FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) 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
The 2017 Annual Meeting of Shareholders (the 2017 Annual Meeting)
of First Real Estate Investment Trust of New Jersey (the Trust)
was held on April 6, 2017. The following matters were submitted
to the shareholders of the Trust at the 2017 Annual Meeting for
their approval:
Election of Trustees:
The shareholders of the Trust elected Robert S. Hekemian, David
F. McBride and Robert S. Hekemian, Jr. to serve Trustees of the
Trust for three-year terms.The balloting for election was as
follows:
| Name | Votes For | Votes Withheld | Abstentions | Broker Non-Votes |
| Robert S. Hekemian | 3,715,405 | 9,040 | – | – |
| David F. McBride | 3,723,595 | – | – | |
| Robert S. Hekemian, Jr. | 3,723,795 | – | – |
Advisory resolution to approve the compensation of the
Trusts executive officers:
The shareholders of the Trust voted to approve an advisory
resolution approving the compensation of the Trusts executive
officers as disclosed in the Trusts proxy statement for the 2017
Annual Meeting to the requirements of Section 14A of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
and the rules promulgated thereunder. Balloting for this vote was
as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 3,639,445 | 50,199 | 34,801 | – |
Advisory resolution to determine the frequency of the
advisory resolution to approve the compensation of the Trusts
executive officers:
The shareholders of the Trust voted upon an advisory resolution
to determine whether the aforementioned advisory vote to approve
the compensation of the Trusts executive officers will occur
every year, every two years or every three years to the
requirements of Section 14A of the Exchange Act and the rules
promulgated thereunder. The shareholders voted for the approval
of a three-year interval. Balloting for this vote was as follows:
| One Year | Two Years | Three Years | Abstentions | Broker Non-Votes |
| 635,906 | 77,338 | 2,971,571 | 39,630 | – |
About FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS)
First Real Estate Investment Trust of New Jersey is an equity real estate investment trust (REIT). The Company acquires, develops, constructs and holds real estate properties for long-term investment and not for resale. The Company operates in two segments: Commercial Properties and Residential Properties. The Company owns a portfolio of residential apartment and commercial properties. The Company’s properties are located in New Jersey, Maryland and New York. It funds acquisition opportunities and the development of its real estate properties through debt financing, including mortgage loans against certain of its properties. As of October 31, 2016, its real estate holdings included eight apartment buildings or complexes containing a total of 1,472 rentable units, and nine commercial properties (retail and office) containing approximately 1,338,000 square feet of leasable space. Its commercial and residential properties include Franklin Crossing, Westwood Plaza and Hammel Gardens. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) Recent Trading Information
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) closed its last trading session 00.00 at 19.25 with shares trading hands.