Consolidated Tomoka Announces Final Results of the 2019 Annual Meeting of Shareholders
April 25 2019 - 4:20PM
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”)
today announced the election results of the Company’s 2019 Annual
Meeting of Shareholders (the “2019 Annual Meeting”) that was held
on April 24, 2019 at LPGA International Golf Club in Daytona Beach,
Florida. The Company’s shareholders have re-elected John P.
Albright, Laura M. Franklin, Christopher W. Haga, Howard C. Serkin,
and Casey R. Wold, and elected George R. Brokaw and R. Blakeslee
Gable, to serve as members of the Company’s board of directors (the
“Board”) until the 2020 Annual Meeting of Shareholders, expected to
occur in April 2020. In addition, the Company’s shareholders took
the following actions at the 2019 Annual Meeting:
- Ratified the selection of Grant Thornton LLP to serve as the
independent registered public accounting firm of the Company for
2019.
- Approved a proposal for advisory approval of the Company’s 2019
executive compensation (the “Say-on-Pay Vote”).
In addition, immediately after the 2019 Annual
Meeting, the Board held a meeting at which Laura M. Franklin was
re-elected Chairman of the Board and Howard C. Serkin was
re-elected as Vice-Chairman of the Board. The Board also ratified
the continued appointments of the following officers of the
Company:
John P. Albright, President and Chief Executive
Officer
Mark E. Patten, Senior Vice President and Chief
Financial Officer
Steven R. Greathouse, Senior Vice President –
Investments
Daniel E. Smith, Senior Vice President, General
Counsel and Corporate Secretary
Teresa J. Thornton-Hill, Vice President –
Associate General Counsel and Assistant Corporate Secretary
E. Scott Bullock, Vice President – Real
Estate
Lisa M. Vorakoun, Vice President –
Controller
About Consolidated-Tomoka Land
Co.Consolidated-Tomoka Land Co. is a Florida-based
publicly traded real estate company, which owns over 2.3 million
square feet of income properties in diversified markets in the
United States, as well as approximately 5,400 acres of land in the
Daytona Beach area. Visit our website at www.ctlc.com.
We encourage you to review our most recent
investor presentations which are available on our website
at www.ctlc.com.
SAFE HARBOR
Certain statements contained in this press
release (other than statements of historical fact) are
forward-looking statements. Words such as “believe,” “estimate,”
“expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,”
“plan,” “potential,” “predict,” “forecast,” “project,” and similar
expressions and variations thereof identify certain of such
forward-looking statements, which speak only as of the dates on
which they were made. Although forward-looking statements are made
based upon management’s expectations and beliefs concerning future
developments and their potential effect upon the Company, a number
of factors could cause the Company’s actual results to differ
materially from those set forth in the forward-looking statements.
Such factors may include the completion of 1031 exchange
transactions, the modification of terms of certain land sales
agreements, uncertainties associated with obtaining required
governmental permits and satisfying other closing conditions, as
well as the uncertainties and risk factors discussed in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2018, as
filed with the Securities and Exchange Commission. There can be no
assurance that future developments will be in accordance with
management’s expectations or that the effect of future developments
on the Company will be those anticipated by management.
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Contact: |
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Mark E. Patten, Sr.
Vice President |
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mpatten@ctlc.com |
Phone: |
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(386) 944-5643 |
Facsimile: |
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(386) 274-1223 |
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