TAUBMAN CENTERS, INC. (NYSE:TCO) Files An 8-K Submission of Matters to a Vote of Security Holders

TAUBMAN CENTERS, INC. (NYSE:TCO) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07 Submission of Matters to a Vote of Security Holders

At the annual meeting of shareholders of Taubman Centers, Inc. (the
“Company”) on June 1, 2017, our shareholders voted on the
following four proposals.
The election of three director nominees to the Company’s
Board of Directors, each to serve until the 2020 annual
meeting of shareholders (Proposal 1);
To ratify the appointment of KPMG LLP as the Company’s
independent registered public accounting firm for the year
ending December 31, 2017 (Proposal 2);
To approve (on an advisory basis) the compensation of the
Company’s named executive officers (Proposal 3); and
To approve (on an advisory basis) whether an advisory vote on
the compensation of the Company’s named executive officers
should occur every one, two or three years (Proposal 4).
On June 8, 2017, a final certified voting report for our 2017
annual meeting of shareholders was issued by the independent
inspector of election, IVS Associates, Inc. (“IVS”) . The final
certified results of the voting, as reported by IVS, are shown
below*:
Proposal 1 – Election of Directors
Nominees
Votes For
Votes Withheld
Broker
Non-Votes
Robert S. Taubman
48,362,326
537,529
41,009
Cia Buckley Marakovits
79,829,017
213,268
41,009
Myron E. Ullman, III
48,819,630
80,225
41,009
Charles Elson
31,051,942
90,488
41,009
Jonathan Litt
31,051,942
90,488
41,009
Proposal 2 – Ratification of Appointment of Independent Registered
Public Accounting Firm
Votes For
Votes Against
Abstain
79,720,671
309,492
53,131
Proposal 3 – Advisory Vote on Named Executive Officer Compensation
Votes For
Votes Against
Abstain
Broker
Non-Votes
77,797,837
2,126,364
118,084
41,009
Proposal 4 – Advisory Vote on the Frequency of an Advisory Vote on
Named Executive Officer Compensation
Once Every Year
Once Every Two Years
Once Every Three Years
Abstain
Broker
Non-Votes
78,055,136
425,049
1,404,914
157,186
41,009
*For Proposal 1, the three nominees receiving the most votes cast
were elected as directors. Proposals 2 and 3 required the
affirmative vote of 66% of the outstanding voting shares for
approval; the total outstanding voting shares as of the record
date, April 3, 2017, were 85,639,952 shares. For Proposal 4, the
option receiving the most votes was deemed to be the advisory
voting frequency.


About TAUBMAN CENTERS, INC. (NYSE:TCO)

Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company’s portfolio of operating centers consists of approximately 19 urban and suburban shopping centers in over 10 states and Puerto Rico. The consolidated businesses consist of shopping centers and entities that are controlled by ownership or contractual agreements, The Taubman Company LLC (Manager), and Taubman Properties Asia LLC and its subsidiaries (Taubman Asia). Its centers are located in metropolitan areas, in communities, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, San Juan, Sarasota, St. Louis, Tampa, and Washington, D.C.

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