---
schema_version: "secwatch.filing_event.v1"
accession: "0001482430-24-000046"
form_type: "8-K"
ticker: "KBSR"
cik: "0001482430"
company_name: "KBS Real Estate Investment Trust III, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:15:36.990023+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# KBS REIT III directors fail to win majority vote, remain hold-over directors

## Summary
- Five director nominees each received fewer than 51% of votes cast; broker non-votes of 32.8M shares counted as against.
- Incumbents Schrieber, DeLuca, Gabriel, Milkovich, Sturzenegger will continue as hold-over directors.
- Ratification of Ernst & Young as auditor approved with 72.6M for, 1.5M against.
- Annual meeting held July 23, 2024; results reflect 32.8M broker non-votes on director election.

## SEC filing metadata
- accession: 0001482430-24-000046
- form_type: 8-K
- ticker: KBSR
- cik: 0001482430
- company_name: KBS Real Estate Investment Trust III, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000046/0001482430-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1482430/000148243024000046/kbsriii-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001482430-24-000046
- JSON: https://secwatch.observer/filing/0001482430-24-000046.json
- Plain text: https://secwatch.observer/filing/0001482430-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.