INVESTORS REAL ESTATE TRUST (NYSE:IRET) Files An 8-K Submission of Matters to a Vote of Security Holders

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INVESTORS REAL ESTATE TRUST (NYSE:IRET) 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 September19, 2017, the Company held its 2017 Annual Meeting of Shareholders (the “Annual Meeting”). As of July21, 2017, the record date for holders of common shares of beneficial interest (“common shares”) entitled to vote at the Annual Meeting, there were 120,586,875 common shares outstanding and entitled to vote at the Annual Meeting. Of the common shares entitled to vote, 95,040,217, or approximately 78.81% of the common shares, were present or represented by proxy at the Annual Meeting, constituting a quorum under the Declaration of Trust. There were four matters presented and voted on at the Annual Meeting. Set forth below is a brief description of each matter voted on at the Annual Meeting and the final voting results with respect to each such matter.

Proposal 1 —Election of eight nominees to serve on the Board of Trustees for a one-year term and until their respective successors are duly elected and qualified.

Nominee

For

Against

Abstain

BrokerNon-Votes

Jeffrey P. Caira

60,870,615

782,177

823,546

32,563,879

Michael T. Dance

60,888,475

775,423

812,440

Mark O. Decker,Jr.

61,025,714

792,459

658,165

Linda J. Hall

60,705,773

1,173,510

597,055

Terrance P. Maxwell

60,968,937

680,045

827,356

Jeffrey L. Miller

60,684,787

1,462,067

329,484

John A. Schissel

61,010,165

641,512

824,661

John D. Stewart

60,360,564

1,271,342

844,432

The shareholders elected all eight of the nominees as trustees.

Proposal 2 —Non-binding advisory vote on executive compensation.

For

Against

Abstain

BrokerNon-Votes

Votes Cast

60,339,729

1,701,328

435,281

32,563,879

The shareholders approved, by a non-binding advisory vote, the compensation paid to the Company’s named executive officers.

Proposal 3 — Non-binding advisory vote on the frequency of future advisory votes on executive compensation.

1Year

2Year

3Year

Abstain

Votes Cast

49,881,992

892,397

11,239,299

462,650

The shareholders approved, by a non-binding advisory vote, conducting future advisory votes on executive compensation each year. Subsequent to the Annual Meeting, the Company’s Board of Trustees determined that future shareholder advisory votes on executive compensation will continue to be held annually.

Proposal 4 —Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2018.

For

Against

Abstain

BrokerNon-Votes

Votes Cast

94,181,807

334,097

524,313

The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2018.


About INVESTORS REAL ESTATE TRUST (NYSE:IRET)

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota. It conducts its business operations through its operating partnership, IRET Properties, which is principally engaged in acquiring, owning, operating and leasing real estate. It invests in multifamily properties and commercial properties that are leased to single or multiple tenants, usually for approximately five years or longer. As of April 30, 2016, the Company held for investment 99 multifamily properties containing 12,950 apartment units and 47 commercial properties, consisting of healthcare, industrial, office and retail, containing approximately 2.9 million square feet of leasable space.