Columbia Property Trust, Inc. (NYSE:CXP) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 6, 2019, the Board of Directors of Columbia Property Trust, Inc. (the “Company”) approved and adopted an amendment to Article II of the Company’s Third Amended and Restated Bylaws (as amended, the “Amended Bylaws”). The Amended Bylaws provide for a majority voting standard in uncontested director elections. Prior to this amendment, the Company had a plurality voting standard in director elections, with a director resignation policy. The new majority voting standard provides that to be elected in an uncontested election, the votes cast “for” a director nominee must exceed the votes “against” such nominee’s election. In contested elections, the voting standard will continue to be a plurality of the votes cast.
The Company’s Corporate Governance Guidelines (the “Guidelines”) provide for a procedure whereby a director who fails to be re-elected in an uncontested election will submit his or her resignation, which the Nominating and Corporate Governance Committee of the Board will consider and make a recommendation to the Board regarding acceptance of such resignation. Conforming amendments were made to the Guidelines to reflect the change to a majority voting standard in director elections.
The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Bylaws, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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(d) Exhibits |
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3.1 |
Fourth Amended and Restated Bylaws
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COLUMBIA PROPERTY TRUST, INC. Exhibit
EX-3.1 2 fourthamendedandrestatedby.htm AMENDED AND RESTATED BYLAWS Exhibit Exhibit 3.1FOURTH AMENDED AND RESTATED BYLAWSOFCOLUMBIA PROPERTY TRUST,…
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About Columbia Property Trust, Inc. (NYSE:CXP)
Columbia Property Trust, Inc. operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures. The Company owns and operates commercial real estate properties. The Company invests in office properties. The Company owns over 30 office properties and approximately one hotel, which contains approximately 13.3 million square feet of commercial space, located in over 10 states and the District of Columbia. The Company’s portfolio consists of a combination of multi- and single-tenant office properties located in Central Business District (CBD) and suburban areas.
