8-K
filed December 15, 2023, 6:59 PM ET
ticker IOR
CIK 0000949961
other
confidence high
sentiment neutral
materiality 0.25
Income Opportunity Realty Investors annual meeting: all directors elected, liquidation proposal rejected by 96%
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/
- All four director nominees elected with ~90% votes for (Butler, Jakuszewski, Munselle, Lara Celis).
- Ratification of Swalm & Associates as auditor for FY2023 passed (3,793,377 for, 59,316 against).
- Amendment to Article TENTH, Subpart C of Articles approved (3,747,330 for, 97,178 against).
- Stockholder proposal to wind up and liquidate failed: only 153,414 for (3.68%), 3,698,987 against (over 96%).
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders rejected Stockholder proposal to initiate winding up and liquidation of the Issues at the 2023-12-13 meeting.
- Outcome
- failed
- Meeting
- 2023-12-13
Exact text from the filing
The fourth matter presented at the Annual Meeting was a Stockholder proposal to initiate winding up and liquidation of the Issues which failed by a vote of 153,414 votes FOR (only 3.68%), 3,698,987 votes AGAINST (over 96%), with 12,304 votes ABSTAINED.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Election of Directors at the 2023-12-13 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
the following named persons received the number of votes cast for, against or withheld, as well as the number of abstention and broker non-votes: Nominee Name No. of Votes For Of Shares Voted, % For No. of Votes Withheld No. of Votes Abstained Broker Non- Votes Henry A. Butler 3,752,954 90.03% 111,751 - -0- Robert A. Jakuszewski 3,751,115 89.99% 113,590 - -0- Ted R. Munselle 3,740,167 89.73% 124,538 - -0- Fernando Victor Lara Celis 3,751,205 89.99% 113,500 - -0- All of the nominees named above, each of which is currently a director of the Registrant, were elected at such Annual Meeting.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Ratification of the appointment of Swalm & Associates, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2023, and any interim period. at the 2023-12-13 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
A total of 3,793,377 votes were cast FOR, 59,316 votes were cast AGAINST, and 12,012 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ shareholders approved Proposal to amend Article TENTH, Subpart C of the Articles of Incorporation. at the 2023-12-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
The third matter presented to the Annual Meeting was the approval of a proposal to amend Article TENTH, Subpart C of the Articles of Incorporation, which was approved by a vote of 3,747,330 votes cst FOR, 97,178 votes were cast AGAINST and 20,194 votes ABSTAINED. There were no broker non-votes.
View on SEC.gov
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