Business Context and Reporting Period
This Form 8-K filing by Ladder Capital Corp (LADR) reports on the Annual Meeting of Stockholders held on June 4, 2019. The company is incorporated in Delaware and its Class A common stock trades on the New York Stock Exchange.
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 matters and voting results.
Material Changes and Voting Results
The primary material event reported is the outcome of the stockholder vote on two proposals:
- Proposal 1: Election of Directors. Stockholders voted to re-elect Alan Fishman and elect Pamela McCormack and David Weiner as Class II Directors. Terms expire at the 2022 annual meeting.
- Proposal 2: Ratification of Auditors. Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2019.
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Alan Fishman | 49,579,633 | 25,337,539 | 32,180,738 |
| Pamela McCormack | 58,797,635 | 16,119,537 | 32,180,738 |
| David Weiner | 73,242,756 | 1,674,416 | 32,180,738 |
Auditor Ratification Results: 104,607,356 votes For, 2,206,665 votes Against, and 283,889 Abstentions.
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
- Alan Fishman received a significant number of withheld votes (25.3 million) compared to the other nominees, which may warrant review of shareholder sentiment regarding his tenure.
- Broker non-votes were substantial (32.1 million) for all director nominees, indicating a large portion of shares held in street name did not receive voting instructions.
- The appointment of PricewaterhouseCoopers LLP as the 2019 auditor was overwhelmingly ratified.
- No financial performance data is contained in this specific filing; investors should refer to the most recent 10-Q or 10-K for financial metrics.