8-K
Clipper Realty Inc. (CLPR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June **** 18 , 20 20
CLIPPER REALTY INC.
(Exact Name of Registrant as Specified in Charter)
| Maryland | **** 001-38010 | 47-4579660 |
|---|---|---|
| (State or Other | (Commission | (IRS Employer |
| Jurisdiction of | File Number) | Identification No.) |
| Incorporation) |
| 4611 12th Avenue, Suite 1L Brooklyn, New York | 11219 |
|---|---|
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (718) 438-2804
Former name or former address, if changed since last report: N/A
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 Instructions A.2.):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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).
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock, par value $0.01 per share | CLPR | New York Stock Exchange |
Item 5 .0 7 . **** Submission of Matters to a Vote of Security Holders
On June 18, 2020, Clipper Realty Inc. (the “Company”) held its 2020 Annual Meeting of Stockholders (the “Annual Meeting”). The stockholders of the Company approved all of the proposals presented at the Annual Meeting, which are described in detail in the Company’s Definitive Proxy Statement on Schedule 14A that was filed with the Securities and Exchange Commission on April 29, 2020 (the “Proxy Statement”).
The following are the voting results of the proposals submitted to the Company’s stockholders at the Annual Meeting:
Proposal 1: The election of the seven director nominees named in the Proxy Statement.
| Director Nominee | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| David Bistricer | 39,049,378 | 1,398,664 | 1,919,894 |
| Sam Levinson | 38,871,508 | 1,576,534 | 1,919,894 |
| Howard M. Lorber | 36,024,936 | 4,423,106 | 1,919,894 |
| Robert J. Ivanhoe | 35,776,864 | 4,671,178 | 1,919,894 |
| Roberto A. Verrone | 38,873,130 | 1,574,912 | 1,919,894 |
| Harmon S. Spolan | 38,469,080 | 1,978,962 | 1,919,894 |
| Richard N. Burger | 40,297,755 | 150,287 | 1,919,894 |
Proposal 2: The ratification of the appointment of BDO USA, LLP, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020.
| For | Against | Abstain |
|---|---|---|
| 42,358,192 | 6,702 | 3,042 |
Proposal 3: The approval of an amendment of the Company’s 2015 Omnibus Incentive Compensation Plan to increase the number of shares of the Company’s common stock issuable under the plan.
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 40,171,554 | 275,388 | 1,100 | 1,919,894 |
Proposal 4: The approval of an amendment of the Company’s 2015 Non-Employee Director Plan to increase the number of shares of the Company’s common stock issuable under the plan.
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 40,154,888 | 291,054 | 2,100 | 1,919,894 |
SIGNATURE
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.
| Clipper Realty Inc. | |
|---|---|
| (Registrant) | |
| By: | /s/ David Bistricer |
| Name: | David Bistricer |
| Title: | Co-Chairman and Chief Executive Officer |
Date: June 18, 2020