BDN 8-K
Brandywine Realty Trust (BDN)
8-K
2023-05-26
For: 2023-05-25
View Original
Added on
April 08, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 25, 2023
(Exact name of registrant as specified in charter)
(Brandywine Realty Trust) | ||||||||||||||||||||||||||
(Brandywine Operating Partnership, L.P.) | ||||||||||||||||||||||||||
(State or Other Jurisdiction of Incorporation or Organization) | (Commission file number) | (I.R.S. Employer Identification Number) | ||||||||||||||||||||||||
(Address of principal executive offices) (Zip Code)
(610 ) 325-5600
(Registrant’s telephone number, including area code)
(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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
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).
Brandywine Realty Trust:
Emerging growth company ☐
Brandywine Operating Partnership, L.P.:
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.
Brandywine Realty Trust: ☐
Brandywine Operating Partnership, L.P.: ☐
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting of Shareholders of Brandywine Realty Trust was held on May 25, 2023. At the Annual Meeting, the Company’s shareholders voted on: (1) the election of seven trustees, each to serve for a term expiring at the 2024 annual meeting of shareholders and until his or her successor is duly elected and qualified; (2) the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for calendar year 2023; (3) a non-binding, advisory vote regarding the compensation of our named executive officers; (4) a non-binding, advisory vote regarding the frequency of an advisory vote on Executive Compensation; and (5) adoption of the 2023 Long-Term Incentive Plan. The voting results on these proposals were as follows:
PROPOSAL 1. Election of Trustees to serve until the next annual meeting of shareholders and until their successors are elected and qualified.
| Trustee | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||
| James C. Diggs | 133,854,838 | 4,123,834 | 891,915 | 12,361,207 | ||||||||||
| Reginald DesRoches | 134,775,578 | 3,199,640 | 895,369 | 12,361,207 | ||||||||||
| H. Richard Haverstick, Jr. | 134,584,589 | 3,391,232 | 894,766 | 12,361,207 | ||||||||||
| Terri Herubin | 118,620,088 | 19,375,004 | 875,495 | 12,361,207 | ||||||||||
| Joan Lau | 137,253,809 | 1,428,456 | 188,322 | 12,361,207 | ||||||||||
| Charles P. Pizzi | 129,376,498 | 8,604,769 | 889,320 | 12,361,207 | ||||||||||
| Gerard H. Sweeney | 137,345,255 | 1,322,914 | 202,418 | 12,361,207 | ||||||||||
PROPOSAL 2. Ratification of the Appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accountants for calendar year 2023.
| Votes For | Votes Against | Abstentions | ||||||
| 147,864,111 | 3,102,419 | 265,264 | ||||||
PROPOSAL 3. Advisory, non-binding vote on Executive Compensation.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 127,990,884 | 10,608,349 | 271,354 | 12,361,207 | ||||||||
PROPOSAL 4. Advisory, non-binding vote on frequency of an advisory vote on Executive Compensation.
| 1 YEAR | 2YEARS | 3 YEARS | Abstentions | Broker Non-Votes | ||||||||||
| 134,846,302 | 72,830 | 3,747,422 | 204,033 | 12,361,207 | ||||||||||
The Company has considered the shareholder vote regarding the frequency of shareholder advisory votes on the compensation of the named executive officers of the Company and intends to hold an advisory vote on the compensation of the named executive officers every year until the next vote on frequency, which will be no later than the Company’s Annual Meeting of Stockholders in 2029.
PROPOSAL 5. Adoption of the 2023 Long-Term Incentive Plan.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||
| 128,462,564 | 10,143,931 | 264,092 | 12,361,207 | ||||||||
Item 9.01 Financial Statements and Exhibits
| Exhibit | Description | |||||||
| 10.1 | ||||||||
Signatures
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.
BRANDYWINE REALTY TRUST | |||||||||||
| By: | /s/ Gerard H. Sweeney | ||||||||||
| Gerard H. Sweeney | |||||||||||
| President and Chief Executive Officer | |||||||||||
BRANDYWINE OPERATING PARTNERSHIP, L.P. | |||||||||||
BY: | BRANDYWINE REALTY TRUST, ITS GENERAL PARTNER | ||||||||||
BY: | /s/ Gerard H. Sweeney | ||||||||||
| Gerard H. Sweeney | |||||||||||
| President and Chief Executive Officer | |||||||||||
Date: May 26, 2023