8-K
filed May 26, 2023, 7:59 PM ET
ticker AVB
CIK 0000915912
other material
confidence high
sentiment neutral
materiality 0.25
AvalonBay shareholders elect directors, approve say-on-pay, and appoint Terry S. Brown as Lead Independent Director
AVALONBAY COMMUNITIES INC
- All 12 director nominees re-elected; votes ranged from 112.3M to 125.2M for each.
- Say-on-pay approved: 117.9M for, 7.4M against, 0.4M abstentions, 4.4M broker non-votes.
- Advisory vote on frequency: 122.3M favored annual future votes; board adopted annual frequency.
- Ratified Ernst & Young as independent auditor for 2023: 124.0M for, 6.2M against.
- Board appointed Terry S. Brown as Lead Independent Director; W. Edward Walter continues on committees.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AVALONBAY COMMUNITIES INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Stockholders cast a non-binding, advisory vote recommending an annual (i.e., every one year) advisory vote on the compensation paid to the Company’s named executive officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AVALONBAY COMMUNITIES INC shareholders approved Election of twelve directors to serve until the 2024 Annual Meeting of Stockholders at the 2023-05-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Each of the Company’s nominees for director as listed in the proxy statement was re-elected as shown in the table below.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AVALONBAY COMMUNITIES INC shareholders approved Advisory vote on compensation of executive officers at the 2023-05-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Stockholders approved the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AVALONBAY COMMUNITIES INC shareholders approved Ratification of Ernst & Young LLP as independent auditors for fiscal year 2023 at the 2023-05-24 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Stockholders ratified the selection of Ernst & Young LLP as the Company’s independent auditors for fiscal year 2023.
View on SEC.gov
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