EQUITY LIFESTYLE PROPERTIES, INC. (NYSE:ELS) 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
On May 2, 2017, Equity Life>
Proposal No. 1: To elect ten directors to terms expiring in 2018.
This proposal received the required affirmative vote of holders of
a plurality of the votes cast and the directors were elected.
This proposal received the required affirmative vote of holders of
a plurality of the votes cast and the directors were elected.
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SHARES VOTED
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DIRECTOR
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FOR
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WITHHELD
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BROKER NON-VOTES
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Philip Calian
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59,149,144
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20,241,139
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2,396,092
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David Contis
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61,742,748
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17,647,535
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2,396,092
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Thomas Heneghan
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78,564,530
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825,753
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2,396,092
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Tao Huang
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61,256,650
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18,133,633
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2,396,092
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Marguerite Nader
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78,897,090
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493,193
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2,396,092
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Sheli Rosenberg
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61,412,891
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17,977,392
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2,396,092
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Howard Walker
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78,563,576
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826,707
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2,396,092
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Matthew Williams
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79,106,754
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283,529
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2,396,092
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William Young
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62,918,682
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16,471,601
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2,396,092
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Samuel Zell
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75,024,565
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4,365,718
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2,396,092
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Proposal No. 2: To ratify the selection of Ernst Young LLP as our
independent registered public accounting firm for 2017. This
proposal received the required affirmative vote of holders of a
majority of the votes cast and was approved.
independent registered public accounting firm for 2017. This
proposal received the required affirmative vote of holders of a
majority of the votes cast and was approved.
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FOR
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AGAINST
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ABSTAIN
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BROKER NON-VOTES
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SHARES VOTED
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81,384,692
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383,085
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18,598
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Proposal No. 3: To approve our executive compensation on a
non-binding advisory basis. This proposal received the required
affirmative vote of holders of a majority of the votes cast and was
approved.
non-binding advisory basis. This proposal received the required
affirmative vote of holders of a majority of the votes cast and was
approved.
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FOR
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AGAINST
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ABSTAIN
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BROKER NON-VOTES
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SHARES VOTED
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77,408,124
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1,966,963
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15,196
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2,396,092
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Proposal No. 4: To approve the frequency of holding an advisory
vote on executive compensation. Our recommendation to conduct an
advisory vote on executive compensation each year at the Annual
Meeting of Stockholders beginning with the 2018 Annual Meeting
received the affirmative vote of holders of a majority of the votes
cast and was approved.
vote on executive compensation. Our recommendation to conduct an
advisory vote on executive compensation each year at the Annual
Meeting of Stockholders beginning with the 2018 Annual Meeting
received the affirmative vote of holders of a majority of the votes
cast and was approved.
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1 YEAR
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2 YEARS
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3 YEARS
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ABSTAIN
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BROKER NON-VOTES
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SHARES VOTED
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72,621,922
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89,639
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6,664,167
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14,555
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2,396,092
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Item 8.01 Other Events
On May 2, 2017, our Board of Directors declared the second quarter
2017 dividend of $0.4875 per common share, representing, on an
annualized basis, a dividend of $1.95 per common share. The
dividend will be paid on July 14, 2017 to stockholders of record on
June 30, 2017. Our Board of Directors also declared a dividend of
$0.421875 per depositary share (each representing 1/100 of a share
of our 6.75% Series C Cumulative Redeemable Perpetual Preferred
Stock) (NYSE: ELSPrC), which represents, on an annualized basis, a
dividend of $1.6875 per depositary share. The dividend will be paid
on June 30, 2017 to
2017 dividend of $0.4875 per common share, representing, on an
annualized basis, a dividend of $1.95 per common share. The
dividend will be paid on July 14, 2017 to stockholders of record on
June 30, 2017. Our Board of Directors also declared a dividend of
$0.421875 per depositary share (each representing 1/100 of a share
of our 6.75% Series C Cumulative Redeemable Perpetual Preferred
Stock) (NYSE: ELSPrC), which represents, on an annualized basis, a
dividend of $1.6875 per depositary share. The dividend will be paid
on June 30, 2017 to
stockholders of record on June 15, 2017.
This report includes certain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. When used, words such as “anticipate,” “expect,”
“believe,” “project,” “intend,” “may be” and “will be”
and similar words or phrases, or the negative thereof, unless the
context requires otherwise, are intended to identify
forward-looking statements and may include without limitation,
information regarding our expectations, goals or intentions
regarding the future, and the expected effect of our acquisitions.
