UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): May 25, 2017

 

 

RETAIL PROPERTIES OF AMERICA, INC.

(exact name of registrant as specified in charter)

 

 

 

Maryland   001-35481   42-1579325

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

2021 Spring Road, Suite 200, Oak Brook, Illinois   60523
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (630) 634-4200

Not Applicable

(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 (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

Retail Properties of America, Inc. (the “Company”) held its 2017 annual meeting of stockholders (the “2017 Annual Meeting”) on May 25, 2017. The total number of shares of common stock entitled to vote at the 2017 Annual Meeting was 236,888,222, of which 198,395,563 shares, or approximately 84%, were present in person or by proxy. The following is a brief description of each matter voted upon at the 2017 Annual Meeting and a statement of the number of votes cast for, against or withheld and the number of abstentions and broker non-votes with respect to each matter, as applicable.

(a) Votes regarding the election of the persons named below as directors for a term expiring at the annual meeting of stockholders in 2018 and until their respective successors have been duly elected and qualified or until their earlier resignation or removal, were as follows:

 

Nominee

  For   Withheld   Abstain   Broker Non-Votes(1)
Bonnie S. Biumi   155,927,753   11,024,698   771,128   30,671,984
Frank A. Catalano, Jr.   151,961,716   14,907,678   854,185   30,671,984
Paul R. Gauvreau   151,972,668   14,909,025   841,886   30,671,984
Robert G. Gifford   156,567,638   10,315,754   840,187   30,671,984
Gerald M. Gorski   154,626,962   12,249,179   847,438   30,671,984
Steven P. Grimes   156,449,355   10,430,710   843,514   30,671,984
Richard P. Imperiale   156,409,862   10,449,219   864,498   30,671,984
Peter L. Lynch   156,023,476   10,870,003   830,100   30,671,984
Thomas J. Sargeant   156,481,457   10,402,344   839,778   30,671,984

 

(1) A “broker non-vote” occurs when a nominee (such as a custodian or bank) holding shares for a beneficial owner returns a signed proxy but does not vote on a particular proposal because the nominee does not have discretionary voting power with respect to that item and has not received instructions from the beneficial owner.

Based on the votes set forth above, each of the foregoing persons was duly elected to serve as a director for a term expiring at the annual meeting of stockholders in 2018 and until his or her respective successor has been duly elected and qualified or until his or her earlier resignation or removal.

(b) With respect to the advisory resolution approving the compensation of the Company’s named executive officers, there were 148,648,195 votes for the resolution, 17,965,912 votes against the resolution, 1,109,471 votes abstaining from voting on the resolution and 30,671,984 broker non-votes. Based on the foregoing voting results, the advisory resolution approving the compensation of the Company’s named executive officers was approved by the Company’s stockholders.

(c) With respect to the non-binding, advisory vote regarding the frequency of holding future non-binding, advisory votes on the compensation of the Company’s named executive officers, there were 136,478,752 votes for the frequency of future non-binding, advisory votes on the compensation of the Company’s named executive officers to be held every year, 748,788 votes to hold said non-binding, advisory vote every two years, 20,809,331 votes to hold said non-binding, advisory vote every three years and 9,686,708 votes abstaining from voting on said non-binding, advisory


vote. Based on the foregoing voting results, the Company’s stockholders approved, on a non-binding, advisory basis, a frequency of every year for holding future non-binding, advisory votes on the compensation of the Company’s named executive officers. After taking into consideration the foregoing voting results and the prior recommendation of the Company’s board of directors (the “Board”) in favor of an annual non-binding, advisory stockholder vote on the compensation of the Company’s named executive officers, the Board currently intends for the Company to hold future non-binding, advisory votes on the compensation of the Company’s named executive officers every year until the next required advisory vote on the frequency of holding future non-binding, advisory votes on the compensation of the Company’s named executive officers.

(d) With respect to the approval by the Company’s stockholders of an amendment to the Company’s bylaws to allow the Company’s bylaws to be amended by the affirmative vote of a majority of all votes entitled to be cast by the stockholders of the issued and outstanding shares of common stock of the Company at a meeting of stockholders duly called and at which a quorum is present (the “Bylaw Amendment”), there were 155,912,685 votes for the approval of the Bylaw Amendment, 10,586,991 votes against the approval of the Bylaw Amendment, 1,223,903 votes abstaining from voting on the approval of the Bylaw Amendment and 30,671,984 broker non-votes. Based on the foregoing voting results, the Bylaw Amendment was approved by the Company’s stockholders. As a result, the Bylaw Amendment was effective on May 25, 2017.

(e) With respect to the ratification of the audit committee’s appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2017, there were 186,580,566 votes for the ratification, 10,816,450 votes against the ratification, 998,547 votes abstaining from voting on the ratification and no broker non-votes. Based on the foregoing voting results, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company to serve for the fiscal year ending December 31, 2017 was duly ratified by the Company’s stockholders.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    RETAIL PROPERTIES OF AMERICA, INC.
    (Registrant)
    By:   /s/ Paula C. Maggio
      Paula C. Maggio
Date: May 30, 2017       Executive Vice President, General Counsel and Secretary