Summit Hotel Properties, Inc 8-K, filed May 25, 2023
Summit Hotel Properties, Inc. (INN)
About this 8-K
Summit Hotel Properties, Inc filed this 8-K on May 25, 2023, reporting on events of May 24, 2023.
Items reported
- Item 5.07: Shareholder vote results
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 24, 2023, the Company held its Annual Meeting of Stockholders (the “Annual Meeting”). There were 106,901,576 shares of common stock of the Company represented in person or by proxy at the meeting, constituting 90.81% of the outstanding shares of common stock on March 7, 2023, the record date for the Annual Meeting.
The matters voted upon at the Annual Meeting and the final results of such voting are set forth below:
Proposal 1: To elect eight directors to the Company’s Board of Directors.
| Name | For | Against | Abstain | Broker Non-Votes | ||||||||
| Bjorn R.L. Hanson | 88,548,616 | 2,395,721 | 30,015 | 6,108,160 | ||||||||
| Jeffrey W. Jones | 89,913,195 | 1,037,538 | 23,619 | 6,108,160 | ||||||||
| Kenneth J. Kay | 89,761,458 | 1,189,249 | 23,645 | 6,108,160 | ||||||||
| Mehul B. Patel | 90,383,660 | 566,785 | 23,907 | 6,108,160 | ||||||||
| Amina Belouizdad Porter | 89,024,341 | 1,925,961 | 24,050 | 6,108,160 | ||||||||
| Jonathan P. Stanner | 90,203,358 | 742,122 | 28,872 | 6,108,160 | ||||||||
| Thomas W. Storey | 88,560,562 | 2,384,965 | 28,825 | 6,108,160 | ||||||||
| Hope S. Taitz | 75,101,846 | 15,848,754 | 23,752 | 6,108,160 |
All director nominees were duly elected at the Annual Meeting. Each of the individuals named in the above table will serve as director until the Company’s 2024 annual meeting of stockholders and until his or her successor is duly elected and qualified.
Proposal 2: To ratify the appointment of Ernst & Young LLP.
| For | Against | Abstain | Broker Non-Votes | |||
| 96,072,858 | 981,570 | 28,084 | N/A |
At the Annual Meeting, stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
Proposal 3: To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers.
| For | Against | Abstain | Broker Non-Votes | |||
| 87,422,835 | 3,508,711 | 42,806 | 6,108,160 |
At the Annual Meeting, stockholders approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers.
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 thereunto duly authorized.
| SUMMIT HOTEL PROPERTIES, INC. | ||
| By: | /s/ Christopher R. Eng | |
| Christopher R. Eng | ||
| Executive Vice President, General Counsel, | ||
| Dated: May 25, 2023 | Chief Risk Officer and Secretary | |