MPG Office Trust Stockholders Elect Directors at Annual Meeting
July 30 2012 - 8:30AM
Business Wire
MPG Office Trust, Inc. (NYSE: MPG), a
Southern California-focused real estate investment trust,
today announced that, at its Annual Meeting of Stockholders held
July 27, 2012, the Company’s common stockholders voted to elect its
six director-nominees, Christine N. Garvey, Michael J.
Gillfillan, Joseph P. Sullivan, George A. Vandeman,
Paul M. Watson and David L. Weinstein, to serve until the
2013 Annual Meeting and until their successors are duly elected and
qualify. The Series A preferred stockholders voted to elect its
two director-nominees, Robert M. Deutschman and Edward J.
Ratinoff, to serve a one-year term and until their successors are
duly elected and qualify. Additionally, the stockholders adopted a
resolution approving the compensation of certain executives of the
Company, and ratified the selection of KPMG LLP as the
Company’s independent registered public accounting firm for the
fiscal year ending December 31, 2012.
About MPG Office Trust,
Inc.
MPG Office Trust, Inc. is the largest owner and
operator of Class A office properties in the Los Angeles
Central Business District. MPG Office Trust, Inc. is a
full-service real estate company with substantial in-house
expertise and resources in property management, leasing and
financing. For more information on MPG Office Trust,
visit our website at www.mpgoffice.com.
Business Risks
This press release contains forward-looking statements based on
current expectations, forecasts and assumptions that involve risks
and uncertainties that could cause actual outcomes and results to
differ materially. These risks and uncertainties include, without
limitation: risks associated with our liquidity situation,
including our failure to obtain additional capital or extend or
refinance debt maturities; risks associated with our failure to
reduce our significant level of indebtedness; risks associated with
the timing and consequences of loan defaults and non-core asset
dispositions; risks associated with our loan modification and asset
disposition efforts, including potential tax ramifications; risks
associated with our ability to dispose of properties with potential
value above the debt, if and when we decide to do so, at prices or
terms set by or acceptable to us; general risks affecting the real
estate industry (including, without limitation, the inability to
enter into or renew leases at favorable rates, dependence on
tenants’ financial condition, and competition from other
developers, owners and operators of real estate); risks associated
with the continued disruption of credit markets or a global
economic slowdown; risks associated with the potential loss of key
personnel (most importantly, members of senior management); risks
associated with joint ventures; risks associated with our failure
to maintain our status as a REIT under the Internal Revenue Code of
1986, as amended, and possible adverse changes in tax and
environmental laws; and potential liability for uninsured losses
and environmental contamination.
For a further list and description of such risks and
uncertainties, see our Annual Report on Form 10-K filed
on March 15, 2012 with the Securities and Exchange
Commission. The Company does not update forward-looking statements
and disclaims any intention or obligation to update or revise them,
whether as a result of new information, future events or
otherwise.
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