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Nexstar shareholders reject advisory pay proposal

Published 06/11/2018, 12:30 PM
© Reuters.  Nexstar shareholders reject advisory pay proposal
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  • Nexstar Media Group (NXST +4.5%) shareholders have rejected their say-on-pay proposal at the company's annual meeting.
  • The company's SEC filing shows that Perry Sook, Geoff Armstrong and Jay Grossman were elected as Class III directors by heavy margins, and shareholders ratified the company's auditor.
  • But a nonbinding vote on executive compensation failed with 22.49M votes against, vs. a total of 15.23M for.
  • Now read: Two REITS upgraded, four cut at Evercore ISI, after REITWeek conference


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