trending Market Intelligence /marketintelligence/en/news-insights/trending/c6dc8ztamskg_2cjfksuyg2 content esgSubNav
In This List

Tanger Factory Outlet shareholders reject executive compensation proposal

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Tanger Factory Outlet shareholders reject executive compensation proposal

Tanger Factory Outlet Centers Inc.'s common shareholders rejected the company's named executive officer compensation proposal.

At the outlet center real estate investment trust's annual shareholder meeting held May 18, 29,588,133 shares were voted to approve the proposal on a nonbinding basis, while 40,949,995 were voted against it.

Tanger had said in its proxy filing that its compensation committee believes that the company's executive compensation program strongly ties both the REIT's short-term and long-term performance to executive compensation levels, and that it will be a key driver of its financial success over the long term.

Although the vote is advisory and nonbinding, Tanger had said in the proxy filing that its board and compensation committee will evaluate the voting results.