Apple REIT Nine, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Apple REIT Nine, Inc. on May 10, 2010, reporting events occurring on May 6, 2010. The filing addresses the results of the Company's Annual Meeting of Shareholders held to elect directors to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance matters and does not contain financial performance data.
Material Changes
The primary material event reported is the uncontested election of two directors, Michael S. Waters and Robert M. Wily, to additional three-year terms on the Board of Directors. No other material changes to the company's operations or financial structure are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document strictly reports the voting results of the shareholder meeting.
Key Facts for Investor Verification
- Voting Participation: A total of 109,363,945 votes were represented at the Annual Meeting.
- Director Election Results:
- Michael S. Waters: Elected with 108,662,859 votes for and 701,086 votes withheld/against.
- Robert M. Wily: Elected with 108,610,475 votes for and 753,470 votes withheld/against.
- Continuing Directors: Glade M. Knight, Lisa B. Kern, and Bruce H. Matson continued their terms as directors.
- Term Length: The elected directors were nominated for an additional three-year term.