All proxies have been filed and we are well into the annual meeting stage of the first year of shareholder say on pay (SSOP). As you might expect, I have attended the annual meeting of several clients this month. Those of you who attend many of these meeting know that, despite the similarities (mostly legal requirements), each company's approach is slightly different. So far all of ours have received a majority vote in favor of their SSOP resolutions, and all but one has received a majority vote in favor of its frequency recommendation.
As of Friday, 26 companies had failed to receive a majority vote in favor of their SSOP resolutions. The 26 (and a few others) are listed on our CompensationStandards.com site, along with a link to the 8-K filing on the vote for each. Another interesting and useful report, including information on companies where ISS has recommended a vote "Against" – and companies that have pushed back on the ISS recommendation (including links to DEF 14A and 8-K filings), appears on the Semler Brossy Consulting Group website.
On May 23, 1900, Sergeant William Harvey Carney became the first African American to be awarded the Medal of Honor,* for his heroism in the Assault on the Battery Wagner on July 18, 1863, as part of the 54th Massachusetts, an infantry regiment composed of African-American soldiers led by Colonel Robert Gould Shaw (February 29, 1840 – December 8, 1908). The citation reads: When the color sergeant was shot down, this soldier grasped the flag, led the way to the parapet, and planted the colors thereon. When the troops fell back he brought off the flag, under a fierce fire in which he was twice severely wounded. The attack on Fort Wagner is depicted in the 1989 film Glory, which probably takes liberties with the facts, but is still an excellent movie. Carney's face is shown on the monument to Robert Gould Shaw and the 54th on the Boston Common.
*Sergeant Carney's actions at Fort Wagner preceded those of any other black recipient but he was not presented with the honor until nearly 37 years later, at which time he was the 21st African-American to be awarded the Medal, the first recipient having been Robert Blake, in 1864.