Business Context and Reporting Period
This Form 8-K filing by NexPoint Residential Trust, Inc. reports on the results of the Annual Meeting of Stockholders held on May 15, 2018. The record date for the meeting was April 6, 2018, with 20,894,327 shares of common stock entitled to vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
All matters submitted for approval were approved by the stockholders. The specific voting outcomes were as follows:
- Election of Directors: Six directors were elected for terms expiring at the 2019 annual meeting.
- James Dondero: 13,681,079 votes for; 277,695 withheld.
- Brian Mitts: 12,901,215 votes for; 1,057,559 withheld.
- Edward Constantino: 13,773,130 votes for; 185,644 withheld.
- Scott Kavanaugh: 10,889,971 votes for; 3,068,802 withheld.
- Arthur Laffer: 13,712,009 votes for; 246,764 withheld.
- Ratification of Auditors: The appointment of KPMG LLP as the independent registered public accounting firm for 2018 was ratified with 18,615,202 votes for, 49,412 against, and 71,004 abstentions.
Broker non-votes totaled 4,776,844 shares for all matters.
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
- Confirmation that all six director nominees were successfully re-elected.
- Verification that KPMG LLP was ratified as the independent auditor for 2018.
- Review of the proxy statement filed on April 11, 2018, for details on the matters approved.
- Analysis of the significant number of broker non-votes (4,776,844 shares) relative to the total shares entitled to vote.