CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders. |
On April25, 2017, Capital Properties, Inc. (the Registrant) held
its 2017 Annual Meeting of Shareholders (the Meeting) in
Providence, Rhode Island. Of the 6,599,912 shares of the
Registrants ClassA common stock outstanding as of the record
date, 5,729,731 shares of ClassA common stock were present or
represented by proxy at the Meeting. At the Meeting, the
shareholders voted to (i)to amend the By-laws to fixing the size
of the Board of Directors at not less than three (3)nor more than
seven (7)members, (ii) to amend the By-laws to change the meeting
date for the annual meeting of the shareholders and quarterly
meetings of the Board of Directors, (iii)to elect three directors
to serve for terms of one year and until their successors are
elected and qualified and (iv)to approve an advisory
(non-binding) proposal on the Companys executive compensation.
The voting results from the Meeting were as follows:
| (a) |
Fixing the size of the Board of Directors at not less than three (3)nor more than seven (7)members: |
|
For: |
5,709,911 | |||
|
Against: |
17,503 | |||
|
Withheld: |
2,316 |
| (b) |
Changing the date of the annual meeting of shareholders and quarterly meetings of the Board of Directors: |
|
For: |
5,723,069 | |||
|
Against: |
4,346 | |||
|
Withheld: |
2,316 |
| (c) | Election of Directors: |
| For | Withheld | |||||||
|
Alfred J. Corso |
4,688,699 | 17,996 | ||||||
|
Robert H. Eder |
4,684,838 | 21,857 | ||||||
|
Steven G. Triedman |
4,688,849 | 17,846 |
| (d) |
Advisory proposal (non-binding) on executive compensation: |
|
For: |
4,686,683 | |||
|
Against: |
17,447 | |||
|
Withheld: |
2,565 |
About CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP)
Capital Properties, Inc., through its subsidiaries, operates in two segments: leasing and petroleum storage. The Company’s subsidiaries include Tri-State Displays, Inc., Capital Terminal Company and Dunellen, LLC. The leasing segment leases Company-owned land in the Capital Center area (Capital Center) in downtown Providence, Rhode Island under long-term ground leases. The petroleum storage segment includes Terminal and Pier Facility. The Company owns approximately 20 acres in the Capital Center consisting of over 10 individual parcels. It leases Parcels 3E, 3W, 4E and 4W in the Capital Center area for public parking purposes on a short-term basis. The Company leases a parcel of land adjacent to the Capital Center for public parking purposes on a short-term basis. The Company, through Dunellen, LLC, owns a petroleum storage terminal containing approximately 1,004,000 shell barrels (the Terminal) and the Wilkesbarre Pier (the Pier). CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP) Recent Trading Information
CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP) closed its last trading session down -0.10 at 14.10 with 1,000 shares trading hands.