ONE LIBERTY PROPERTIES, INC. (NYSE:OLP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders.
At our annual meeting of stockholders held on June 14, 2017,
proposals 1, 2 and 4 presented to stockholders were approved and
with respect to proposal 3, stockholders selected three years as
the frequency of future stockholder say-on-pay votes. The
proposals are described in detail in our definitive proxy
statement dated April 18, 2017. Set forth below is a summary of
the proposals and the voting results with respect thereto.
Proposal 1 Election of Directors
To elect the directors named below for a three year term:
| For | Against | Abstain | Broker Non-Votes | ||||||||||||||
| Charles L. Biederman | 12,360,681 | 741,920 | 134,029 | 3,874,175 | |||||||||||||
| Patrick J. Callan, Jr. | 12,901,380 | 200,970 | 134,280 | 3,874,175 | |||||||||||||
| Louis P. Karol | 12,545,668 | 557,285 | 133,676 | 3,874,175 | |||||||||||||
Proposal 2 Advisory Vote on Executive Compensation
To approve, by non-binding vote, executive compensation for the
year ended December 31, 2016:
| For | Against | Abstain | Broker Non-Votes | ||||||||||||
| 10,366,383 | 2,788,124 | 82,122 | 3,874,175 | ||||||||||||
Proposal 3 Advisory Vote on the Frequency of Holding Future
Advisory Votes on Executive Compensation
To approve, by non-binding vote, the frequency of future
non-binding votes on executive compensation:
| One Year | Two Years | Three Years | Abstain | Broker Non-Vote | |||||||||||||||
| 4,952,815 | 87,757 | 7,692,893 | 503,163 | 3,874,175 | |||||||||||||||
In light of the results with respect to this proposal, we have
determined that the next stockholder advisory vote on executive
compensation will be held in connection with the 2020 Annual
Meeting of Stockholders.
Proposal 4 Ratification of the Selection of Independent
Registered Public Accounting Firm
To ratify the appointment of Ernst Young LLP as our independent
registered public accounting firm for the year ended December 31,
2017:
| For | Against | Abstain | |||||||||
| 16,891,334 | 117,745 | 101,725 | |||||||||
About ONE LIBERTY PROPERTIES, INC. (NYSE:OLP)
One Liberty Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex and health and fitness properties. The Company owns approximately 110 properties and participates in joint ventures that own over five properties. These properties and the properties owned by its joint ventures are located in approximately 30 states and have an aggregate of over 8.2 million square feet (including an aggregate of approximately 967,000 square feet at properties owned by its joint ventures). The Company’s properties include Fort Mill, Royersford, Round Rock, W.Hartford, Delport, Brooklyn, Lakemoor, Tucker, Cedar Park, Lake Charles, Sandy Springs, Wichita, Melville, Ronkonkoma, Niles, Amarillo, Deptford, Lexington, Hyannis, Gurnee, Pinellas Park, Cartersville, Kennesaw, Killeen, Marston Mills, Gettysburg, Palmyra, Hanover, Durham, Seattle and Joppa.