Office Properties Income Trust Announces Annual Meeting Results

Rhea-AI Summary

Office Properties Income Trust (Nasdaq: OPI) held its 2021 Annual Meeting of Shareholders, resulting in key re-elections and approvals. William A. Lamkin was re-elected as an Independent Trustee with 96.1% of votes, while Elena B. Poptodorova received 71.0%. An advisory vote on executive compensation was approved with 93.3% support. Shareholders ratified Deloitte & Touche LLP as independent auditors with 99.0% approval. Additionally, Jennifer B. Clark was elected as a Managing Trustee, enhancing the board's gender diversity to 50% female.

Positive

• William A. Lamkin re-elected as Independent Trustee with 96.1% support.
• Elena B. Poptodorova re-elected as Independent Trustee with 71.0% support.
• Executive compensation approved with 93.3% shareholder support.
• Deloitte & Touche LLP ratified as independent auditors with 99.0% approval.
• Jennifer B. Clark elected as Managing Trustee, increasing board diversity to 50% female.

Negative

• None.

Office Properties Income Trust (Nasdaq: OPI) today announced the results of its 2021 Annual Meeting of Shareholders, which was held earlier today, as follows.

William A. Lamkin 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
William A. Lamkin		96.1%

Elena B. Poptodorova 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
Elena B. Poptodorova		71.0%

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

Proposal		Percentage of Shares Voted – For
Approval of Executive Compensation		93.3%

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

Proposal		Percentage of Shares Voted – For
Ratification of Independent Auditors		99.0%

In addition, OPI’s Board of Trustees elected Jennifer B. Clark as a Managing Trustee, effective immediately. Ms. Clark was elected to fill the vacancy caused by the resignation by David M. Blackman and will serve the remainder of Mr. Blackman’s term until she stands for election at the 2023 annual meeting. With the election of Ms. Clark, OPI’s Board is now 50% comprised of women.

Ms. Clark is Executive Vice President, General Counsel and Secretary of The RMR Group Inc. (Nasdaq: RMR) and The RMR Group LLC and a member of the RMR Executive Operating Committee. Ms. Clark has been a Managing Director of RMR since 2018. Ms. Clark is responsible for all legal matters affecting the RMR client companies. Ms. Clark serves on the Boards of Five Star Senior Living Inc. (Nasdaq: FVE) and Sonesta International Hotels Corporation (Private).

Office Properties Income Trust is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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/20210617005875/en/

FAQ

What were the results of the 2021 Annual Meeting of Shareholders for OPI?

The meeting re-elected William A. Lamkin and Elena B. Poptodorova as Independent Trustees, approved executive compensation with 93.3% support, and ratified Deloitte & Touche LLP as auditors with 99.0% approval.

Who was elected as a new Managing Trustee for OPI in 2021?

Jennifer B. Clark was elected as a Managing Trustee to fill the vacancy left by David M. Blackman's resignation.

What percentage of votes did William A. Lamkin receive during the OPI election?

William A. Lamkin received 96.1% of votes in his re-election.

How did shareholders vote on executive compensation for OPI?

Shareholders approved executive compensation with 93.3% of votes in favor.

What is the gender composition of OPI's Board of Trustees after the recent election?

Following the election of Jennifer B. Clark, OPI's Board of Trustees is now 50% comprised of women.