New York REIT,Inc. (NYSE:NYRT) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
As previously reported in the Original Form 8-K, in a non-binding advisory vote on the frequency of future say on pay votes held at the 2016 Annual Meeting, there were 86,978,211 votes for every year, 361,770 votes for once every two years, 30,506,517 votes for once every three years, 1,447,002 abstentions and 34,804,119 broker non-votes.
The non-binding advisory votes on executive officer compensation and on the frequency of future advisory votes on executive officer compensation were held at the 2016 Annual Meeting because the proxy statement relating to the 2016 Annual Meeting disclosed compensation paid to named executive officers of the Company during the year ended December 31, 2015. An advisory vote on executive officer compensation and on the frequency of future advisory votes on executive officer compensation is not required to the extent that there was no executive compensation to named executive officers in the immediately preceding year. In light of this vote, the Company has determined that it will hold an advisory vote on named executive officer compensation every year, to the extent that the proxy statement for such year discloses compensation to named executive officers during the prior fiscal year, until the next required vote on the frequency of future advisory votes on named executive officer compensation is held, or until the Company’s Board of Directors otherwise determines that a different frequency for holding such vote is in the best interest of the Company’s stockholders.
About New York REIT, Inc. (NYSE:NYRT)
New York REIT, Inc. is a real estate investment trust. The Company owns a portfolio of commercial real estate. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. As of December 31, 2016, the Company owned 19 properties, which aggregated 3.3 million rentable square feet. The Company holds interests in properties of various types, such as office, retail, hotel, parking and storage. The Company’s properties include Design Center, 416 Washington Street, 50 Varick Street, 1440 Broadway, One Worldwide Plaza, 256 West 38th Street, 229 West 36th Street, 333 West 34th Street, 367-387 Bleecker Street, 33 West 56th Street (garage) and 350 West 42nd Street. New York REIT, Inc. (NYSE:NYRT) Recent Trading Information
New York REIT, Inc. (NYSE:NYRT) closed its last trading session up +0.02 at 8.61 with 2,057,014 shares trading hands.
