REIS, INC. (NASDAQ:REIS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders.
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The following proposals were submitted to the
stockholders of Reis, Inc. (the “Company”) at its 2017 annual meeting of stockholders held on June 1, 2017: |
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To elect one director for a term expiring at the 2020
annual meeting of stockholders and upon the election and qualification of his successor; |
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To consider and vote upon the approval of an advisory
resolution on executive compensation (commonly referred to as “Say on Pay”) as disclosed in the Company’s proxy statement dated April 27, 2017; and |
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To consider and vote upon the ratification of the
appointment of Ernst Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017. |
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For more information about the foregoing proposals, see
the Company’s proxy statement dated April 27, 2017, the relevant portions of which are incorporated herein by reference. Holders of the Company’s common stock are entitled to one vote per share.
A total of 10,656,702 shares, representing
approximately 92% of the 11,527,253 shares outstanding and entitled to vote as of the record date (April 14, 2017), were represented in person or by proxy and constituted a quorum. |
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(1)
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The following table sets forth the number of votes cast for
the director nominee, the number of votes withheld and the number of non-votes with respect to the director nominee: |
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Name
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For
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Withhold
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Non-Vote
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| Lloyd Lynford (class of 2020) | 7,713,079 | 1,493,712 | 1,449,911 |
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Mr. Lynford was elected.
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(2)
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The following table sets forth the number of votes cast, on
an advisory basis, for the approval of the compensation of the Company’s named executive officers, the number of votes cast against such advisory approval, the number of abstentions and the number of non-votes: |
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For
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Against
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Abstain
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Non-Vote
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Uncast |
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8,806,102
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383,028
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17,618
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1,449,911
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The foregoing proposal was approved, on an advisory
basis. Consistent with the previously approved recommendation of the Company’s board of directors to its stockholders, the Company has adopted a policy to conduct an advisory vote on executive compensation every year until the next advisory vote on the frequency of conducting future advisory votes on executive compensation, which is expected to occur no later than the Company’s annual meeting of stockholders in 2018. |
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(3)
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The following table sets forth the number of votes cast for
ratification of the appointment of Ernst Young LLP as the Company’s independent registered accounting firm for the fiscal year ending December 31, 2017, the number of votes cast against the ratification, the number of abstentions and the number of non-votes: |
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For
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Against
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Abstain
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Non-Vote
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10,627,089
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28,980
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The foregoing proposal was approved.
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Item 8.01
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Other Events.
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The Company’s board of directors, at its regularly
scheduled meeting immediately following the 2017 annual meeting of stockholders took certain actions, as follows: |
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The board of directors reappointed the following
members of its standing committees: |
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Audit Committee: M. Christian Mitchell (Chairman),
Thomas J. Clarke Jr., Byron C. Vielehr |
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Compensation Committee: Thomas J. Clarke Jr. (Chairman), Byron C. Vielehr |
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Nominating and Corporate Governance Committee: Byron C.
Vielehr (Chairman), M. Christian Mitchell |
About REIS, INC. (NASDAQ:REIS)
Reis, Inc. (Reis) is engaged in providing commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. The Company operates through Reis Services segment. It maintains a database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the United States. The database contains information on apartment, office, retail, warehouse or distribution, flex or research and development, self-storage and seniors housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. Its product portfolio includes Reis Subscriber Edition (SE), its delivery platform aimed at larger and mid-sized enterprises; ReisReports, aimed at prosumers and smaller enterprises, and Mobiuss Portfolio CRE (Mobiuss), aimed at risk managers and credit administrators at banks and non-bank lending institutions.
