---
schema_version: "secwatch.filing_event.v1"
accession: "0000907254-23-000044"
form_type: "8-K"
ticker: "BFS"
cik: "0000907254"
company_name: "SAUL CENTERS, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:59:42.369837+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Saul Centers annual meeting re-elects directors, ratifies auditor, say-on-pay approved

## Summary
- Elected B. Francis Saul II, John E. Chapoton, D. Todd Pearson, H. Gregory Platts to board for three-year terms expiring 2026.
- Ratified Deloitte & Touche as independent auditor with 22,990,129 votes for, 14,110 opposed.
- Non-binding advisory approval of executive compensation received 21,806,568 votes in favor.
- Advisory vote on frequency: plurality (11,180,239) chose every three years; one-year received 10,524,203.
- Annual presentation with operating results and business activities posted on company website.

## SEC filing metadata
- accession: 0000907254-23-000044
- form_type: 8-K
- ticker: BFS
- cik: 0000907254
- company_name: SAUL CENTERS, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/0000907254-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/bfs-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000907254-23-000044
- JSON: https://secwatch.observer/filing/0000907254-23-000044.json
- Plain text: https://secwatch.observer/filing/0000907254-23-000044.txt

## Key facts
- Shareholder Votes
  SAUL CENTERS, INC. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation (every one, two, or three years). at the 2023-05-12 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-12
  source text: The stockholders voted to have an advisory vote on executive compensation every three years: One Year Two Years Three Years Abstain Not Voted 10,524,203 20,283 11,180,239 149,310 1,139,952
  evidence_url: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/0000907254-23-000044-index.htm
- Shareholder Votes
  SAUL CENTERS, INC. shareholders approved Election of B. Francis Saul II, John E. Chapoton, D. Todd Pearson, and H. Gregory Platts as directors for three-year terms expiring at the 2026 Annual Meeting. at the 2023-05-12 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-12
  source text: Holders of 23,013,987 shares of the Company’s common stock voted in person at the meeting or by proxy (representing 96.2% of the 23,913,630 shares eligible to vote) as follows: In Favor Withheld Not Voted B. Francis Saul II 17,174,421 4,807,848 1,031,718 John E. Chapoton 19,773,981 2,208,288 1,031,718 D. Todd Pearson 16,463,573 5,518,696 1,031,718 H. Gregory Platts 14,599,548 7,382,721 1,031,718
  evidence_url: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/0000907254-23-000044-index.htm
- Shareholder Votes
  SAUL CENTERS, INC. shareholders approved Ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm. at the 2023-05-12 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-12
  source text: The stockholders voted in favor of the ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm as follows: In Favor Opposed Abstain 22,990,129 14,110 9,748
  evidence_url: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/0000907254-23-000044-index.htm
- Shareholder Votes
  SAUL CENTERS, INC. shareholders approved Non-binding advisory vote to approve the compensation paid to the Company's named executive officers. at the 2023-05-12 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-12
  source text: The stockholders voted to approve on a non-binding, advisory basis, the compensation paid to the Company's named executive officers, as disclosed in the Company's Proxy Statement for the 2023 Annual Meeting of Stockholders: In Favor Opposed Abstain Not Voted 21,806,568 157,468 18,233 1,031,718
  evidence_url: https://www.sec.gov/Archives/edgar/data/907254/000090725423000044/0000907254-23-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.