Business Context and Reporting Period
This Form 8-K filing by Alexander's, Inc. reports on the results of the 2010 Annual Meeting of Stockholders held on May 13, 2010. The record date for voting was March 15, 2010, with 5,105,936 shares of common stock outstanding.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes and Voting Results
Approximately 99% of the shares entitled to vote (5,037,374 shares) were present or represented by proxy. Two proposals were voted upon:
- Proposal 1: Election of Directors
- Michael D. Fascitelli: 4,596,386 votes For; 234,661 votes Withheld; 206,327 Broker Non-Votes.
- Thomas R. DiBenedetto: 4,804,071 votes For; 26,976 votes Withheld; 206,327 Broker Non-Votes.
- Proposal 2: Ratification of Auditors
- Deloitte & Touche LLP: 5,035,084 votes For; 2,253 votes Against; 37 votes Abstain.
Steven Roth, Dr. Richard R. West, Arthur I. Sonnenblick, David Mandelbaum, Russell B. Wight, Jr., and Neil Underberg continue to serve as Directors.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, or contingencies. It is strictly a disclosure of shareholder voting outcomes.
Key Facts for Investor Verification
- Verify the re-election of Michael D. Fascitelli and Thomas R. DiBenedetto to the Board of Directors.
- Confirm the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2010.
- Note the high level of shareholder participation (approx. 99%) at the annual meeting.
- Review the full list of continuing directors to understand the complete composition of the Board.