Sector: Industrials
EMCOR GROUP INC · Meeting: June 4, 2026
Directors FOR
9
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Directors
No overboarding, attendance, independence, or TSR concerns — EMCOR's 3-year return of +435% outperforms the peer group median by +319 percentage points, far exceeding the 65-point threshold required to trigger any negative vote.
No overboarding, attendance, independence, or TSR concerns — EMCOR's outstanding stock performance relative to peers clears all policy thresholds with wide margin.
As an executive director, Guzzi is subject to the same TSR trigger as all other directors; EMCOR's 3-year outperformance of +319 percentage points versus the peer median far exceeds the 65-point threshold, so no TSR-based concern arises, and no other policy flags apply.
No overboarding, attendance, independence, or TSR concerns — strong relative stock performance clears all policy thresholds.
No overboarding, attendance, independence, or TSR concerns; serves as Audit Committee Chairperson with disclosed financial expertise, and EMCOR's peer-relative TSR is strongly positive.
No overboarding, attendance, independence, or TSR concerns; serves as independent Lead Director with broad audit, compensation, and governance committee roles, and EMCOR's TSR performance is well above peers.
No overboarding, attendance, independence, or TSR concerns — EMCOR's outstanding 3-year stock performance relative to the disclosed peer group eliminates any TSR-based trigger.
No overboarding, attendance, independence, or TSR concerns — peer-relative TSR outperformance of +319 percentage points over three years clears all policy thresholds.
No overboarding, attendance, independence, or TSR concerns; serves as Corporate Governance Committee Chairperson with no policy flags identified.
All nine director nominees pass every policy screen. EMCOR's 3-year stock return of +435% outperforms the company-disclosed peer group median by approximately +319 percentage points — far above the 65-point threshold needed to trigger any TSR-based concern. All directors attended at least 75% of meetings, the board is predominantly independent (8 of 9 nominees), audit committee members have disclosed financial expertise, no overboarding issues were identified, and no familial relationships with senior management are disclosed.
CEO
Anthony J. Guzzi
Total Comp
$14,380,630
Prior Support
90%+%
CEO total compensation of approximately $14.4 million is broadly in line with expectations for a large-cap industrial services company of EMCOR's size and complexity, and the pay structure is heavily performance-weighted — base salary represents only about 9% of the CEO's total reported pay, well below the 40% fixed-pay threshold that would trigger concern. The annual incentive plan uses pre-established financial targets (earnings per share and operating cash flow ratio) with a clear matrix and maximum caps, and the long-term plan ties cash awards to three-year earnings-per-share results, both of which meet the policy's standard for meaningful performance conditions. Shareholders gave over 90% support at the 2025 annual meeting, EMCOR's stock has delivered exceptional returns for shareholders over one, three, and five years, and the company has a meaningful clawback policy in place — all factors that support a FOR vote.
Auditor
Ernst & Young LLP
Tenure
N/A
Audit Fees
N/A
Non-Audit Fees
N/A
Ernst & Young LLP is a Big 4 firm appropriate for EMCOR's $37 billion market cap. The proxy references a fee table on page 54 but the actual fee figures were not included in the provided filing text, so the non-audit fee ratio cannot be computed; absent confirmed data triggering the >50% non-audit ratio rule, the default vote is FOR. Auditor tenure is not disclosed in the provided text, so the tenure trigger cannot fire per policy. No material financial restatements are noted.
EMCOR's 2026 annual meeting presents a straightforward ballot with no contested issues: the company's extraordinary stock performance (+435% over three years, outpacing its disclosed peer group by roughly 319 percentage points) eliminates any TSR-based director concerns, and the executive compensation program is heavily performance-tied with strong prior shareholder support. All three standard proposals — director elections, say-on-pay, and auditor ratification — receive FOR votes under the applicable policy screens.
16 companies disclosed in 2026 proxy filing
