Business Context and Reporting Period
This Form 8-K filing by Inland American Real Estate Trust, Inc. (not Inventrust Properties Corp.) reports on the 2014 Annual Meeting of Stockholders held on December 15, 2014. The report was filed on December 17, 2014.
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 and Voting Results
Stockholders voted on two proposals at the annual meeting. A total of 522,296,024 shares were present, representing approximately 60.6% of the 861,824,767 outstanding shares entitled to vote.
Proposal 1: Election of Directors
Seven nominees were elected to the Board of Directors. The voting results were as follows:
| Nominee | For | Withhold | Broker Non-Votes |
|---|---|---|---|
| J. Michael Borden | 348,788,207 | 17,326,324 | 156,181,493 |
| Thomas F. Glavin | 349,385,699 | 16,728,832 | 156,181,493 |
| Brenda G. Gujral | 348,675,152 | 17,439,379 | 156,181,493 |
| Thomas F. Meagher | 348,413,129 | 17,701,402 | 156,181,493 |
| Robert D. Parks | 349,132,399 | 16,982,132 | 156,181,493 |
| Paula Saban | 349,271,790 | 16,842,741 | 156,181,493 |
| William J. Wierzbicki | 349,142,873 | 16,971,658 | 156,181,493 |
Proposal 2: Ratification of Auditors
Stockholders approved the selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2014.
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 505,626,729 | 6,918,703 | 9,750,592 | 0 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document serves solely to disclose the results of the stockholder vote.
Key Facts for Investor Verification
- Verify the company name is Inland American Real Estate Trust, Inc., as the input metadata referenced Inventrust Properties Corp.
- Confirm the successful election of all seven director nominees.
- Note the significant number of broker non-votes (156,181,493) on the director election, which did not affect the outcome but indicates shares held in street name where brokers lacked discretionary authority.
- Confirm the ratification of KPMG LLP as the independent auditor.