Stockholders approve iStar-Safehold merger; New SAFE to be the surviving entity

Safehold Inc.

Merger approved with 71,509,658 votes for, 361,183 against; stock issuance approved with 71,490,393 for.
Non-binding advisory compensation vote passed with 45,879,526 for vs 25,962,160 against.
Adjournment proposal passed but not needed due to sufficient votes; 81.96% quorum achieved.
iStar will survive as 'Safehold Inc.' under the August 10, 2022 merger agreement.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Safehold Inc. shareholders approved Advisory vote on executive compensation related to merger at the 2023-03-09 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-03-09

Exact text from the filing

3. Proposal to approve, on a non-binding advisory basis, certain compensation that STAR's named executive officers may receive in connection with the merger (the “STAR non-binding advisory compensation proposal”). The results of the vote were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 45,879,526 25,962,160 142,619 —

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Safehold Inc. shareholders approved Approve merger of Safehold Inc. with iStar Inc. at the 2023-03-09 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-03-09

Exact text from the filing

1. Proposal to approve the merger of Safehold Inc., a Maryland corporation (“SAFE”), with and into STAR, with STAR continuing as the surviving corporation and operating under the name “Safehold Inc.” (“New SAFE”), as contemplated by the merger agreement entered into by and between STAR and SAFE on August 10, 2022 (the “STAR merger proposal”). The results of the vote were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 71,509,658 361,183 113,464 —

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Safehold Inc. shareholders approved Approve issuance of shares in connection with merger at the 2023-03-09 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-03-09

Exact text from the filing

2. Proposal to approve the issuance of shares of common stock, par value $0.01 per share, of New SAFE in connection with the merger (the “STAR stock issuance proposal”). The results of the vote were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 71,490,393 384,777 109,135 —

View on SEC.gov

352 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Safehold Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-030656

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