Brookdale Senior Living Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K covers the annual meeting of stockholders held by Brookdale Senior Living Inc. on June 12, 2012. The report was filed on June 15, 2012.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Director Elections: Jeffrey R. Leeds, Mark J. Schulte, and Dr. Samuel Waxman were reelected as Class III directors for a three-year term. The terms of Wesley R. Edens, Frank M. Bumstead, Jackie M. Clegg, Randal A. Nardone, James R. Seward, and W.E. Sheriff continued.
- Auditor Ratification: Stockholders approved the appointment of Ernst & Young LLP as the independent registered public accounting firm for the 2012 fiscal year.
- Executive Compensation: Stockholders voted on an advisory basis to approve the compensation paid to named executive officers.
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
- Mark J. Schulte received a significant number of "Withhold Authority" votes (54,311,711) compared to "Votes For" (56,209,333), indicating notable shareholder dissent despite his reelection.
- The advisory vote on executive compensation passed overwhelmingly with 110,322,742 votes for and only 143,278 votes against.
- Ernst & Young LLP was ratified as the auditor with 107,504,198 votes for and 8,474,088 votes against.
- Broker non-votes totaled 5,559,373 for the director elections and the executive compensation proposal.