Self-Selected Peer Group Changes: Window to Submit Updates

Self-Selected Peer Group Changes: Window to Submit Updates Begins July 6, 2020

Fulcrum Partners. Fulcrum Partners News

Corporations wishing to submit changes to their self-selected peer group for proxy disclosure have a short window that commences next Monday, July 6, 2020 at 9:00 AM EST. Institutional Shareholders Services (ISS) published the announcement last week.

Given that the start date follows what for many will be a long holiday window, and covers only 2 workweeks, we’re sharing the announcement as a reminder to organizations that need to make changes to their self-selected peers

ISS - Institutional Shareholder Services Inc. logo

ISS Announces Peer Group Submission Window to Open July 6

Companies Can Note Changes Through July 17

ROCKVILLE, Md. (June 26, 2020) – Institutional Shareholder Services Inc. (“ISS”), the leading provider of end-to-end corporate governance and responsible investment solutions to the global financial community, today announced the scheduled July 6 opening of its peer group submission window for impacted corporations in the U.S. and Canada.

As part of ISS’ peer group construction process, on a semi-annual basis, corporations are requested to submit changes they have made to their self-selected peer groups for their next proxy disclosure. ISS considers companies’ self-selected peer groups as an important input as part of its own peer group construction methodology.

The pending ISS peer submission window will be available for U.S. and Canadian companies with annual meetings slated to be held between September 16, 2020, and January 31, 2021. Submissions should reflect peer companies used (or to be used) by the submitting company for pay-setting for the fiscal year ending prior to the company’s next upcoming annual meeting.

The window for submissions will open at 9:00 AM EDT on Monday, July 6, 2020, and will close at 8:00 PM EDT on Friday, July 17, 2020.

Companies that have made no changes to their previous proxy-disclosed executive compensation benchmarking peers, or companies that do not wish to provide this information in advance, do not need to participate. For companies that do not submit changes, the proxy-disclosed peers from the company’s last proxy filing will automatically be factored into ISS’ peer group construction process.

Additional information on the ISS peer submission process, including links to ISS’ current recent peer selection methodology for the U.S. and Canada is available on the ISS website here.

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This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein.

Securities offered through Lion Street Financial, LLC (LSF) and Valmark Securities, Inc. (VSI), each a member of FINRA and SIPC. Investment advisory services offered through CapAcuity, LLC; Lion Street Advisors, LLC (LSF) and Valmark Advisers, Inc. (VAI), each an SEC registered investment advisor. Please refer to your investment advisory agreement and the Form ADV disclosures provided to you for more information. VAI/VSI, LSF and BDO Alliance USA are non-affiliated entities and separate entities from Fulcrum Partners and CapAcuity, LLC. Unless otherwise noted, VAI/VSI, LSF and BDO Alliance USA are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any other company, agency or government agency identified or referenced in this document.

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