Shareholders at HCI Group Inc. were asked for their say on pay for executive officers. Their answer was a resounding no.
An advisory vote on compensation at the company’s annual meeting on May 19 failed to win approval of the majority of shareholders, according to a report HCI (NYSE: HCI) filed with the U.S. Securities and Exchange Commission late Tuesday.
There were 3.6 million votes cast in favor of a motion approving executive pay, and nearly 4.4 million votes cast against the motion.
