8-K
filed May 19, 2023, 7:59 PM ET
ticker SUI
CIK 0000912593
other material
confidence high
sentiment neutral
materiality 0.50
Sun Communities shareholders approve doubling of authorized common shares to 360M
SUN COMMUNITIES INC
- Shareholders approved amending charter to increase authorized common shares from 180M to 360M and total shares from 200M to 380M.
- All nine director nominees elected; highest vote count Jeff T. Blau with 108.2M for.
- Non-binding 'say-on-pay' approved with ~84% for (91.4M for, 17.3M against).
- Ratification of Grant Thornton as auditor for 2023 approved with 97.9% for (110.1M for).
- Advisory vote favored annual frequency of executive compensation votes (105.9M for one year).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
SUN COMMUNITIES INC: Increased authorized common shares from 180M to 360M and total authorized shares from 200M to 380M (effective 2023-05-18).
- Change
- charter amendment
- Effective
- 2023-05-18
Exact text from the filing
Effective May 18, 2023, the Company filed the Articles of Amendment with the State Department of Assessments and Taxation of Maryland.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
SUN COMMUNITIES INC shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm at the 2023-05-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
(d) Proposal 4 – Ratification of Selection of Independent Registered Public Accounting Firm: Shareholders ratified the selection of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, as follows: Votes For Votes Against Abstentions 110,068,892 2,399,701 10,258
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
SUN COMMUNITIES INC shareholders approved Approval of the Articles of Amendment to the Company’s Charter to increase the number of authorized shares of common stock at the 2023-05-16 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
(e) Proposal 5 – Approval of the Articles of Amendment to the Company’s Charter to increase the number of authorized shares of common stock Shareholders approved the Articles of Amendment to the Company’s charter to increase the number of authorized shares of common stock from 180,000,000 to 360,000,000, as follows: Votes For Votes Against Abstentions 107,709,429 4,609,755 159,667
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
SUN COMMUNITIES INC shareholders approved Non-Binding Advisory Vote on the Frequency of Shareholder Votes on Executive Compensation at the 2023-05-16 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
(c) Proposal 3 – Non-Binding Advisory Vote on the Frequency of Shareholder Votes on Executive Compensation: In a non-binding advisory vote, shareholders voted for the Company to hold a shareholder vote on executive compensation each year, as follows: Votes for One Year Votes for Two Years Votes for Three Years Abstentions 105,879,611 15,955 2,757,479 42,699
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
SUN COMMUNITIES INC shareholders approved Election of Directors at the 2023-05-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
The Company held its Annual Meeting on May 16, 2023. The votes cast with respect to each item of business properly presented at the Annual Meeting are as follows: (a) Proposal 1 – Election of Directors Shareholders elected nine directors to serve until the 2024 Annual Meeting of Shareholders (or until their successors shall have been duly elected and qualified), as follows: Nominee Votes For Votes Against Abstentions Broker Non-Votes Tonya Allen 106,767,724 1,901,910 26,110 3,783,107 Meghan G. Baivier 103,562,683 5,112,397 20,664 3,783,107 Stephanie W. Bergeron 102,545,645 6,124,320 25,779 3,783,107 Jeff T. Blau 108,231,680 441,094 22,970 3,783,107 Brian M. Hermelin 104,521,422 4,150,198 24,124 3,783,107 Ronald A. Klein 105,103,654 3,564,327 27,763 3,783,107 Clunet R. Lewis 98,161,959 10,509,173 24,612 3,783,107 Gary A. Shiffman 99,947,165 8,184,106 564,473 3,783,107 Arthur A. Weiss 106,793,234 1,879,399 23,111 3,783,107
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
SUN COMMUNITIES INC shareholders approved Non-binding Advisory Vote on Executive Compensation at the 2023-05-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-16
Exact text from the filing
(b) Proposal 2 – Non-binding Advisory Vote on Executive Compensation: Shareholders approved the non-binding advisory vote on executive compensation, as follows: Votes For Votes Against Abstentions Broker Non-Votes 91,375,037 17,284,282 36,425 3,783,107
View on SEC.gov
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