Business Context and Reporting Period
This Form 8-K filing by BRT Apartments Corp. reports on the results of the annual meeting of stockholders held on March 12, 2019. The report was filed on March 14, 2019.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes are reported in this filing. The primary event is the successful approval of all proposals presented at the annual meeting.
Management Commentary and Voting Results
All proposals submitted to the stockholders were approved. The specific results were:
- Proposal 1 (Election of Directors): Four directors were elected to serve until the 2022 annual meeting.
- Matthew J. Gould: 11,535,819 For; 242,502 Against; 21,681 Abstain.
- Louis C. Grassi: 10,411,246 For; 1,372,074 Against; 16,682 Abstain.
- Israel Rosenzweig: 11,527,012 For; 251,303 Against; 21,686 Abstain.
- Jeffrey Rubin: 11,635,058 For; 148,236 Against; 16,708 Abstain.
- Proposal 2 (Ratification of Auditors): The appointment of BDO USA, LLP as the independent registered public accounting firm was ratified.
- Votes: 14,796,884 For; 49,555 Against; 28,963 Abstain.
Investor Verification Checklist
- Verify the definitive proxy statement dated January 22, 2019, for detailed background on the director nominees and auditor appointment.
- Confirm the tenure of the newly elected directors extends through the 2022 annual meeting.
- Note that a significant number of broker non-votes (3,075,400) were recorded for the director elections, which is typical for uncontested elections but worth noting for governance analysis.