UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 16, 2016 (December 14, 2016)
ACRE REALTY INVESTORS INC.
(Exact name of registrant as specified in its charter)
Georgia
(State or Other Jurisdiction of Incorporation)
| 001-13183 | 58-2122873 |
| (Commission File Number) | (IRS Employer Identification No.) |
| c/o Avenue Capital Group | |
| 399 Park Avenue, 6th Floor | |
| New York, New York | 10022 |
| (Address of Principal Executive Offices) | (Zip Code) |
212-878-3504
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the annual meeting of shareholders of ACRE Realty Investors Inc. (the “Company”) held on December 14, 2016 (the “Annual Meeting”), the shareholders voted on the following matters: (i) the re-election of three nominated directors, Bruce D. Frank, Robert L. Loverd and Charles S. Roberts, to serve for a term expiring at the 2019 annual meeting of shareholders and until a successor shall be elected and shall qualify and (ii) the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2016. As of October 25, 2016, the record date for the Annual Meeting, there were 20,464,187 shares of common stock outstanding and entitled to vote.
The full results of the matters voted on at the Annual Meeting are set forth below:
Proposal 1 — Election of Directors. The following nominees were re-elected to our Board to serve for a term expiring at the 2019 annual meeting of shareholders and until a successor shall be elected and shall qualify: Bruce D. Frank, Robert L. Loverd and Charles S. Roberts.
| Nominee for Director | For | Withheld | Broker Non-Votes | |||||||||
| Bruce D. Frank | 14,376,691 | 82,266 | 4,188,904 | |||||||||
| Robert L. Loverd | 14,376,691 | 82,266 | 4,188,904 | |||||||||
| Charles S. Roberts | 14,388,710 | 70,247 | 4,188,904 | |||||||||
Proposal 2 — Ratification of Appointment of Independent Registered Public Accounting Firm. This proposal was ratified upon the following vote.
| For | Against | Abstain | Broker Non-Votes | |||
| 18,561,129 | 39,415 | 47,317 | * |
| * | No broker non-votes arose in connection with Proposal 2 due to the fact that the matter was considered “routine” under New York Stock Exchange rules. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| ACRE REALTY INVESTORS INC. | |||
| Dated: December 16, 2016 | By: | /s/ Gregory I. Simon | |
| Gregory I. Simon | |||
| Executive Vice President, General Counsel and Secretary |
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