Safehold Inc. New filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
The Board of Directors of Safehold Inc. (“SAFE” or the “Company”) previously adopted, subject to shareholder approval, an amendment (the “Amendment”) to the Safehold Inc. Amended and Restated 2009 Long-Term Incentive Plan (the “2009 LTIP”), which was approved by the Company’s shareholders on May 15, 2024 at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”). The Amendment increased the aggregate number of shares of common stock available for issuance by 1,000,000, from 57,397 (which was the number remaining available for grants under the 2009 LTIP on May 15, 2024) to 1,057,397, subject to adjustment as provided in the 2009 LTIP, with an equivalent increase to the number of shares of common stock available for grant pursuant to incentive stock options.
The foregoing description of the Amendment is qualified in its entirety by reference to the text of the 2009 LTIP, as amended, which is filed as Exhibit 10.1 hereto, and incorporated herein by reference.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 15, 2024, the Company held its Annual Meeting virtually, for the purpose of (i) electing six directors to hold office until the 2025 Annual Meeting of Stockholders, (ii) ratifying the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, (iii) approving the Amendment to the 2009 LTIP, and (iv) approving, on a non-binding, advisory basis, the compensation of the Company’s named executive officers (the “Say-on-Pay Vote”). The final voting results for each of the proposals submitted to a vote of shareholders at the annual meeting are set forth below.
Proposal 1. Election of Directors: At the Annual Meeting, six directors were elected for terms continuing until the 2025 Annual Meeting of Stockholders. For each nominee, the numbers of votes cast for, votes withheld and broker non-votes were as follows:
| Name of Nominees | For | Withheld | Broker Non-Votes | |||||||||
| Jay Sugarman | 61,004,395 | 1,122,251 | 4,562,106 | |||||||||
| Jesse Hom | 53,659,239 | 8,467,407 | 4,562,106 | |||||||||
| Robin Josephs | 60,578,278 | 1,548,368 | 4,562,106 | |||||||||
| Jay S. Nydick | 61,817,198 | 309,448 | 4,562,106 | |||||||||
| Barry Ridings | 52,933,514 | 9,193,132 | 4,562,106 | |||||||||
| Stefan M. Selig | 57,674,178 | 4,452,468 | 4,562,106 | |||||||||
Proposal 2. Ratification of the Appointment of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2024: At the Annual Meeting, the votes on a proposal to ratify the selection of Deloitte & Touche LLP as SAFE’s independent registered public accounting firm for the fiscal year ending December 31, 2024 were as set out below. The proposal was approved.
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 65,426,737 | 1,242,060 | 19,955 | 0 | |||||||||||
Proposal 3. Approval of the Amendment to the Safehold Inc. Amended and Restated 2009 Long-Term Incentive Plan: At the Annual Meeting, the votes on a proposal to approve an amendment to the Safehold Inc. Amended and Restated 2009 Long-Term Incentive Plan were as set out below. The proposal was approved.
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 59,827,609 | 2,214,169 | 84,868 | 4,562,106 | |||||||||||
Proposal 4. Non-Binding, Advisory Vote to Approve Executive Compensation (“Say-on-Pay”): At the Annual Meeting, the votes on a proposal to approve, on a non-binding, advisory basis, the compensation of SAFE’s named executive officers were as set out below. The proposal was approved.
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 44,026,066 | 18,052,015 | 48,565 | 4,562,106 | |||||||||||
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits
| Exhibit 10.1 | Amended and Restated 2009 Long-Term Incentive Plan |
| Exhibit 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Safehold Inc. | |||
| By: | /s/ Brett Asnas | ||
| Name: | Brett Asnas | ||
| Title: | Chief Financial Officer | ||
| Date: | May 16, 2024 |