Service Properties Trust (Nasdaq: SVC) today announced the results of its 2020 Annual Meeting of Shareholders, which was held earlier today, as follows.
John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Independent Trustee is as follows:
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Independent Trustee
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Percentage of Shares Voted For
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John L. Harrington
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69.6%
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John G. Murray was re-elected as Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Managing Trustee as follows:
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Managing Trustee
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Percentage of Shares Voted For
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John G. Murray
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96.2%
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Shareholders approved an amendment to the Company’s Declaration of Trust to provide for the annual election of all trustees beginning in 2023:
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Amendment
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Percentage of Shares Outstanding Voted For
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Amended Company’s Declaration of Trust
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73.2%
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Shareholders voted to approve executive compensation by means of an advisory vote:
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Proposal
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Percentage of Shares Voted For
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Approval of Executive Compensation
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88.1%
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Shareholders ratified the appointment of Ernst & Young LLP as ILPT’s independent auditors for the 2020 fiscal year:
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Proposal
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Percentage of Shares Voted For
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Ratification of Independent Auditors
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97.8%
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In addition, the Board of Trustees promoted Todd Hargreaves, the company's Vice President to the offices of Vice President and Chief Investment Officer. Mr. Hargreaves is also the Vice President of The RMR Group LLC and is responsible for all hospitality, office, industrial and net lease acquisitions. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for life insurance and CMBS loan origination.
About Service Properties Trust:
Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries. SVC’s properties are operated under long term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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