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Hospitality Investors Trust (HPITQ)

Employees
Data from SEC filings
Employee count
Shareholder alignment
Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM


On August 5, 2020, Hospitality Investors Trust, Inc. (the “Company”) held its 2020 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted on: (i) the election of Edward A. Glickman, Stephen P. Joyce, Jonathan P. Mehlman, Stanley R. Perla and Abby M. Wenzel to the Company’s Board of Directors for one-year terms until the 2021 Annual Meeting of Stockholders and until their respective successor is duly elected and qualified; (ii) the adoption of a non-binding advisory resolution approving the compensation for the Company’s named executive officers; (iii) the frequency of future advisory votes on named executive officer compensation on a non-binding and advisory basis; and (iv) the ratification of the appointment of KPMG LLP (“KPMG”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020. The Company’s stockholders elected all five nominees for director; adopted a non-binding advisory resolution approving the compensation for the named executive officers; approved, on a non-binding and advisory basis, an annual advisory vote on named executive officer compensation; and ratified the appointment of KPMG. Two additional directors who are not elected at the Annual Meeting, Bruce G. Wiles and Lowell G. Baron, were elected by Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC pursuant to its rights as the holder of the sole outstanding share of a series of the Company’s preferred stock designated as the Redeemable Preferred Share, par value $0.01 per share. The full results of the matters voted on at the Annual Meeting are set forth below:

Proposal 1 – Election of Directors

NomineeVotes ForVotes AgainstAbstainBroker Non-Votes
Edward A. Glickman16,453,1172,458,8372,121,029*
Stephen P. Joyce16,451,7902,448,3832,132,810*
Jonathan P. Mehlman16,339,7502,575,1052,118,128*
Stanley R. Perla16,352,0562,541,2322,139,695*
Abby M. Wenzel16,495,4732,457,7272,079,783*


Proposal 2 - Adopt a non-binding advisory resolution approving the compensation for the Company’s named executive officers.

Votes ForVotes AgainstAbstainBroker Non-Votes
14,082,9473,928,0863,021,950*


Proposal 3 - To vote, on a non-binding and advisory basis, on the frequency of future advisory votes on named executive officer compensation.



One YearTwo YearsThree YearsAbstainBroker Non-Votes
17,368,960540,233587,2122,536,578*




The Company’s Board of Directors has determined that it will conduct the non-binding advisory vote on the compensation for its named executive officers every year until the next required advisory vote on the frequency of the non-binding advisory vote on named executive officer compensation.



Proposal 4 – Ratification of the Appointment of KPMG as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2020:

Votes ForVotes AgainstAbstainBroker Non-Votes
18,741,047834,7141,457,222*


*No broker non-votes were recorded in connection with Proposal No. 1, Proposal No. 2., Proposal No. 3, and Proposal 4


No other proposals were submitted to a vote of the Company’s stockholders at the Annual Meeting.