STAG INDUSTRIAL, INC. (STAG) Files An 8-K Other Events
ITEM 8.01. OTHER EVENTS
STAG Industrial, Inc. (the Company) amended its Corporate
Governance Guidelines to provide that, in an uncontested election
of directors, any nominee who receives a greater number of votes
withheld from his or her election than votes for his or her
election will, within two weeks following the certification of
the stockholder vote by the Company, submit a written resignation
offer to the Board of Directors for consideration by the
Nominating and Corporate Governance Committee of the Board of
Directors. The Nominating and Corporate Governance Committee will
consider the resignation offer and, within 60 days following
certification of the stockholder vote by the Company, will make a
recommendation to the Board of Directors concerning the
acceptance or rejection of the resignation offer. In determining
its recommendation to the Board of Directors, the Nominating and
Corporate Governance Committee will consider all factors it deems
relevant. The Nominating and Corporate Governance Committee also
will consider alternatives concerning the directors resignation
offer as the members of the Nominating and Corporate Governance
Committee deem appropriate, including:
Governance Guidelines to provide that, in an uncontested election
of directors, any nominee who receives a greater number of votes
withheld from his or her election than votes for his or her
election will, within two weeks following the certification of
the stockholder vote by the Company, submit a written resignation
offer to the Board of Directors for consideration by the
Nominating and Corporate Governance Committee of the Board of
Directors. The Nominating and Corporate Governance Committee will
consider the resignation offer and, within 60 days following
certification of the stockholder vote by the Company, will make a
recommendation to the Board of Directors concerning the
acceptance or rejection of the resignation offer. In determining
its recommendation to the Board of Directors, the Nominating and
Corporate Governance Committee will consider all factors it deems
relevant. The Nominating and Corporate Governance Committee also
will consider alternatives concerning the directors resignation
offer as the members of the Nominating and Corporate Governance
Committee deem appropriate, including:
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acceptance of the resignation offer,
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rejection of the resignation offer, or
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rejection of the resignation offer coupled with a
commitment to seek to address the underlying cause or causes of the majority-withheld vote. |
The Board of Directors will act on the recommendation no later
than 90 days following certification of the stockholder vote by
the Company. In considering the recommendation, the Board of
Directors will consider the information, factors and alternatives
considered by the Nominating and Corporate Governance Committee
and any additional information, factors and alternatives as the
Board of Directors deems relevant.
than 90 days following certification of the stockholder vote by
the Company. In considering the recommendation, the Board of
Directors will consider the information, factors and alternatives
considered by the Nominating and Corporate Governance Committee
and any additional information, factors and alternatives as the
Board of Directors deems relevant.
Any director offering to resign will not participate in the
Nominating and Corporate Governance Committee or Board of
Directors consideration of the resignation offer. The Company
will publicly disclose, in a Form 8-K furnished to the Securities
and Exchange Commission, the decision-making process and decision
regarding whether to accept the resignation offer or, if
applicable, the reasons for rejecting the offer.
Nominating and Corporate Governance Committee or Board of
Directors consideration of the resignation offer. The Company
will publicly disclose, in a Form 8-K furnished to the Securities
and Exchange Commission, the decision-making process and decision
regarding whether to accept the resignation offer or, if
applicable, the reasons for rejecting the offer.
The Company posted the full text of the amended Corporate
Governance Guidelines in the Investor Relations section of its
website at www.stagindustrial.com.
Governance Guidelines in the Investor Relations section of its
website at www.stagindustrial.com.
About STAG INDUSTRIAL, INC. (STAG)