Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Innovative Industrial Properties, Inc. on May 23, 2018. The company is incorporated in Maryland and identifies as an emerging growth company.
Key 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 voting results.
Material Changes and Voting Results
Stockholders voted on two proposals during the meeting:
- Proposal 1: Election of Directors
- Alan Gold: Elected (3,083,980 For; 24,066 Withheld).
- Gary Kreitzer: Elected (2,215,630 For; 892,416 Withheld).
- Scott Shoemaker: Elected (2,209,808 For; 898,238 Withheld; 2,750,026 Broker Non-Votes).
- Paul Smithers: Elected (3,088,514 For; 19,532 Withheld).
- David Stecher: Elected (2,220,089 For; 887,957 Withheld).
- Proposal 2: Ratification of Auditors
- BDO USA, LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2018.
- Votes: 5,829,286 For; 17,668 Against; 11,118 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the tenure of the newly elected directors (serving until the 2019 annual meeting).
- Confirm the appointment of BDO USA, LLP as the auditor for the fiscal year ending December 31, 2018.
- Note the significant number of broker non-votes recorded for director Scott Shoemaker.