SENIOR HOUSING PROPERTIES TRUST (NASDAQ:SNH) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
On June30, 2017, our Board of Trustees, or our Board, by
unanimous vote elected to become subject to Title 3, Subtitle 8
of the Maryland General Corporation Law, as applicable to real
estate investment trusts organized under Maryland law, so that
henceforth our Board will be classified and approximately
one-third of our Board will be elected at each annual meeting of
our shareholders for three year terms and that members of our
Board may only be removed for cause. Shortly thereafter, Articles
Supplementary to the Articles of Amendment and Restatement of the
Trust were filed with the State Department of Assessments and
Taxation of Maryland to implement these changes. The Articles
Supplementary were effective upon filing. The foregoing
description of the Articles Supplementary is subject to and
qualified in its entirety by reference to the Articles
Supplementary, a copy of which is attached as Exhibit3.1 to this
Current Report on Form8-K, and incorporated herein by reference.
The Boards decision to adopt a classified board was not taken in
response to any known takeover attempt or threat.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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3.1 |
Articles Supplementary to Articles of Amendment and |
SENIOR HOUSING PROPERTIES TRUST ExhibitEX-3.1 2 a17-15917_1ex3d1.htm EX-3.1 Exhibit 3.1 SENIOR HOUSING PROPERTIES TRUST ARTICLES SUPPLEMENTARY Senior Housing Properties Trust,…To view the full exhibit click here About SENIOR HOUSING PROPERTIES TRUST (NASDAQ:SNH)
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments: triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, which includes the remainder of its operations, including certain properties that offer fitness, wellness and spa services to members. Properties in triple net senior living communities segment include leased independent living communities, assisted living communities and skilled nursing facilities. Properties in managed senior living communities segment include managed independent living communities and assisted living communities.
