8-K/A
filed February 24, 2023, 6:59 PM ET
ticker RHEP
CIK 0001004724
other material
confidence high
sentiment neutral
materiality 0.75
RHE declares Series E Preferred Stock dividend with super-voting rights to facilitate charter amendment
REGIONAL HEALTH PROPERTIES, INC
- Board declared dividend of 1/1,000th share of Series E Preferred Stock per common share, payable Feb 28, 2023 to holders of record Feb 27.
- Each Series E share has 1,000,000 votes, voting only on charter amendment to reduce Series A Preferred liquidation preference to $5.00.
- Series E shares have no dividends, $0.01 liquidation preference, and are redeemable for no consideration before polls on charter amendment.
- Annual meeting results corrected: six directors elected; advisory vote on exec compensation approved (280,637 for); auditor ratified (881,086 for).
- Series E shares automatically vote in same proportion as the common shares with which they were issued, giving management control.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
REGIONAL HEALTH PROPERTIES, INC shareholders approved To consider an advisory vote on executive compensation. at the 2023-02-14 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-02-14
Exact text from the filing
The shareholders approved, on an advisory basis, the Company’s executive compensation. The voting results were as follows: For Against Abstain Broker Non-Votes 280,637 20,178 7,405 585,721
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
REGIONAL HEALTH PROPERTIES, INC shareholders approved To ratify the appointment of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022. at the 2023-02-14 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-02-14
Exact text from the filing
The shareholders ratified the appointment of Cherry Bekaert LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2022. The voting results were as follows: For Against Abstain 881,086 12,092 763
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
REGIONAL HEALTH PROPERTIES, INC shareholders approved To elect the six director nominees named in the Proxy Statement. at the 2023-02-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-02-14
Exact text from the filing
The shareholders elected the following six individuals to the Board to serve until the Company’s 2023 Annual Meeting of Shareholders and until their successors are elected and qualified, or until their earlier death, resignation or removal, other than Messrs. Grossman and Martin, who will serve until the second consecutive dividend payment date following such time as the Company has paid all accumulated and unpaid dividends on the Series A Preferred Stock. The voting results were as follows: Nominee For Withheld Broker Non-Votes Michael J. Fox 202,643 105,577 585,721 Kenneth S. Grossman 186,823 121,397 585,721 Steven L. Martin 189,014 119,206 585,721 Brent Morrison 293,565 14,655 585,721 Kenneth W. Taylor 289,460 18,760 585,721 David A. Tenwick 223,617 84,603 585,721
View on SEC.gov
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