Saul Centers Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits
$BFS
Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
| FORM | |||||
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 17, 2024
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 17, 2024, the Company held its Annual Meeting of Stockholders, at which Philip D. Caraci, Willoughby B. Laycock, LaSalle D. Leffall III, Earl A. Powell III, and Mark Sullivan III were elected to the Board of Directors for three-year terms expiring at the 2027 Annual Meeting. The Board members whose terms did not expire as of the May 17, 2024 meeting continue as directors of the Company. Holders of 23,034,833 shares of the Company’s common stock voted in person at the meeting or by proxy (representing 96.1% of the 23,981,695 shares eligible to vote) as follows:
In Favor | Withheld | Not Voted | |||||||||
| Philip D. Caraci | 15,205,622 | 6,845,250 | 983,961 | ||||||||
| Willoughby B. Laycock | 21,114,789 | 936,083 | 983,961 | ||||||||
| LaSalle D. Leffall III | 22,000,372 | 50,500 | 983,961 | ||||||||
| Earl A. Powell III | 21,943,053 | 107,819 | 983,961 | ||||||||
| Mark Sullivan III | 21,817,106 | 233,766 | 983,961 | ||||||||
The stockholders voted in favor of the ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm as follows:
In Favor | Opposed | Abstain | |||||||||
| 23,013,333 | 9,068 | 12,432 | |||||||||
The stockholders voted to approve the Company's 2024 Stock Incentive Plan.
In Favor | Opposed | Abstain | Not Voted | |||||||||||
| 14,887,693 | 7,143,085 | 20,094 | 983,961 | |||||||||||
The stockholders voted to approve an amendment to our charter to increase the number of authorized shares of common stock of the Company, par value $0.01 per share, from 40 million to 50 million shares and increase the number of authorized shares of excess stock, par value $0.01 per share, from 41 million to 51 million shares.
In Favor | Opposed | Abstain | Not Voted | |||||||||||
| 21,931,419 | 103,018 | 16,435 | 983,961 | |||||||||||
Item 8.01. Other Events.
The Company posted on its web site, www.saulcenters.com, an annual presentation summarizing various operating results and business activities. The presentation is filed as Exhibit 99.(a) to this current report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.(a) Annual Presentation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SAUL CENTERS, INC.
By: /s/ Carlos L. Heard
Carlos L. Heard
Senior Vice President and Chief Financial Officer
Dated: May 21, 2024