NEWTON, Mass.--(BUSINESS WIRE)--CommonWealth REIT (NYSE: CWH) announced the results of its annual meeting held earlier today as follows:
Fredrick N. Zeytoonjian was re-elected as an Independent Trustee receiving 94.1% of all shares voted.
Barry M. Portnoy was re-elected as a Managing Trustee receiving 70.8% of all shares voted.
Shareholders approved, with 96.1% of all the shares voted, a nonbinding, advisory proposal approving the compensation paid to CWH’s named executive offices.
None of the three alternatives required by the Dodd-Frank Law and applicable SEC rules to be presented to shareholders regarding the frequency of future advisory votes by shareholders on named executives officers’ compensation received a majority vote of shareholders. The recommendation for such a vote every year received votes of 41.4% of outstanding shares; the recommendation for such a vote every two years received votes of 0.7% of outstanding shares; the recommendation for such a vote every three years received 18.3% of outstanding shares; and the balance of outstanding shares abstained or did not vote.
Shareholders approved, with 98.8% of all shares voted, the ratification of the appointment of Ernst & Young LLP as CWH’s independent registered public accounting firm.
CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office buildings located throughout the United States. CWH is headquartered in Newton, Massachusetts.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.