Hospitality Properties Trust Announces Annual Meeting Results
June 13 2019 - 4:35PM
Business Wire
Hospitality Properties Trust (Nasdaq: HPT) today announced the
results of its 2019 Annual Meeting of Shareholders, which was held
today.
Donna D. Fraiche was re-elected as an
Independent Trustee. The final tabulation of the percentage of
shareholders’ votes cast for this Trustee is as follows:
Trustee
Percentage of Shares
Voted For
Donna D. Fraiche 59.0%
Adam D. Portnoy was re-elected as a Managing Trustee. The final
tabulation of the percentage of shareholders’ votes cast for this
Trustee is as follows:
Trustee
Percentage of Shares
Voted For
Adam D. Portnoy 57.8%
Shareholders approved a non-binding advisory resolution to
approve the compensation of its named executive officers.
Proposal
Percentage of Shares
Voted For
Resolution to Approve Executive Compensation 56.3%
Shareholders ratified the appointment of Ernst & Young LLP
as RMR’s independent auditors to serve for the 2019 fiscal year.
The final tabulation of the percentage of shareholders’ votes cast
for this proposal is as follows:
Proposal
Percentage of Shares
Voted For
Ratification of Independent Auditors 98.7%
Shareholders approved an amendment to the Company’s Declaration
of Trust so that in a contested election Trustees are elected by a
plurality of the votes cast by shareholders.
Proposal
Percentage of Shares
Outstanding For
Plurality Vote in Contested Elections 76.3%
Hospitality Properties Trust is a real estate investment trust,
or REIT, which owns a diverse portfolio of hotels and travel
centers located in 45 states, Washington, DC, Puerto Rico and
Canada. HPT's properties are operated under long term management or
lease agreements. HPT 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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version on businesswire.com: https://www.businesswire.com/news/home/20190613005763/en/
Katie Strohacker, Senior Director, Investor Relations(617)
796-8232www.hptreit.com
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