Evercore Inc. · NYSE:EVR
Evercore — Evercore Partners — Proxy Contest (May 2017)
11 slides from Evercore's proxy contest presentation, May 23, 2017
Slide 1: Performance, Compensation and Corporate Governance Review May 2017
Performance, Compensation and Corporate Governance Review May 2017
Slide 2: 2016 Was A Milestone Year in Evercore's History
2016 Was A Milestone Year in Evercore’s History 2. Total shareholder return for FY 2016 assumes dividends reinvested In connection with seeking your support for our stockholder proposals included in this year’s proxy statement, we wanted to review Evercore’s outstanding performance, incentive aligni
Slide 3: Financial Performance – Strong Growth
Financial Performance – Strong Growth Sustained annual growth with a CAGR of 25% or greater in net revenues, net income and earnings per share Investment banking business drives financial performance delivering 90% of revenues and a higher percentage of profits Adjusted Net Revenues ($ in millions)
Slide 4: Total Return to Shareholders
TSR Total Return to Shareholders1 Our total shareholder returns over the last five years has outperformed key indices and our most direct competitors The Stock Performance graph and related table demonstrates the performance of an investment in our Class A common stock from March 30, 2012 onwards in
Slide 5: Executive Compensation and Performance
Executive Compensation and Performance Y-o-Y growth in Total Shareholder Return (TSR) is based on TSR of 30% and 6% for the 2016 and 2015 calendar years, respectively. Pay and performance are aligned in a way that is favorable to stockholders For our executives who were NEOs in both 2015 and 2016, a
Slide 6: Evercore Compensation Policies: What We Do
Evercore Compensation Policies What We Do Pay for Performance. We tie pay to performance for our revenue generating and client-facing executives. By doing this, we are linking such executives’ compensation to the performance of Evercore and their individual performance, and our executives are theref
Slide 7: Evercore Compensation Policies: New Policies
Evercore Compensation Policies New Policies Claw-back Policy. We adopted a claw-back policy to recapture incentive compensation awarded to SMDs in the event of misconduct by that SMD or a restatement of the financial results of the Company due to material noncompliance with financial reporting requi
Slide 8: Corporate Governance: Board and Tenure
Corporate Governance Board and Tenure Our Chairman & CEO positions are split, and we have a lead independent director who presides over meetings of non-management directors 67% of our nominees for director have been determined to be independent under the applicable NYSE rules and company guidelines
Slide 9: Appendix
Appendix EVERCORE
Slide 10: Overview of Mr. Schlosstein's Compensation and Evercore's TSR
Overview of Mr. Schlosstein’s Compensation and Evercore’s TSR Shareholder friendly capital deployment. Consistently returning more than 100% of earnings to shareholders Dividend has grown 165% since 2008 Repurchased more than enough shares to offset the dilutive effect of bonus equity in each of the
Slide 11: Evercore's New Executive Chairman: Sign-On and Replacement Awards
The Initial Equity, Cash and Performance Awards are intended to provide a long term performance incentive at inception and, in part, replace forfeited deferred compensation: 100% of the sign-on awards are subject to delayed vesting (with 44% scheduled to vest in 2022 or later), 70% of the value of t