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

ME Staff 8-k

7 years ago

TAUBMAN CENTERS, INC. (NYSE:TCO) 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

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.