Meridian Compensation Partners, LLC is pleased to provide this periodic report on the 2020 proxy season1.

This report covers the following areas:

■ Say on Pay Vote Results (through October 12, 2020)
― Contributing Reasons for Failed SOP Outcomes (Based on ISS Commentary)

― Impact of ISS Quantitative Pay-for-Performance Test Results on ISS’s 2020 SOP Vote Recommendations

― New Area of Focus in ISS’s Executive Compensation Analysis – Post-Termination Severance Benefits

■ Vote Results on Pay-Related Shareholder Proposals and Activist Campaigns

― Prevalence and Status of Pay-Related Shareholder Proposals (through October 12, 2020)

― Details on Shareholder Approved Pay-Related Shareholder Proposals

― Overview of Selected Activist Shareholder Campaigns

The full report can be downloaded here.

1 Aggregate proxy voting and ISS vote recommendation information presented in this report is derived from data obtained from ISS Corporate Solutions Voting Analytics.