These forward-looking statements are subject to numerous
assumptions, risks and uncertainties, including, but not limited
to:
the meaning of the Private Securities Litigation Reform Act of
1995. When used, words such as “anticipate,” “expect,”
“believe,” “project,” “intend,” “may be” and “will be”
and similar words or phrases, or the negative thereof, unless the
context requires otherwise, are intended to identify
forward-looking statements and may include without limitation,
information regarding our expectations, goals or intentions
regarding the future, and the expected effect of our acquisitions.
These forward-looking statements are subject to numerous
assumptions, risks and uncertainties, including, but not limited
to:
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our ability to control costs, real estate market conditions,
the actual rate of decline in customers, the actual use of Sites by customers and our success in acquiring new customers at our Properties (including those that we may acquire); |
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our ability to maintain historical or increase future rental
rates and occupancy with respect to Properties currently owned or that we may acquire; |
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our ability to retain and attract customers renewing,
upgrading and entering right-to-use contracts; |
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our assumptions about rental and home sales markets;
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our ability to manage counter-party risk;
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in the age-qualified Properties, home sales results could be
impacted by the ability of potential home buyers to sell their existing residences as well as by financial, credit and capital markets volatility; |
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results from home sales and occupancy will continue to be
impacted by local economic conditions, lack of affordable manufactured home financing and competition from alternative housing options including site-built single-family housing; |
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impact of government intervention to stabilize site-built
single family housing and not manufactured housing; |
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effective integration of recent acquisitions and our
estimates regarding the future performance of recent acquisitions; |
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the completion of future transactions in their entirety, if
any, and timing and effective integration with respect thereto; |
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unanticipated costs or unforeseen liabilities associated with
recent acquisitions; |
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ability to obtain financing or refinance existing debt on
favorable terms or at all; |
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the effect of interest rates;
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the dilutive effects of issuing additional securities;
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the effect of accounting for the entry of contracts with
customers representing a right-to-use the Properties under the Codification Topic “Revenue Recognition”; |
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the outcome of pending or future lawsuits or actions brought
against us, including those disclosed in our filings with the Securities and Exchange Commission; and |
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other risks indicated from time to time in our filings with
the Securities and Exchange Commission. |
For further information on these and other factors that could
impact us and the statements contained herein, refer to our filings
with the Securities and Exchange Commission, including Risk Factors
in our most recent Annual Report on Form 10-K and subsequent
quarterly reports.
impact us and the statements contained herein, refer to our filings
with the Securities and Exchange Commission, including Risk Factors
in our most recent Annual Report on Form 10-K and subsequent
quarterly reports.
These forward-looking statements are based on management’s present
expectations and beliefs about future events. As with any
projection or forecast, these statements are inherently susceptible
to uncertainty and changes in circumstances. We are under no
obligation to, and expressly disclaim any obligation to, update or
alter our forward-looking statements whether as a result of such
changes, new information, subsequent events or otherwise.
expectations and beliefs about future events. As with any
projection or forecast, these statements are inherently susceptible
to uncertainty and changes in circumstances. We are under no
obligation to, and expressly disclaim any obligation to, update or
alter our forward-looking statements whether as a result of such
changes, new information, subsequent events or otherwise.
Equity Life>
About EQUITY LIFESTYLE PROPERTIES, INC. (NYSE:ELS)
Equity LifeStyle Properties, Inc. is a real estate investment trust. The Company is an integrated owner and operator of lifestyle-oriented properties (Properties) consisting primarily of manufactured home (MH) communities, and recreational vehicle (RV) resorts and campgrounds. The Company operates through two segments: Property Operations, and Home Sales and Rentals Operations. The Property Operations segment owns and operates land lease Properties. The Home Sales and Rentals Operations segment purchases, sells and leases homes at the Properties. Its customers may lease individual developed areas (Sites) or enter right-to-use contracts, which provide them access to specific Properties for limited stays. Its portfolio includes approximately 390 Properties, including over 143,940 residential Sites located across the United States and Canada. It has over 80 Properties with lake, river or ocean frontage, and over 100 Properties within approximately 10 miles of the coastal United States. EQUITY LIFESTYLE PROPERTIES, INC. (NYSE:ELS) Recent Trading Information
EQUITY LIFESTYLE PROPERTIES, INC. (NYSE:ELS) closed its last trading session down -0.50 at 80.65 with 232,476 shares trading hands.
