---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-064823"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:51:23.562244+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# AvalonBay shareholders elect directors, approve say-on-pay, and appoint Terry S. Brown as Lead Independent Director

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-064823
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2023-05-26T23:59:59+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
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/0001104659-23-064823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/tm2316141d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-064823
- JSON: https://secwatch.observer/filing/0001104659-23-064823.json
- Plain text: https://secwatch.observer/filing/0001104659-23-064823.txt

## Key facts
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/0001104659-23-064823-index.htm
- Shareholder Votes
  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
  source text: Each of the Company’s nominees for director as listed in the proxy statement was re-elected as shown in the table below.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/0001104659-23-064823-index.htm
- Shareholder Votes
  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
  source text: Stockholders approved the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/0001104659-23-064823-index.htm
- Shareholder Votes
  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
  source text: Stockholders ratified the selection of Ernst & Young LLP as the Company’s independent auditors for fiscal year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465923064823/0001104659-23-064823-index.htm

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