SERITAGE GROWTH PROPERTIES (NYSE:SRG) 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.
held its annual meeting of shareholders in New York, New York.
The meeting was held to vote on the matters described below.
stood for re-election as Class II trustees of the Company for a
term ending at the 2020 annual meeting of shareholders. Under the
Company’s bylaws, the election of trustees requires the vote of
at least seventy-five percent of all the votes entitled to be
cast. The votes on this matter (including the votes of both Class
A common shares and Class B non-economic shares of the Company)
were as follows:
|
Name
|
For
|
Against
|
Abstain
|
Broker Non-Vote
|
|
Kenneth T. Lombard
|
21,591,362
|
1,769,917
|
43,879
|
3,508,538
|
|
Benjamin Schall
|
22,062,046
|
1,299,656
|
43,456
|
3,508,538
|
of over ninety percent of all of the shares that were voted on
their election. Although Mr. Lombard and Mr. Schall received the
vote of less than seventy-five percent of all the votes entitled
to be cast, under the Company’s Declaration of Trust and
Maryland law, Mr. Lombard and Mr. Schall will continue as
trustees of the Company until their successors are elected and
qualified.
Company’s independent registered public accounting firm for
fiscal year 2017. The shareholders ratified the appointment of
Deloitte Touche LLP as the Company’s independent registered
public accounting firm for fiscal year 2017. Ratification of the
appointment of our independent registered public accounting firm
required the affirmative vote of a majority of votes at the
annual meeting. The votes on this matter (including the votes of
both Class A common shares and Class B non-economic shares of the
Company) were as follows:
|
For
|
Against
|
Abstain
|
Broker Non-Vote
|
|
26,624,513
|
58,535
|
230,648
|
—
|
the Company’s executive compensation program for the Company’s
named executive officers. The shareholders approved an advisory,
non-binding, resolution to approve the Company’s executive
compensation program for the Company’s named executive officers.
Approval of this advisory, non-binding, resolution required the
affirmative vote of a majority of votes at the annual meeting.
The votes on this matter (including the votes of both Class A
common shares and Class B non-economic shares of the Company)
were as follows:
|
For
|
Against
|
Abstain
|
Broker Non-Vote
|
|
23,189,555
|
157,757
|
57,846
|
3,508,538
|
Company’s executive compensation program for the Company’s
named executive officers. The shareholders voted, in an advisory
vote, to conduct an advisory vote on the Company’s executive
compensation program for the Company’s named executive officers
every one year. Approval of this advisory, non-binding,
resolution required the affirmative vote of a majority of votes
at the annual meeting. The votes on this matter (including the
votes of both Class A common shares and Class B non-economic
shares of the Company) were as follows:
|
One Year
|
Two Years
|
Three Years
|
Abstain
|
Broker Non-Vote
|
|
22,576,905
|
13,424
|
561,797
|
253,032
|
3,508,538
|
Trustees declared a quarterly dividend for the second quarter of
2017 of $ 0.25 for each Class A common share and Class C
non-voting common share, payable in cash on July 13, 2017 to
shareholders of record on June 30, 2017.
2017 is filed herewith as Exhibit 99.1 and is incorporated in
this Item 8.01 by reference.
|
Exhibit No.
|
Description
|
|
99.1
|
Press release of Seritage Growth Properties, dated April
25, 2017. |
About SERITAGE GROWTH PROPERTIES (NYSE:SRG)
Seritage Growth Properties (Seritage) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, and management and leasing of diversified retail real estate across the United States. The Company’s assets are held by and its operations are primarily conducted through directly or indirectly, by Seritage Growth Properties, L.P. Its portfolio include approximately 42.4 million square feet of gross leasable area (GLA), which consists of approximately 230 owned properties totaling over 37.0 million square feet of GLA across approximately 49 states and Puerto Rico and interests in approximately 30 joint venture properties totaling over 5.4 million square feet of GLA across approximately 17 states. Its portfolio includes over 3,000 acres of land, or approximately 10 acres per site for its owned properties. SERITAGE GROWTH PROPERTIES (NYSE:SRG) Recent Trading Information
SERITAGE GROWTH PROPERTIES (NYSE:SRG) closed its last trading session up +0.86 at 44.04 with 412,464 shares trading hands.
