ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) Files An 8-K Submission of Matters to a Vote of Security HoldersITEM 5.07SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a) On May 15, 2018, Ashford Hospitality Trust, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). As of March 29, 2018, the record date for the Annual Meeting, there were 98,153,889 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 85,883,957 shares, or approximately 87.5% of the eligible voting shares, were represented either in person or by proxy.
At the Annual Meeting, the stockholders voted on the following items:
1. Proposal 1 – To elect seven nominees to the Board of Directors to hold office until the next annual meeting of stockholders and until their successors are elected and qualified. The following nominees were elected to the Company's Board of Directors (constituting the entire Board of Directors), with the voting results for each nominee as shown:
|
Broker |
|||
|
Name |
For |
Withheld |
Non-votes |
|
Monty J. Bennett |
60,020,202 |
5,998,407 |
19,865,348 |
|
Benjamin J. Ansell, M.D. |
65,657,730 |
360,879 |
19,865,348 |
|
Amish Gupta |
65,516,682 |
501,927 |
19,865,348 |
|
Kamal Jafarnia |
62,098,373 |
3,920,236 |
19,865,348 |
|
Frederick J. Kleisner |
65,620,558 |
398,051 |
19,865,348 |
|
Sheri L. Pantermuehl |
65,638,726 |
379,883 |
19,865,348 |
|
Alan L. Tallis |
61,801,640 |
4,216,969 |
19,865,348 |
2. Proposal 2 – To obtain advisory approval of the Company’s executive compensation. This proposal was approved by the votes indicated below:
|
Broker |
|||
|
For |
Against |
Abstain |
Non-votes |
|
52,158,698 |
13,676,154 |
183,757 |
19,865,348 |
3. Proposal 3 – To ratify the appointment of BDO USA, LLP, a national public accounting firm, as the Company's independent auditors for the fiscal year ending December 31, 2018. This proposal was approved by the votes indicated below:
|
For |
Against |
Abstain |
|
85,034,995 |
455,931 |
393,031 |
About ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions.
