Business Context and Reporting Period
This Form 8-K reports on the reconvened 2017 Annual Meeting of stockholders for American Realty Capital New York City REIT, Inc., held on August 2, 2017. The meeting was initially called on June 27, 2017, and reconvened on July 19, 2017, and August 2, 2017, to facilitate further vote solicitation.
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 and voting results.
Material Changes and Voting Results
At the reconvened meeting, 19,492,831 shares were present out of 30,882,271 shares issued and outstanding. Stockholders approved the following:
- Election of Directors: Edward M. Weil, Jr., Elizabeth K. Tuppeny, Lee M. Elman, and Abby M. Wenzel were elected to the Board for one-year terms.
- Ratification of Auditors: KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2017.
Proposals 3 through 11, regarding charter amendments, were not voted on at this session. The meeting was adjourned to permit further solicitation and will reconvene on September 7, 2017.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on operations, or specific risk factors. The primary contingency noted is the requirement to reconvene the meeting on September 7, 2017, to vote on charter amendments. The Board established August 2, 2017, as the new record date for the reconvened meeting.
Investor Verification Checklist
- Verify the outcome of Proposals 3-11 (Charter Amendments) at the September 7, 2017, reconvened meeting.
- Confirm the new record date of August 2, 2017, for determining stockholder eligibility for the September meeting.
- Review the definitive proxy statement dated April 24, 2017, for details on the proposed charter amendments.
- Monitor subsequent filings for the final results of the September 7, 2017, meeting.