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EX-10.1 - EX-10.1 - OFFICE PROPERTIES INCOME TRUSTa18-14403_1ex10d1.htm

 

 

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): May 24, 2018

 

Government Properties Income Trust

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland

(State or Other Jurisdiction of Incorporation)

 

001-34364

 

26-4273474

(Commission File Number)

 

(IRS Employer Identification No.)

 

Two Newton Place
255 Washington Street, Suite 300
Newton, Massachusetts

 

02458-1634

(Address of Principal Executive Offices)

 

(Zip Code)

 

617-219-1440

(Registrant’s Telephone Number, including Area Code)

 


 

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))

 

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

 

o    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.  o

 

 

 



 

In this Current Report on Form 8-K, the term “the Company” refers to Government Properties Income Trust.

 

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

 

At the Company’s annual meeting of shareholders held on May 24, 2018, the Company’s shareholders voted on the election of Barbara D. Gilmore as an Independent Trustee in Class III of the Board of Trustees for a three year term of office continuing until the Company’s 2021 annual meeting of shareholders and until her successor is duly elected and qualifies.  Ms. Gilmore received the following votes:

 

For

 

Withhold

 

Broker Non-Votes

39,283,663

 

19,916,112

 

31,139,924

 

The Company’s shareholders also voted on the election of Elena B. Poptodorova as an Independent Trustee in Class III of the Board of Trustees for a three year term of office continuing until the Company’s 2021 annual meeting of shareholders and until her successor is duly elected and qualifies.  Ms. Poptodorova received the following votes:

 

For

 

Withhold

 

Broker Non-Votes

39,255,412

 

19,944,363

 

31,139,924

 

The Company’s shareholders also voted on a non-binding advisory resolution on the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company’s proxy statement relating to the Company’s 2018 annual meeting of shareholders.  This proposal received the following votes:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

33,341,379

 

22,828,967

 

3,029,429

 

31,139,924

 

The Company’s shareholders also ratified the appointment of Ernst & Young LLP as the Company’s independent auditors to serve for the 2018 fiscal year.  This proposal received the following votes:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

87,155,751

 

2,467,917

 

716,031

 

 

The results reported above are final voting results.

 

Item 8.01.   Other Events.

 

On May 24, 2018, the Company updated its Trustee compensation arrangements.  A summary of the Company’s currently effective Trustee compensation arrangements is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

 

Consistent with the Company’s Trustee compensation arrangements, on May 24, 2018, the Company awarded each of the Company’s Trustees 3,000 common shares of beneficial interest, $.01 par value, of the Company (the “Common Shares”) valued at $14.10 per share, the closing price of the Common Shares on The Nasdaq Stock Market LLC on that date.

 

Item 9.01.   Financial Statements and Exhibits.

 

(d)           Exhibits

 

10.1

Summary of Trustee Compensation

 

2



 

SIGNATURE

 

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 hereunto duly authorized.

 

 

GOVERNMENT PROPERTIES INCOME TRUST

 

 

 

 

 

 

 

By:

/s/ Mark L. Kleifges

 

Name:

Mark L. Kleifges

 

Title:

Chief Financial Officer and Treasurer

 

 

 

Date:  May 31, 2018