Stratus Properties Inc. (NASDAQ:STRS) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
Stratus Properties Inc. (the “Company”) held its 2018 annual meeting of stockholders on May 3, 2018, in Austin, Texas. At the annual meeting, the Company’s stockholders (1) elected James C. Leslie and John C. Schweitzer to serve as Class II directors of the Company, each for a three-year term; (2) approved, on an advisory basis, the compensation of the Company’s named executive officers; and (3) ratified the appointment of BKM Sowan Horan, LLP as the Company’s independent registered public accounting firm for the 2018 fiscal year.
Of the 8,133,502 shares of the Company’s common stock outstanding as of the record date, 6,749,133 shares were represented in person or by proxy at the annual meeting. The independent inspector of elections reported the final vote of stockholders as follows:
Proposal No. 1: Election of two Class II director nominees.
|
Name |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
James C. Leslie |
3,627,560 |
344,705 |
2,776,868 |
|
John C. Schweitzer |
3,662,385 |
309,880 |
2,776,868 |
Proposal No. 2: Approval, on an advisory basis, of the compensation of the Company’s named executive officers.
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
3,609,971 |
69,629 |
292,665 |
2,776,868 |
Proposal No. 3: Ratification of the appointment of BKM Sowan Horan, LLP as the Company’s independent registered public accounting firm for the 2018 fiscal year.
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
6,482,455 |
7,056 |
259,622 |
N/A |
About Stratus Properties Inc. (NASDAQ:STRS)
Stratus Properties Inc. (Stratus) is a diversified real estate company. The Company is engaged primarily in the acquisition, entitlement, development, management, operation and sale of commercial, hotel, entertainment, and multi- and single-family residential real estate properties, primarily located in the Austin, Texas area, but including projects in certain other select markets in Texas. It operates in four segments: Hotel, Entertainment, Real Estate Operations and Commercial Leasing. Its properties include Barton Creek that includes Calera, Amarra Drive, Mirador Estate and Barton Creek Village; Circle C Community; Lantana; The Oaks at Lakeway and Magnolia. The Hotel segment includes the W Austin Hotel, which has over 251 luxury rooms and suites, a full service spa, gym, rooftop pool and over 9,750 square feet of meeting space. The Commercial Leasing segment includes the office and retail space at the W Austin Hotel & Residences project and a retail building at The Oaks at Lakeway.
