ILPT amends bylaws for universal proxy rules; shareholders elect trustees, approve say-on-pay

Industrial Logistics Properties Trust

Board adopted Second Amended and Restated Bylaws to address Rule 14a-19 (universal proxy) and technical updates.
Shareholders elected seven trustees; Adam D. Portnoy received lowest support (25.9M for, 19.3M withhold).
Non-binding advisory vote on executive compensation passed with 38.5M for, 6.4M against.
Ratification of Deloitte & Touche as independent auditor for 2023 passed with 49.5M for, 3.6M against.

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

Industrial Logistics Properties Trust: Amended and restated bylaws to address Rule 14a-19 (Universal Proxy Rules) and certain technical updates (effective 2023-06-01).

Change: bylaw amendment
Effective: 2023-06-01

Exact text from the filing

On June 1, 2023 the Board of Trustees (the “Board”) of the Company approved and adopted the Company’s Second Amended and Restated Bylaws (the “Amended Bylaws”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Industrial Logistics Properties Trust shareholders approved Election of seven Trustees at the 2023-06-01 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

At the Company’s annual meeting of shareholders held on June 1, 2023 (the “Annual Meeting”), the Company’s shareholders voted on the election of seven Trustees to the Board each for a one year term of office continuing until the Company’s 2024 annual meeting of shareholders and until his, her or their respective successor is duly elected and qualifies.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Industrial Logistics Properties Trust shareholders approved Non-binding advisory resolution on the compensation paid to the Company’s named executive officers at the 2023-06-01 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

The Company’s shareholders also voted on a non-binding advisory resolution on the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company’s proxy statement relating to the Annual Meeting.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

Industrial Logistics Properties Trust shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditors at the 2023-06-01 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

The Company’s shareholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors to serve for the 2023 fiscal year.

View on SEC.gov

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Industrial Logistics Properties Trust filing history →

Source: SEC EDGAR

accession 0001104659-23-067542

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