Industrial Logistics Properties Trust Announces Annual Meeting Results

Rhea-AI Summary

Industrial Logistics Properties Trust (Nasdaq: ILPT) held its 2021 Annual Meeting of Shareholders, where Joseph L. Morea was re-elected as an Independent Trustee with 59.1% approval. Shareholders also approved executive compensation by an advisory vote, garnering 92.9% support. Additionally, Deloitte & Touche LLP was ratified as ILPT’s independent auditors for the 2021 fiscal year, achieving a remarkable 99.7% approval. ILPT operates as a real estate investment trust focused on industrial and logistics properties across the U.S.

Positive

• Joseph L. Morea re-elected as Independent Trustee with 59.1% of votes.
• Executive compensation approved with 92.9% shareholder support.
• Deloitte & Touche LLP ratified as independent auditors with 99.7% support.

Negative

• None.

Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today.

Joseph L. Morea was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

Independent Trustee			Percentage of Shares Voted – For
Joseph L. Morea			59.1%

Shareholders voted to approve executive compensation by means of an advisory vote. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal			Percentage of Shares Voted – For
Approval of Executive Compensation			92.9%

Shareholders ratified the appointment of Deloitte & Touche LLP as ILPT’s independent auditors for the 2021 fiscal year. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal			Percentage of Shares Voted – For
Ratification of Independent Auditors			99.7%

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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/20210602006043/en/

FAQ

What was the outcome of the 2021 Annual Meeting for ILPT?

At the 2021 Annual Meeting, ILPT shareholders re-elected Joseph L. Morea, approved executive compensation with 92.9% support, and ratified Deloitte & Touche LLP as independent auditors with 99.7% support.

How many votes did Joseph L. Morea receive in his re-election?

Joseph L. Morea received 59.1% of votes in his re-election as an Independent Trustee.

What percentage of shareholders approved ILPT's executive compensation?

ILPT's executive compensation was approved by 92.9% of shareholders.

Who is ILPT's independent auditor for the 2021 fiscal year?

Deloitte & Touche LLP was ratified as ILPT's independent auditors for the 2021 fiscal year with 99.7% approval.