Summary
Essex Property Trust, Inc. (ESS) held its Annual Meeting on May 12, 2020, where shareholders voted on key corporate matters. The meeting resulted in the election of all nominated directors to serve until the 2021 annual meeting. Additionally, shareholders ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020. A non-binding advisory vote also approved the compensation of the company's named executive officers.
Key Highlights
- 1All nominated directors were elected to the board for the upcoming year.
- 2KPMG LLP was ratified as the independent registered public accounting firm for FY2020.
- 3Shareholders provided advisory approval for named executive officer compensation.
- 4The meeting involved votes on director elections, auditor ratification, and executive compensation.
- 5A significant majority of votes were cast in favor of director nominees and auditor ratification.
- 6The advisory vote on executive compensation also received majority support.
Frequently Asked Questions
The main outcomes were the election of all director nominees, the ratification of KPMG LLP as the independent auditor for 2020, and the advisory approval of named executive officer compensation.
KPMG LLP was ratified as the company's independent registered public accounting firm for the year ending December 31, 2020.
Shareholders approved the company's named executive officer compensation on a non-binding advisory basis, with a majority of votes cast in favor.
While the proposals received majority support, there were some votes against the ratification of the auditor and the executive compensation. There were also some abstentions and broker non-votes on these items.