other material
confidence high
sentiment neutral
materiality 0.40
LXP shareholders approve new equity plan (4M shares) and increase authorized shares to 1.4B
LXP Industrial Trust
- Shareholders approved 2022 Equity-Based Award Plan with 4,000,000 common shares available, replacing the 2011 Plan.
- Amendment to Declaration of Trust increases total authorized shares from 1.0B to 1.4B (600M common, 700M excess, 100M preferred).
- Eight trustees elected; each received over 200M votes; advisory say-on-pay approved with ~96% support (243.5M for).
- Ratification of Deloitte & Touche as independent auditor for FY2022: 262.3M for, 0.99M against, 0.14M abstain.