Oracle Corp. shareholders rejected the software maker'sexecutive compensation plan for a sixth straight year after itawarded the top three bosses pay packages worth more than $100million each in fiscal 2018.

A majority of shares voted opposed the program, according topreliminary results announced Wednesday at Oracle's annual meetingin Redwood City, Calif. It's the only S&P 500 company thathasn't secured majority approval in a say-on-pay vote since 2011,even though founder and chief technology officer Larry Ellison ownsabout 28% of the stock.

In September, Oracle presented a revamped compensation program,including long-term awards of stock options for Ellison, 73, andco-CEOs Mark Hurd, 60, and Safra Catz, 55. The grants, each valuedat $103.7 million, vest if the company meets share price, marketcapitalization and operational goals. The board doesn't expect togrant them additional equity until 2022.