Say-On-Pay Voting Results through February 28, 2011

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Our latest update on Say-on-Pay and frequency voting results, which includes summary results and detailed company-by-company results, can be found here (see full alert below for link). The results are sorted by the company's SEC filer status and by the date on which the annual shareholder meeting was held.

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 Commission announced its adoption by a 3-2 vote of final regulations for Say-on-Pay (SEC Release No. 33-9178).

Please see full alert below for more information and links.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Sheppard Mullin Richter & Hampton LLP | Attorney Advertising

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