Seven Hills Realty Trust filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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In this Current Report on Form 8-K, the terms “we”, “us”, “our” and “the Company” refer to Seven Hills Realty Trust.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described in Item 5.07 below, at the Company’s annual meeting of shareholders held on May 28, 2025 (the “Annual Meeting”), the Company’s shareholders approved the Second Amended and Restated Seven Hills Realty Trust 2021 Equity Compensation Plan (the “Equity Compensation Plan”) which amended and restated the Company’s existing Amended and Restated 2021 Equity Compensation Plan to increase by 550,000 the total number of common shares of beneficial interest available for awards and to extend the term of the plan until May 28, 2035, the tenth anniversary of the Annual Meeting. Trustees, officers, employees of Tremont Realty Capital LLC or The RMR Group LLC, consultants, advisors and other persons or entities providing management, administrative or other services to the Company or its subsidiaries are eligible to receive awards under the Equity Compensation Plan.
A copy of the Equity Compensation Plan that was approved by the Company’s shareholders was included as Annex A to the Company’s proxy statement for the Annual Meeting, which proxy statement was filed with the Securities and Exchange Commission (the “SEC”), on March 19, 2025 (the “2025 Proxy Statement”), and is available at the SEC’s website at www.sec.gov. The terms and conditions of the Equity Compensation Plan are described in detail in the 2025 Proxy Statement. The foregoing description of the Equity Compensation Plan is qualified in its entirety by the terms of the Equity Compensation Plan. A copy of the Equity Compensation Plan is filed as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s shareholders voted on the election of two Independent Trustees in Class III of the Company’s Board of Trustees each for a three year term of office continuing until the Company’s 2028 annual meeting of shareholders and until her or his respective successor is duly elected and qualifies. The following persons were elected as Independent Trustees and received the following votes:
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Nominee |
Votes For | Withhold |
Broker Non-Votes | |||
| Barbara D. Gilmore | 5,542,548 | 2,100,885 | 4,237,830 | |||
| Joseph L. Morea | 7,019,087 | 624,346 | 4,237,830 |
As described above in Item 5.02, the Company’s shareholders also voted on the approval of the Equity Compensation Plan. This proposal received the following votes:
| For | Against | Abstain | Broker Non-Votes | |||
| 6,795,186 | 736,373 | 111,874 | 4,237,830 |
The Company’s shareholders also ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditors to serve for the 2025 fiscal year. This proposal received the following votes:
| For | Against | Abstain | Broker Non-Votes | |||
| 11,223,004 | 499,614 | 158,645 | N/A |
The results reported above are final voting results.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| 10.1 | Second Amended and Restated Seven Hills Realty Trust 2021 Equity Compensation Plan (Filed herewith) | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
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.
| SEVEN HILLS REALTY TRUST | ||
| By: | /s/ Matthew C. Brown | |
| Name: | Matthew C. Brown | |
| Title: | Chief Financial Officer and Treasurer | |
Date: May 29, 2025