PORTSMOUTH SQUARE, INC. (OTCMKTS:PRSI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Fiscal 2016 Annual Meeting of the Shareholders of Portsmouth
Square, Inc. (the Company) was held on March 3, 2017 at the
Hilton San Francisco Financial District, 750 Kearny Street, San
Francisco, California. At that meeting, all of managements
nominees: John V. Winfield, Jerold R. Babin, John C. Love and
William J. Nance were elected as Directors of the Company to
serve until the next Annual Meeting. At the Annual Meeting, the
shareholders also voted in favor of the ratification of the Audit
Committees selection of Hein and Associates LLP as the Companys
independent registered public accounting firm for the fiscal year
ending June 30, 2017.
The final tabulation of the votes follows:
Proposal (1) Election of Directors:
Nominee | For | Withheld | Broker Non Votes | |||
John V. Winfield | 579,354 | 7,392 | 121,950 | |||
Jerold R. Babin | 585,961 | 121,950 | ||||
John C. Love | 579,504 | 7,242 | 121,950 | |||
William J. Nance | 579,504 | 7,242 | 121,950 | |||
Proposal (2) Ratification of the Appointment of Hein and
Associates LLP as The Companys Independent Registered Public
Accounting Firm for the fiscal year ending June 30, 2017:
Votes For | Against | Abstain | Broker Non Votes | |||
695,576 | 12,970 | – | ||||
Proposal (3) Approve, by non-binding vote, the compensation of
the named executive officers:
Votes For | Against | Abstain | Broker Non Votes | |||
536,988 | 48,823 | 121,950 | ||||
Proposal (4) Recommend, by non-binding vote, the frequency of
shareholder votes on named executive officer compensation:
1 Year | 2 year | 3 Year | Abstain | Broker Non Votes | |||
1,298 | 2,075 | 534,863 | 48,150 | 121,950 | |||
About PORTSMOUTH SQUARE, INC. (OTCMKTS:PRSI)
Portsmouth Square, Inc. operates in San Francisco hotel industry. The Company’s principal business is conducted through its general and limited partnership interest in Justice Investors Limited Partnership (Justice). It operates through two segments: Hotel Operations, which is engaged in the operation of the Hilton San Francisco Financial District (the Hotel), and Investment Transactions, which includes the investment of its cash in marketable securities and other investments. As of June 30, 2016, Justice, through its subsidiaries, Justice Holdings Company, LLC, Justice Operating Company, LLC and Justice Mezzanine Company, LLC, owns the Hotel, which consists of a 543-room hotel property located at 750 Kearny Street, San Francisco, California, and related facilities, including a five level underground parking garage. It also invests in income producing instruments, corporate debt and equity securities, publically traded investment funds, mortgage backed securities and other companies. PORTSMOUTH SQUARE, INC. (OTCMKTS:PRSI) Recent Trading Information
PORTSMOUTH SQUARE, INC. (OTCMKTS:PRSI) closed its last trading session 00.00 at 60.50 with 300 shares trading hands.