PARKWAY, INC. (NYSE:PKY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
on May 23, 2017 (the Annual Meeting) at which the stockholders
approved the Parkway, Inc. 2017 Employee Stock Purchase Plan (the
2017 ESPP). The Board of Directors (the Board) of the Company
adopted the 2017 ESPP, subject to stockholder approval, on February
28, 2017.
Company to purchase shares of the Companys common stock on a
systematic basis at a price equal to 85% of the average purchase
price of the fair market value of a share of the Companys common
stock on the last five trading days of the purchase period. Unless
otherwise determined by the Compensation Committee of the Board,
the first purchase period under the 2017 ESPP will begin on June 1,
2017 and will end on August 31, 2017, and thereafter the 2017 ESPP
will have successive three-month purchase periods starting each
year on September 1st,
December 1st,
March 1st,
and June 1st.
A participant in the 2017 ESPP may purchase an aggregate of $25,000
of the Companys common stock in one calendar year. The maximum
number of shares of the Companys common stock reserved for issuance
under the 2017 ESPP is 200,000. A description of the material terms
of the 2017 ESPP is set forth under the heading Proposals to be
Voted onProposal 2Approval of the 2017 Employee Stock Purchase Plan
in the Companys 2017 Proxy Statement. The foregoing description of
the 2017 ESPP is qualified in all respects by the terms of the 2017
ESPP, which is filed as Exhibit 10.1 to this Form 8-K and is
incorporated by reference herein.
director nominees, (ii) approved the 2017 ESPP, (iii) approved the
material terms for payment of performance-based compensation under
the Parkway, Inc. and Parkway Operating Partnership LP 2016 Omnibus
Equity Incentive Plan for purposes of Section 162(m) of the
Internal Revenue Code of 1986, as amended, and (iv) approved, on an
advisory basis, the appointment of Ernst Young LLP as the Companys
independent registered public accounting firm for the 2017 fiscal
year.
follows:
|
Name
|
|
For
|
|
Against
|
|
Abstain
|
|
Broker Non-Votes
|
||||
|
Avi Banyasz
|
|
39,752,759
|
|
568,077
|
|
27,290
|
|
2,358,602
|
||||
|
James H. Hance, Jr.
|
|
39,518,146
|
|
802,929
|
|
27,053
|
|
2,358,601
|
||||
|
James R. Heistand
|
|
39,852,822
|
|
|
468,298
|
|
|
27,007
|
|
|
2,358,602
|
|
|
Frank J. Tripp Johnson, III
|
|
39,759,194
|
|
561,841
|
|
27,091
|
|
2,358,602
|
||||
|
Craig B. Jones
|
|
39,624,706
|
|
|
696,498
|
|
|
26,923
|
|
|
2,358,602
|
|
|
R. Dary Stone
|
|
39,725,069
|
|
595,951
|
|
27,108
|
|
2,358,601
|
||||
|
James A. Thomas
|
|
39,620,039
|
|
|
701,242
|
|
|
26,846
|
|
|
2,358,602
|
|
follows:
|
For
|
|
Against
|
|
Abstain
|
|
Broker Non-Votes
|
|
39,413,140
|
|
37,980
|
|
38,591
|
|
2,358,601
|
for payment of performance-based compensation under the Parkway,
Inc. and Parkway Operating Partnership LP 2016 Omnibus Equity
Incentive Plan for purposes of Section 162(m) of the Internal
Revenue Code of 1986, as amended, were as follows:
|
For
|
|
Against
|
|
Abstain
|
|
Broker Non-Votes
|
|
38,572,891
|
|
863,854
|
|
52,965
|
|
2,358,602
|
Young LLP as the Company’s independent registered public
accounting firm for the 2017 fiscal year were as follows:
|
For
|
|
Against
|
|
Abstain
|
|
41,693,902
|
|
129,169
|
|
25,241
|
|
Exhibit No.
|
|
Description
|
|
|
|
|
|
10.1
|
|
Parkway, Inc. 2017 Employee Stock Purchase Plan
|
About PARKWAY, INC. (NYSE:PKY)
Parkway, Inc. is a real estate investment trust (REIT). The Company has a portfolio of approximately five Class A office assets totaling over 8.7 million rentable square feet in the Galleria, Greenway and Westchase submarkets of Houston, Texas. The Company offers fee-based real estate services through its subsidiaries, which in total manages or leases approximately 2.7 million square feet primarily for third-party owners. The Company holds, directly and through its ownership of Parkway Properties General Partners, Inc. (Parkway GP), approximately 98% common partnership interest in the Parkway Operating Partnership LP (the Operating Partnership). The Company, through its Operating Partnership, owns substantially all of its assets and conducts substantially all of its operations. The Company’s assets include Greenway Plaza, Post Oak Central, CityWestPlace, Phoenix Tower and San Felipe Plaza. PARKWAY, INC. (NYSE:PKY) Recent Trading Information
PARKWAY, INC. (NYSE:PKY) closed its last trading session down -0.06 at 19.68 with 78,122 shares trading hands.
