Broadstone Net Lease, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders held by Broadstone Net Lease, Inc. on May 20, 2021. The record date for the meeting was March 29, 2021, with 145,811,805 shares of common stock issued and outstanding entitled to vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
The stockholders voted on two primary proposals:
- Election of Directors: All nine nominees were elected to serve until the 2022 annual meeting. The nominees received significant support, though some faced notable "Against" votes:
| Nominee | Votes For | Votes Against | Abstained |
|---|---|---|---|
| Laurie A. Hawkes | 81,969,776 | 2,400,447 | 1,205,766 |
| Denise Brooks-Williams | 82,317,648 | 2,358,660 | 899,681 |
| Michael A. Coke | 78,827,894 | 5,787,865 | 960,230 |
| Christopher J. Czarnecki | 81,890,333 | 2,765,635 | 920,021 |
| David M. Jacobstein | 82,072,102 | 2,589,629 | 914,258 |
| Agha S. Khan | 81,831,707 | 2,615,364 | 1,128,918 |
| Shekar Narasimhan | 81,846,717 | 2,822,214 | 907,058 |
| Geoffrey H. Rosenberger | 79,544,224 | 5,103,195 | 928,570 |
| James H. Watters | 79,516,793 | 5,100,089 | 959,107 |
- Ratification of Auditors: Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
Auditor Vote Breakdown:
- Votes For: 97,915,093
- Votes Against: 1,187,835
- Abstained: 1,304,836
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific reasons for the "Against" votes cast for directors Michael A. Coke, Geoffrey H. Rosenberger, and James H. Watters, which exceeded 5 million votes each.
- Confirm the total number of broker non-votes (14,831,775) and their impact on the quorum and voting thresholds.
- Review the full proxy statement for details on director qualifications and any shareholder proposals that may have been withdrawn or not included.