8-K
filed May 7, 2024, 7:59 PM ET
ticker PDM
CIK 0001042776
other material
confidence high
sentiment neutral
materiality 0.45
Piedmont amends credit facilities to permit convertible debt; appoints Kelly Barrett as Board Chair
Piedmont Realty Trust, Inc.
- Entered amendments to $200M, $250M, and $600M unsecured credit facilities to conform terms and permit certain convertible indebtedness.
- Kelly H. Barrett appointed Chair of Board; former Chair Frank McDowell and Jeffrey L. Swope retired at annual meeting.
- Dale H. Taysom named Chair of Capital Committee effective May 7, 2024.
- Shareholders approved 5M share increase to 2007 Omnibus Incentive Plan, raising total authorized to 13,666,667 shares.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Piedmont Realty Trust, Inc. amended a credit facility valued at $200 million (effective 2024-05-06).
- Action
- amendment
- Agreement
- credit facility
- Value
- $200 million
- Effective
- 2024-05-06
Exact text from the filing
On May 6, 2024, Piedmont Operating Partnership, LP, a subsidiary of Piedmont Office Realty Trust, Inc. (the “Registrant”), entered into amendments to the agreements governing its $200 million unsecured 2024 term loan, its $250 million unsecured 2018 term loan and its $600 million unsecured 2022 line of credit.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Piedmont Realty Trust, Inc. shareholders approved Approval of amendments to the Prior Plan as disclosed in the proxy statement at the 2024-05-07 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Registrant’s stockholders voted to approve amendments to the Prior Plan as disclosed in the proxy statement as follows: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non-Votes 86,167,471 5,845,316 315,456 11,626,110
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Piedmont Realty Trust, Inc. shareholders approved Election of directors to the board for one-year terms expiring in 2025 at the 2024-05-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Registrant’s stockholders elected the following individuals to its board of directors for one-year terms expiring in 2025: Name Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non- Votes Kelly H. Barrett 88,536,934 3,627,895 163,414 11,626,110 Glenn G. Cohen 91,248,211 910,193 169,528 11,626,110 Venkatesh S. Durvasula 91,632,362 415,806 279,540 11,626,110 Mary M. Hager 91,384,578 673,526 270,140 11,626,110 Barbara B. Lang 90,179,170 1,974,896 174,177 11,626,110 C. Brent Smith 91,749,824 404,700 173,719 11,626,110 Dale H. Taysom 91,811,677 343,599 172,967 11,626,110
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Piedmont Realty Trust, Inc. shareholders approved Ratify the appointment of Deloitte and Touche, LLP, as independent registered public accountants for fiscal year 2024 at the 2024-05-07 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Registrant’s stockholders voted to ratify the appointment of Deloitte and Touche, LLP, as independent registered public accountants for the fiscal year ended December 31, 2024, as follows: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained 100,952,463 2,808,111 193,468
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Piedmont Realty Trust, Inc. shareholders approved Advisory approval of the compensation of the named executive officers as disclosed in the proxy statement at the 2024-05-07 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
The Registrant’s stockholders voted to approve, on an advisory basis, the compensation of the named executive officers as disclosed in the proxy statement as follows: Number of Shares Voted For Number of Shares Voted Against Number of Shares Abstained Broker Non-Votes 84,674,924 6,139,053 1,514,266 11,626,110
View on SEC.gov
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.