Director James Dondero tenders conditional resignation after receiving majority withheld votes at annual meeting

NexPoint Residential Trust, Inc.

At May 20 annual meeting, director James Dondero received 9,787,340 for and 10,032,861 withheld, triggering mandatory resignation offer.
Board's nominating committee will review resignation within 90 days; Dondero not participating in deliberations.
Other directors elected: Mitts, Constantino, Kavanaugh, Laffer, Swain, Wood; all received majority for votes.
Shareholders also approved 2025 LTIP (18.7M for, 1.1M against) and ratified KPMG as auditor.
Advisory vote on executive compensation passed with 18.6M for.

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