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
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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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).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 2, 2024, the Company held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”). As of March 1, 2024, the record date for the Annual Meeting, there were 188,372,754 shares of the Company’s common stock, $0.00025 par value per share (the “Common Stock”), issued and outstanding and entitled to vote at the Annual Meeting. Each such outstanding share of Common Stock entitled its holder to cast one vote on each proposal to be voted on during the Annual Meeting.
At the Annual Meeting, the Company’s stockholders (i) elected nine directors to the Board of Directors of the Company (the “Board”) to serve until the Company’s 2025 annual meeting of stockholders, (ii) approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, and (iii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The proposals are described in the Company’s proxy statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on March 22, 2024. The final voting results for each proposal are set forth below.
Proposal 1: Election of Directors
The officer holding the proxies solicited in connection with the Annual Meeting voted the shares as designated on the proxy, or if no such designation was made, in favor of the election of the nominees. At the Annual Meeting, the shareholders elected each of the nine director nominees, by the vote indicated below, to serve as a director until the Company’s annual meeting of stockholders to be held in 2024, or until his or her respective successor is duly elected and qualified:
Nominee |
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Votes For |
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Votes Against |
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Abstained |
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Broker Non-Votes |
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Laurie A. Hawkes |
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134,661,362.49 |
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2,361,072.00 |
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165,867.00 |
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19,176,612.00 |
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John D. Moragne |
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135,214,929.49 |
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1,803,569.00 |
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169,803.00 |
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19,176,612.00 |
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Denise Brooks-Williams |
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134,927,993.49 |
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2,119,201.00 |
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141,107.00 |
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19,176,612.00 |
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Michael A. Coke |
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135,177,651.49 |
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1,766,167.00 |
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244,483.00 |
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19,176,612.00 |
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Jessica Duran |
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135,260,454.49 |
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1,719,482.00 |
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208,365.00 |
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19,176,612.00 |
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Laura Felice |
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134,842,350.49 |
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2,122,476.00 |
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223,475.00 |
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19,176,612.00 |
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David M. Jacobstein |
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131,764,123.49 |
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5,187,622.00 |
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236,556.00 |
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19,176,612.00 |
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Shekar Narasimhan |
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134,253,714.49 |
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2,688,261.00 |
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246,326.00 |
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19,176,612.00 |
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James H. Watters |
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130,399,853.49 |
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6,559,787.00 |
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228,661.00 |
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19,176,612.00 |
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Proposal 2: Say on Pay
At the Annual Meeting, the Company’s stockholders approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers. The table below sets forth the voting results for this proposal:
Votes For |
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Votes Against |
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Abstained |
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Broker Non-Votes |
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131,078,611.49 |
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5,792,938.00 |
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316,752.00 |
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19,176,612.00 |
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In accordance with the Board’s prior determination to hold an advisory “say on pay” vote every year, subject to stockholder approval, and the stockholders' indication that their preferred frequency is also to hold a “say on pay” vote every year, the Company will maintain its previously adopted annual “say on pay” policy.
Proposal 3: 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 Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, as set forth below:
Votes For |
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Votes Against |
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Abstained |
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148,797,356.49 |
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7,324,582.00 |
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242,975.00 |
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There were no broker non-votes on this proposal. No other proposals were submitted to a vote of the Company’s stockholders at the Annual Meeting.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
INDEX TO EXHIBITS
Exhibit No. |
Description |
104 |
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
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.
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BROADSTONE NET LEASE, INC. |
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Date: |
May 6, 2024 |
By: |
/s/ John D. Callan |
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Name: John D. Callan |