Office Properties Income Trust Announces Annual Meeting Results and Officer Promotion
May 27 2020 - 6:05PM
Business Wire
Office Properties Income Trust (Nasdaq: OPI) today announced the
results of its 2020 Annual Meeting of Shareholders which was held
today.
David M. Blackman was re-elected as a Managing Trustee. The
final tabulation of the percentage of shareholders’ votes cast for
this Trustee is as follows:
Managing
Trustee
Percentage
of Shares Voted – For
David M. Blackman
97.0%
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:
Independent
Trustee
Percentage
of Shares Voted – For
Donna D. Fraiche
79.4%
Jeffrey P. Somers was re-elected as an Independent Trustee. The
final tabulation of the percentage of shareholders’ votes cast for
this Trustee is as follows:
Independent
Trustee
Percentage
of Shares Voted – For
Jeffrey P. Somers
67.8%
Shareholders approved an amendment to OPI’s Declaration of Trust
to provide for the annual election of all Trustees beginning in
2023:
Proposal
Percentage
of Shares Outstanding Voted – For
Annual Election of Trustees
71.3%
Shareholders voted to approve executive compensation by means of
an advisory vote:
Proposal
Percentage
of Shares Voted – For
Approval of Executive
Compensation
92.3%
Shareholders approved the Amended and Restated 2009 Incentive
Share Award Plan to increase the number of shares outstanding under
the plan to an aggregate of 1,500,000 and extend the term of the
plan to May 27, 2030:
Proposal
Percentage
of Shares Voted – For
Approval of Amended and Restated
Incentive Share Award Plan
95.3%
Shareholders ratified the appointment of Ernst & Young LLP
as OPI’s independent auditors for the 2020 fiscal year:
Proposal
Percentage
of Shares Voted – For
Ratification of Independent
Auditors
98.0%
In addition, the Board of Trustees promoted Christopher J.
Bilotto, the company’s Vice President to the offices of Vice
President and Chief Operating Officer. Mr. Bilotto is also Vice
President of The RMR Group LLC and is responsible for portfolio
management oversight for all office, industrial and retail
properties managed by RMR and is also responsible for development
and redevelopment across the United States. Since joining RMR LLC
in 2011, Mr. Bilotto also worked as Senior Area Director of RMR
LLC’s West Region. Mr. Bilotto has more than 15 years of experience
working in the commercial real estate industry, specializing in
asset management, leasing and development.
Office Properties Income Trust is a REIT focused on owning,
operating and leasing properties primarily leased to single tenants
and those with high credit quality characteristics such as
government entities. OPI 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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Olivia Snyder, Manager, Investor Relations (617) 219-1410
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