Ares Commercial Real Estate Corporation (NYSE:ACRE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
Company) held its Annual Meeting of Stockholders (the Annual
Meeting). A quorum was present at the Annual Meeting and the
Companys stockholders: (i) elected the two Class II directors
named below and (ii) ratified the appointment of Ernst Young LLP
as the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017. The final voting
results from the Annual Meeting were as follows:
Companys 2020 annual meeting of stockholders, and until their
successors have been duly elected and qualify.
|
VOTES FOR
|
VOTES WITHHELD
|
BROKER NON-VOTES
|
|
|
Caroline E. Blakely
|
15,100,090
|
5,335,522
|
5,571,070
|
|
Robert L. Rosen
|
19,961,500
|
474,112
|
5,571,070
|
Companys independent registered public accounting firm for the
year ending December 31, 2017.
|
VOTES FOR
|
VOTES WITHHELD
|
VOTES ABSTAINED
|
|
25,964,636
|
13,780
|
28,266
|
About Ares Commercial Real Estate Corporation (NYSE:ACRE)
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment. In mortgage banking business, the Company directly originates long-term senior loans collateralized by multifamily and senior-living properties, and sells them to third parties pursuant to programs overseen by government agencies and government-sponsored enterprises.
