 Mil36.1
QUIDEL CORPQDEL12.5 Mil21.9 Mil36.3
AMC ENTERTAINMENT HOLDINGS INCAMC52.1 Mil86.9 Mil37.5
WAITR HOLDINGS INCASAP22.5 Mil37.4 Mil37.5
BARNES GROUP INCB16.6 Mil27.5 Mil37.7
NIGHTHAWK BIOSCIENCES INCNHWK2.2 Mil3.5 Mil38.7
AXOS FINANCIAL INCAX18.2 Mil28.2 Mil39.2
RING ENERGY INCREI13.3 Mil20.6 Mil39.3
WELBILT INCWBT35.6 Mil54.7 Mil39.4
HESKA CORPHSKA3.8 Mil5.9 Mil39.5
AAR CORPAIR12.5 Mil19.0 Mil39.7
HARLEY-DAVIDSON INCHOG48.1 Mil70.5 Mil40.5
ALLEGHANY CORPY4.6 Mil6.6 Mil40.9
CASTLE BIOSCIENCES INCCSTL8.3 Mil12.0 Mil41.0
GLOBAL PAYMENTS INCGPN92.5 Mil132.3 Mil41.2
CSW INDUSTRIALS INCCSWI5.2 Mil7.5 Mil41.2
HEXCEL CORPHXL30.5 Mil43.4 Mil41.3
PENN ENTERTAINMENT INCPENN45.9 Mil63.7 Mil41.9
TRANSMEDICS GROUP INCTMDX7.5 Mil10.4 Mil42.0
TAKE TWO INTERACTIVE SOFTWARE INCTTWO50.3 Mil69.3 Mil42.1
UROGEN PHARMA LTDURGN4.2 Mil5.7 Mil42.2
SMARTSHEET INCSMAR46.4 Mil62.0 Mil42.8
PEDIATRIX MEDICAL GROUP INCMD34.6 Mil45.2 Mil43.4
SAGE THERAPEUTICS INCSAGE21.5 Mil27.9 Mil43.5
RIOT BLOCKCHAIN INCRIOT13.4 Mil17.2 Mil43.7
VECTOR GROUP LTDVGR52.2 Mil66.0 Mil44.1
BLACKBERRY LTDBB101.2 Mil127.9 Mil44.2
MERSANA THERAPEUTICS INCMRSN32.6 Mil40.8 Mil44.4
YELLOW CORPYELL17.1 Mil21.2 Mil44.6
HALLIBURTON COHAL312.1 Mil362.1 Mil46.3
ADVAXIS INCADXS9.0 Mil10.4 Mil46.4
HEALTH CATALYST INCHCAT20.0 Mil23.1 Mil46.4
DIME COMMUNITY BANCSHARES INCDCOM13.4 Mil15.4 Mil46.6
ACCOLADE INCACCD18.7 Mil21.2 Mil46.9
LADRX CORPLADX8.1 Mil9.0 Mil47.4
MASIMO CORPMASI18.2 Mil20.2 Mil47.4
ENPHASE ENERGY INCENPH46.8 Mil51.7 Mil47.5
XWELL INCXWEL15.7 Mil17.1 Mil47.9
TALOS ENERGY INCTALO28.8 Mil31.3 Mil47.9
SS&C TECHNOLOGIES HOLDINGS INCSSNC111.7 Mil120.6 Mil48.1
THEREALREAL INCREAL27.6 Mil29.7 Mil48.1
NATURAL GAS SERVICES GROUP INCNGS4.4 Mil4.7 Mil48.2
HERITAGE-CRYSTAL CLEAN INCHCCI10.2 Mil10.8 Mil48.5
QUOTIENT TECHNOLOGY INCQUOT36.1 Mil38.2 Mil48.6
IMAX CORPIMAX21.4 Mil22.5 Mil48.7
WYNN RESORTS LTDWYNN35.3 Mil37.0 Mil48.8
ZURN ELKAY WATER SOLUTIONS CORPZWS55.1 Mil57.0 Mil49.1
PAYCOM SOFTWARE INCPAYC24.3 Mil25.0 Mil49.3
TJX COMPANIES INCTJX475.9 Mil481.7 Mil49.7
Failed Say-On-Pay votes where less than 50% of shareholders approve executive compensation. Data as of December 5, 2022.
<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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