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The 2007 study examines the potential equity dilution from stock incentive plans at a total of 1,438 companies in the Standard & Poor’s 500, MidCap, and SmallCap indices. Companies included in the study had fiscal year-ends between April 1, 2005, and March 31, 2006, and filed their proxy statements with the SEC on or before July 31, 2006. The study focuses on average total dilution, or "overhang," as well as extraordinary dilution levels, shareholder voting opposition to recently proposed plans, and regulatory and other developments affecting stock-based incentive plans. (147 PP.)
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