New Senior Investment Group Inc. (NYSE:SNR) Files An 8-K Submission of Matters to a Vote of Security Holders
Submission of Matters to a Vote of Security
At the Annual Meeting of Stockholders (the Annual Meeting) of New
Senior Investment Group Inc. (the Company), held on June9, 2017,
the stockholders of the Company voted on the matters described
As of April17, 2017, the record date for the Annual Meeting,
holders of 82,141,216 shares of common stock of the Company were
entitled to vote.
The Companys stockholders elected three Class III directors
to serve until the 2020 Annual Meeting of Stockholders, and
until their successors are elected and duly qualified,
subject to earlier retirement, resignation or removal. The
numbers of shares that voted for the election of such
directors, withheld authority to vote for such directors, and
represented broker non-votes with respect to this proposal
are summarized in the table below.
Wesley R. Edens
Stuart A. McFarland
Broker non-votes are instances where a broker holding shares
of record for a beneficial owner does not vote the shares
because it has not received voting instructions from the
beneficial owner and therefore is precluded by the rules of
the New York Stock Exchange (NYSE) from voting on a
particular matter. Under NYSE rules, when a broker holding
shares in street name does not receive voting instructions
from a beneficial owner, the broker has discretionary
authority to vote on certain routine matters but is
prohibited from voting on non-routine matters. Brokers who
did not receive instructions were not entitled to vote on the
election of directors, but they were entitled to vote on the
ratification of the appointment of the independent registered
public accounting firm.
The Companys stockholders ratified the appointment of Ernst
Young LLP as the Companys independent registered public
accounting firm for the fiscal year ending December31, 2017.
The numbers of shares that voted for, against and abstained
from voting for or against the ratification of the selection
of Ernst Young LLP are summarized in the table below.
About New Senior Investment Group Inc. (NYSE:SNR)
New Senior Investment Group Inc. is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers. Under its Triple Net Lease Properties segment, the Company leases over 60 of its properties under approximately four triple net master leases. The Managed Properties consist of over 50 independent living facilities (IL-only) and approximately 40 properties with a combination of assisted living/memory care (AL/MC) facilities. The Triple Net Lease Properties consist of over 50 IL-only properties, approximately five rental continuing care retirement communities (CCRC) properties and over one AL/MC property.