Diversified Healthcare Trust Announces Annual Meeting Results

Rhea-AI Summary

Diversified Healthcare Trust (Nasdaq: DHC) announced the results of its 2021 Annual Meeting of Shareholders. Key outcomes include the appointment of Jennifer F. Francis as President and CEO, following her role as President and COO since 2018. Lisa Harris Jones was elected as an Independent Trustee with 71.1% of votes, while Francis received 87.1% as Managing Trustee. Shareholder approval for executive compensation was 89.9%, and Deloitte & Touche LLP was ratified as independent auditors with 99.3% support. DHC’s portfolio comprises 396 properties across 36 states, valued at $8.2 billion.

Positive

• Jennifer F. Francis appointed as President and CEO, indicating leadership stability.
• High shareholder support for governance changes: 71.1% for Lisa Harris Jones and 87.1% for Jennifer F. Francis.
• Strong approval of executive compensation at 89.9%, reflecting shareholder confidence.
• Deloitte & Touche LLP ratified as independent auditors with overwhelming 99.3% approval, ensuring financial oversight.

Negative

• None.

Diversified Healthcare Trust (Nasdaq: DHC) today announced the results of its 2021 Annual Meeting of Shareholders which was held yesterday. Additionally, the company has appointed Jennifer F. Francis as President and Chief Executive Officer, effective immediately. Ms. Francis has served as President and Chief Operating Officer since 2018. The results of the Annual Meeting of Shareholders were as follows.

Lisa Harris Jones was elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Independent Trustee is as follows:

Independent Trustee		Percentage of Shares Voted For
Lisa Harris Jones		71.1%

Jennifer F. Francis was elected as a Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Managing Trustee is as follows:

Managing Trustee		Percentage of Shares Voted For
Jennifer F. Francis		87.1%

Shareholders voted to approve executive compensation by means of an advisory vote:

Proposal		Percentage of Shares Voted For
Approval of executive compensation		89.9%

Shareholders ratified the appointment of Deloitte & Touche LLP as DHC’s independent auditors to serve for the 2021 fiscal year:

Proposal		Percentage of Shares Voted For
Ratification of Independent Auditors		99.3%

About Diversified Healthcare Trust

Diversified Healthcare Trust (Nasdaq: DHC) is a real estate investment trust (REIT) focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines, and by property type and location. As of March 31, 2021, DHC’s $8.2 billion portfolio included 396 properties in 36 states and Washington, D.C., occupied by more than 600 tenants, and totaling approximately 11.2 million square feet of life science and medical office properties and more than 29,000 senior living units. DHC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA. To learn more about DHC, visit www.dhcreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210604005098/en/

FAQ

What were the results of Diversified Healthcare Trust's 2021 Annual Meeting of Shareholders?

The meeting resulted in the appointment of Jennifer F. Francis as President and CEO, along with the election of Lisa Harris Jones as an Independent Trustee, and approval of executive compensation.

Who was elected as an Independent Trustee for DHC?

Lisa Harris Jones was elected as an Independent Trustee, receiving 71.1% of the shareholder votes.

What percentage of shareholders approved executive compensation at DHC?

Executive compensation received 89.9% approval from shareholders during the meeting.

Who was ratified as the independent auditor for DHC for the fiscal year?

Deloitte & Touche LLP was ratified as DHC's independent auditors with 99.3% of the votes.

What is the current portfolio size of Diversified Healthcare Trust?

As of March 31, 2021, DHC's portfolio is valued at $8.2 billion and includes 396 properties across 36 states.