URBAN EDGE PROPERTIES (NYSE:UE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On May 9, 2018, Urban Edge Properties, a Maryland real estate investment trust (the "Company"), held its 2018 Annual Meeting of Shareholders (the "Meeting"). As of March 12, 2018, the record date for shareholders entitled to vote at the Meeting, there were 113,920,633 common shares of beneficial interest, par value $0.01 per share (the “Shares”), outstanding and entitled to vote. Of the Shares entitled to vote at the Meeting, 107,932,184, or approximately 94.74%, of the Shares were present or represented by proxy. There were three matters presented and voted on. Set forth below is a brief description of each matter voted on and the voting results with respect to each such matter.
Proposal 1. Election of seven nominees to serve on the Board of Trustees until the Company's annual meeting of shareholders in 2019 and until their successors are duly elected and qualified. In accordance with the voting results listed below, each of the nominees were elected to serve until the 2019 annual meeting or until their successors are duly elected and qualified.
Nominee |
For |
Withheld |
Abstain |
Broker Non-Votes |
Jeffrey S. Olson |
102,263,320 |
2,076,521 |
15,776 |
3,576,567 |
Michael A. Gould |
82,783,853 |
21,554,413 |
17,351 |
3,576,567 |
Steven H. Grapstein |
81,958,573 |
22,381,196 |
15,848 |
3,576,567 |
Steven J. Guttman |
103,973,420 |
365,928 |
15,269 |
3,576,567 |
Amy B. Lane |
103,827,775 |
513,121 |
14,721 |
3,576,567 |
Kevin P. O'Shea |
82,787,357 |
21,552,236 |
16,024 |
3,576,567 |
Steven Roth |
77,088,028 |
27,254,578 |
13,011 |
3,576,567 |
Proposal 2. Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year 2018. In accordance with the voting results listed below, the shareholders ratified the appointment of Deloitte & Touche LLP as the Company's independent public accountants for the fiscal year 2018.
For |
Against |
Abstain |
|
Votes Cast |
107,787,251 |
101,894 |
43,039 |
Proposal 3. Non-binding advisory resolution to approve the compensation of the Company's named executive officers as disclosed in the Company's proxy statement. In accordance with the voting results listed below, the shareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's proxy statement.
For |
Against |
Abstain |
Broker Non-Votes |
|
Votes Cast |
103,398,570 |
790,572 |
166,475 |
3,576,567 |
About URBAN EDGE PROPERTIES (NYSE:UE)
Urban Edge Properties is a real estate investment trust focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. The Company owns approximately 80 shopping centers, over three malls and a warehouse park adjacent to one of its centers. The Company’s portfolio totals approximately 14.8 million square feet. It has approximately 1,100 leases. It leases approximately 20 properties under ground and/or building leases. The Company’s shopping centers and malls include Signal Hill, Vallejo, Walnut Creek, Newington, Waterbury, Baltimore, Glen Burnie, Rockville, Wheaton, Cambridge, Chicopee, Milford, Springfield, Salem, Bergen Town Center, Carlstadt, Cherry Hill, Dover, East Brunswick, Eatontown, Englewood, Hackensack, Hazlet, Lawnside, Montclair, Totowa, Watchung, Bronx, Buffalo, Huntington, Rochester, Allentown, Broomall, Springfield, Charleston, Norfolk, Las Catalinas and Montehiedra.