other material
confidence high
sentiment neutral
materiality 0.40
Martin Marietta modifies executive bonus program after lower say-on-pay support (74%)
MARTIN MARIETTA MATERIALS INC
- Say-on-pay proposal received 74% support at May 2023 annual meeting, lower than prior years.
- Compensation Committee modified annual bonus: 80% based on financial metrics, 20% on ESG and safety metrics.
- Individual performance modifier of up to 20% retained; metrics to be disclosed in 2024 proxy.