LEXINGTON REALTY TRUST (NYSE:LXP) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
On May 15, 2018, Lexington Realty Trust, which we refer to as the Trust, held its 2018 Annual Meeting of Shareholders, which we refer to as the Annual Meeting. As of March 5, 2018, the record date for holders of the Trust's shares of beneficial interest, par value $0.0001 per share, classified as common stock, which we refer to as Common Shares, entitled to vote at the Annual Meeting, there were 240,767,878 Common Shares outstanding. Of the Common Shares entitled to vote at the Annual Meeting, 224,988,690 Common Shares, or approximately 93.4% of the Common Shares entitled to vote, were present or represented by proxy at the Annual Meeting. There were three 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 voting results with respect to each matter:
Proposal No. 1.Election of seven trustees to serve until the Trust's 2019 Annual Meeting of Shareholders or their earlier removal or resignation and until their respective successors, if any, are elected and qualify. The seven trustees elected, and the number of votes cast with respect to each of them, were as follows:
Nominee for Trustee |
For |
Withhold |
Broker Non-Votes |
E. Robert Roskind |
195,846,670 |
2,221,250 |
26,920,770 |
T. Wilson Eglin |
195,969,295 |
2,098,625 |
26,920,770 |
Richard S. Frary |
195,442,216 |
2,625,704 |
26,920,770 |
Lawrence L. Gray |
196,285,011 |
1,782,909 |
26,920,770 |
Jamie Handwerker |
196,041,903 |
2,026,017 |
26,920,770 |
Claire A. Koeneman |
195,992,295 |
2,075,625 |
26,920,770 |
Howard Roth |
196,394,555 |
1,673,365 |
26,920,770 |
Harold First was not nominated for reelection.
Proposal No. 2.To vote upon an advisory, non-binding resolution to approve the compensation of the named executive officers of the Trust, as disclosed in the related proxy statement. The number of votes cast with respect to Proposal No. 2 were as follows:
For |
Against |
Abstain |
Broker Non-Votes |
191,333,993 |
5,733,462 |
1,000,465 |
26,920,770 |
Proposal No. 3. To ratify the appointment of Deloitte & Touche LLP as the Trust's independent registered public accounting firm for the fiscal year ending December 31, 2018. The number of votes cast with respect to Proposal No. 3 were as follows:
For |
Against |
Abstain |
222,525,287 |
1,244,683 |
1,218,720 |
Item 8.01.Other Events.
Following the Annual Meeting, the standing Committees of the Board of Trustees of the Trust were reconstituted as follows:
Audit Committee
Howard Roth, Chairperson
Richard S. Frary
Jamie Handwerker
Compensation Committee
Lawrence L. Gray, Chairperson
Richard S. Frary
Claire A. Koeneman
Nominating and Corporate Governance Committee
Claire A. Koeneman, Chairperson
Jamie Hardwerker
Howard Roth
Executive Committee
Richard S. Frary, Lead Independent Trustee
E. Robert Roskind
T. Wilson Eglin
Lawrence L. Gray
About LEXINGTON REALTY TRUST (NYSE:LXP)
Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area. The Company has equity ownership interests in approximately 215 consolidated real estate properties, located in over 40 states and containing an aggregate of approximately 42.3 million square feet of space, approximately 96.8% of which was leased. The properties in which the Company has an interest are leased to tenants in various industries, including service, automotive, technology, transportation and logistics, and finance and insurance.