ILPT cuts ownership limit to 5% to protect NOLs; annual meeting results & VP appointment

Industrial Logistics Properties Trust

Bylaw amendment reduces prospective ownership threshold from 9.8% to 5% to safeguard net operating losses.
Shareholders above 5% before May 30, 2024 are grandfathered but cannot acquire additional shares.
Mandatory arbitration provision for shareholder disputes eliminated from bylaws.
All seven trustees re-elected; say-on-pay passed with 33.2M for; Deloitte ratified as auditor.
Marc Krohn appointed Vice President, effective immediately; oversees leasing and operations of mainland industrial portfolio.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.