LASALLE HOTEL PROPERTIES (NYSE:LHO) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 of the Original Form 8-K regarding the frequency of future non-binding, advisory votes on executive compensation.
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ITEM 5.07. |
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
As previously reported in the Original Form 8-K, in advisory votes held at the Annual Meeting over a majority of the votes cast approved the Company's executive compensation and, consistent with the recommendation of the board of trustees, recommended that the Company hold future advisory votes on executive compensation on an annual basis. In light of these voting results and other factors, the board of trustees determined that the Company will hold future advisory votes on executive compensation on an annual basis until the next required non-binding advisory vote on the frequency of such votes on executive compensation. The Company is required to hold advisory votes on frequency every six years.
About LASALLE HOTEL PROPERTIES (NYSE:LHO)
Lasalle Hotel Properties is a self-administered and self-managed real estate investment trust (REIT). The Company primarily buys, owns, redevelops and leases upscale and luxury hotels located in convention, resort and urban business markets. The Company owns interest in approximately 50 hotels with over 12,000 guest rooms located in approximately 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Company’s subsidiary. The Company’s hotels are leased to LHL that provides for rental payments. The Company’s assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the general partner of the Operating Partnership. The hotels, in which the Company has interests include Hotel Amarano Burbank, Hilton San Diego Gaslamp Quarter, Hotel Solamar, San Diego Paradise Point Resort and Spa, The Hilton San Diego Resort and Spa, and Harbor Court Hotel.