secwatch.observer — SEC 8-K summary
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Issuer:     KBS Real Estate Investment Trust III, Inc. (KBSR)
CIK:        0001482430
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001482430-24-000046
Event type: other_material
Sentiment:  negative
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243024000046/0001482430-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243024000046/kbsriii-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001482430-24-000046

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