As mentioned earlier Dixons Carphone issued a quarterly trading update today. That was ahead of its annual general meeting of shareholders where there has been protest vote against pay.
Almost a quarter of investors - 23.4% - voted against the remuneration report.
The company said it "acknowledges that a significant minority of shareholders did not support" the resolution on pay at the AGM.
It said its remuneration committee would "seek to consult further with shareholders to understand and discuss the specific rationale for any votes against our report."
"The remuneration committee recognises that the appropriate incentivisation of a new management team embarking on a major transformation of the business is a difficult judgement."
Chief executive Alex Baldock and new finance director Jonny Mason had their cash bonuses deferred into shares which will not vest for two years, the company said.
"The executives volunteered to do this as they were mindful that the performance of the business and the progress that is being made with the transformation is not reflected in the current share price and this was done in order to align themselves with shareholders."