Bob Miller
After the actions above, Bob Miller retired from the Board.
Highest-materiality recent filing
Aimco stockholders elect all nine director nominees, ratify auditor, approve say-on-pay
All nine directors elected with >99% support; broker non-votes of ~15.4M shares on all director and say-on-pay proposals.
Aimco shareholders approve plan of sale and liquidation at special meeting
119,217,338 votes for, 108,600 against, 5,955 abstentions on liquidation proposal.
Aimco supplements proxy disclosure on Morgan Stanley liquidation advisory fees of ~$5.55M
Morgan Stanley engaged Dec 2024 as lead financial advisor; no fairness opinion requested in light of Plan of Sale and Liquidation.
All nine director nominees elected with >100M votes each; highest 'against' was 1.66M for Sherry L. Rexroad.
Announced sale of The Hamilton and 3333 Biscayne Blvd for $203.8M (AIV share); closing year-end 2024, net proceeds to retire $110M debt and return ~$90M to shareholders in Q1 2025.
Aimco raises 2024 NOI guidance; plans asset sales to fund shareholder returns
YTD NOI +5.3%; FY revenue guidance raised to +3.25-3.75%; NOI mid-point up >100 bps.
All nine director nominees elected; Wes Powell received 104,292,284 votes for (98.5% of votes cast).
Aimco updates on asset sales, development pipeline, and capital allocation at REITweek 2024
Stabilized NOI up 6.5% in Q1 2024; revenue growth guidance +1.75-3.75% for 2024.
Aimco presents at Wolfe Research conference; no material updates disclosed
Aimco representatives will present at Wolfe Research Real Estate Conference on Feb 29, 2024.
AIV sets 2024 annual meeting for June 28; shareholder proposal deadlines announced
Annual meeting date: June 28, 2024.
Aimco to present at Nareit REITworld 2023; outperformed Russell 2000 by 2,600 bps since spin-off
Representatives meeting investors at Nareit REITworld 2023 on Nov 14-15.
AIV stockholders approve charter amendments lowering director removal threshold to simple majority
Amendments approved at Sep 29, 2023 annual meeting; effective Oct 3, 2023.
Proposal 1 to eliminate supermajority voting passed with 120.6M for, 164K against, 16.3K abstentions.
Market cap of ~$1.2B; publicly traded for 29 years as of September 2023.
Aimco to hold investor meetings at Nareit REITweek 2023; no specific results disclosed
CEO Wes Powell, CFO Lynn Stanfield, and Sr. Director Matt Foster will meet investors June 6–8, 2023.
Aimco adopts bylaw amendments, sets special meeting threshold at 15%, annual meeting Sept 29
Board approved amendments effective after 2023 annual meeting: special meeting threshold lowered to 15% of voting power.
Aimco appoints Sherry L. Rexroad to board; Robert A. Miller to retire
Sherry L. Rexroad, former STORE Capital CFO and BlackRock executive, joins board effective immediately.
Aimco promotes Kellie Dreyer to SVP & Chief Accounting Officer
Kellie Dreyer promoted to Senior Vice President and Chief Accounting Officer, effective March 7, 2023.
After the actions above, Bob Miller retired from the Board.
Robert A. Miller will not be standing for re-election at the Company's 2023 Annual Meeting and will retire from the Board of Directors (the “Board”) upon expiration of his term at the conclusion of the 2023 Annual Meeting.
The Company also announced the appointment of Sherry L. Rexroad to its Board effective immediately.
On March 9, 2023, Apartment Investment and Management Company (the “Company”) announced that it promoted Kellie Dreyer to Senior Vice President and Chief Accounting Officer, effective March 7, 2023.
Max materiality 0.80 · Median 0.25 · Most common event other_material