Education Realty Operating Partnership, LP (NYSE:EDR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Education Realty Operating Partnership, LP (NYSE:EDR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements with Certain Officers.

The Board of Directors (the Board) of Education Realty Trust,
Inc. (the Company) previously approved, subject to stockholder
approval, the Companys 2017 Omnibus Equity Incentive Plan (the
Plan). At the Companys 2017 Annual Meeting of Stockholders held
on May 10, 2017 (the Annual Meeting), the Companys stockholders
approved the Plan, which replaces the Education Realty Trust,
Inc. 2011 Omnibus Equity Incentive Plan (the 2011 Plan). The Plan
authorizes the grant of the 346,111 shares the remain available
under the 2011 Plan, as well as 1,000,000 additional shares, and
sets an annual limit on non-employee director compensation. Based
upon the Companys historical and anticipated practices, the
adoption of the Plan provides the Company with four to five years
of available equity awards.
The foregoing brief description is qualified in its entirety by
the text of the Plan, a copy of which is incorporated herein by
reference as Exhibit 10.1 hereto.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Companys stockholders approved each of
the proposals presented, which are described in more detail in
the Companys Definitive Proxy Statement on Schedule 14A, as
amended, as filed with the Securities and Exchange Commission on
March 31, 2017. Holders of 65,811,333 shares of the Companys
common stock were present in person or represented by proxy at
the Annual Meeting.
The following are the voting results on each proposal presented
to the Companys stockholders at the Annual Meeting:
Proposal 1: To elect eight directors to serve until the 2018
Annual Meeting of Stockholders and until their successors have
been duly elected and qualify.
Directors
Votes For
Votes Withheld
Broker Non-Votes
Randall L. Churchey
62,639,535
1,937,744
1,234,054
John V. Arabia
63,587,506
989,773
1,234,054
William J. Cahill, III
63,371,059
1,206,220
1,234,054
Kimberly K. Schaefer
63,598,198
979,081
1,234,054
Howard A. Silver
63,612,150
965,129
1,234,054
John T. Thomas
63,568,608
1,008,671
1,234,054
Thomas Trubiana
62,873,854
1,703,425
1,234,054
Wendell W. Weakley
63,593,454
983,825
1,234,054
Proposal 2: To ratify the appointment of Deloitte Touche LLP as
the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017.
Votes For
Votes Against
Abstentions
64,777,708
311,130
722,495
Proposal 3: To approve, in an advisory (non-binding) vote, the
compensation of the Companys named executive officers.
Votes For
Votes Against
Abstentions
Broker Non-Votes
63,064,126
551,906
961,247
1,234,054
Proposal 4: To approve the Plan.
Votes For
Votes Against
Abstentions
Broker Non-Votes
62,747,744
1,107,163
722,372
1,234,054
Proposal 5: To determine, in an advisory (non-binding) vote,
whether a stockholder vote to approve the compensation of the
Companys named executive officers should occur every 1, 2 or 3
years.
Votes For 1 Year
Votes For 2 Years
Votes For 3 Years
Abstentions
Broker Non-Votes
54,550,811
10,913
9,282,822
732,733
1,234,054
Based on the voting results of Proposal 5 described above, and
consistent with the Board of Directors recommendation, the Board
of Directors expects that the Company will hold future advisory
votes each year until the next required advisory vote on the
frequency of the advisory vote on executive compensation, which
will occur no later than the Companys 2023 Annual Meeting of
Stockholders.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
10.1
Education Realty Trust, Inc. 2017 Omnibus Equity
Incentive Plan (incorporated by reference to Exhibit
10.1 to the Companys Registration Statement on Form S-8
(File No. 333-217895))


About Education Realty Operating Partnership, LP (NYSE:EDR)

Education Realty Trust, Inc. (EdR) is a self-managed and self-advised real estate investment trust (REIT). The Trust is engaged in developing, acquiring, owning and managing collegiate housing communities located near university campuses. The Trust operates through three segments: collegiate housing leasing, development consulting services and management services. The Trust develops collegiate housing communities for its own account and also provides third-party development consulting services on collegiate housing development projects for universities and other third parties. As of December 31, 2016, the Trust owned 64 collegiate housing communities located in 22 states containing 32,729 beds in 12,294 apartment units on or near 38 university campuses. As of December 31, 2016, the Trust provided third-party management services for 22 collegiate housing communities located in 11 states containing 11,767 beds in 4,214 apartment units on or near 17 university campuses.

Education Realty Operating Partnership, LP (NYSE:EDR) Recent Trading Information

Education Realty Operating Partnership, LP (NYSE:EDR) closed its last trading session down -0.39 at 37.54 with 490,050 shares trading hands.