other material
confidence high
sentiment neutral
materiality 0.55
Inland Real Estate Income Trust adopts classified board structure
Inland Real Estate Income Trust, Inc.
- Board divided into three classes effective July 22, 2022, with staggered three-year terms.
- Class I: Gwen Henry and Bernard J. Michael (term until 2022 annual meeting).
- Class II: Stephen L. Davis and Mitchell A. Sabshon (term until 2023); Class III: Lee A. Daniels and Daniel L. Goodwin (term until 2024).
- Company filed Articles Supplementary electing Section 3-803 of MGCL; supplemented risk factors noting potential to discourage takeovers.