Business Context and Reporting Period
This Form 8-K is a current report filed by Resource Capital Corp. (not ACRES Commercial Realty Corp. as indicated in metadata) on June 29, 2010, covering events occurring on June 24, 2010. The filing reports the results of the company's Annual Meeting of Stockholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report and does not contain financial performance data.
Material Changes
The primary event reported is the re-election of the board of directors. No other material changes or corporate actions were voted on at the meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risks, contingencies, or unusual items. It strictly details the voting results for the director elections.
Important Facts for Investors
- Company Name Discrepancy: The metadata lists "ACRES Commercial Realty Corp.," but the filing is for "Resource Capital Corp." Investors should verify the correct entity.
- Board Re-election: All eight nominated directors were re-elected to serve until the 2011 annual meeting.
- Voting Results:
- Walter T. Beach: 20,304,651 for; 993,877 withheld.
- Edward E. Cohen: 18,815,860 for; 2,482,668 withheld.
- Jonathan Z. Cohen: 19,000,884 for; 2,297,643 withheld.
- William B. Hart: 20,296,743 for; 1,001,785 withheld.
- Gary Ickowicz: 20,345,266 for; 953,262 withheld.
- Steven J. Kessler: 19,615,740 for; 1,682,788 withheld.
- Murray S. Levin: 19,771,926 for; 1,526,602 withheld.
- P. Sherrill Neff: 19,593,797 for; 1,704,731 withheld.
- No Other Matters: No other proposals were submitted to a vote of security holders.