8-K
filed June 14, 2023, 7:59 PM ET
ticker SVC
CIK 0000945394
other material
confidence high
sentiment neutral
materiality 0.50
Service Properties Trust elects new trustee, amends bylaws, reports annual meeting results
Service Properties Trust
- Rajan C. Penkar elected as independent trustee effective June 13, 2023; board expands to eight.
- Board approved Second Amended and Restated Bylaws to address universal proxy rules (Rule 14a-19).
- All seven trustee nominees elected; Adam Portnoy received 37.2M against votes out of ~119M cast.
- Say-on-pay approved with 109.6M for, 9.1M against; advisory vote frequency set to every year.
- Deloitte & Touche ratified as auditor for 2023 with 133.9M votes in favor.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Service Properties Trust shareholders approved Election of seven Trustees to the Board for a one-year term at the 2023-06-12 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-12
Exact text from the filing
At the Company’s annual meeting of shareholders held on June 12, 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 her, his or their respective successor is duly elected and qualifies.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Service Properties Trust shareholders approved Non-binding advisory vote on the frequency of future shareholder advisory votes to approve executive compensation at the 2023-06-12 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-12
Exact text from the filing
The Company’s shareholders also voted on a non-binding advisory vote on the frequency of future shareholder advisory votes to approve executive compensation. This proposal received the following votes: One Year Two Years Three Years Abstain Broker Non-Votes 117,380,660 207,061 1,219,825 151,005 15,803,152
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Service Properties Trust shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditors for the 2023 fiscal year at the 2023-06-12 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-12
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. This proposal received the following votes: For Against Abstain Broker Non-Votes 133,870,963 770,114 120,626 N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Service Properties Trust shareholders approved Non-binding advisory resolution on the compensation paid to the Company’s named executive officers at the 2023-06-12 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-12
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 2023 Proxy Statement. This proposal received the following votes: For Against Abstain Broker Non-Votes 109,587,222 9,137,769 233,560 15,803,152
View on SEC.gov
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