The RMR Group Inc. Announces Annual Meeting Results

Rhea-AI Summary

The RMR Group (Nasdaq: RMR) held its 2022 Annual Meeting of Shareholders, where several directors were re-elected with strong support: Ann Logan (96.5%), Rosen Plevneliev (97.4%), Jonathan Veitch (98.0%), Walter Watkins Jr. (98.0%), Jennifer Clark (99.7%), and Adam Portnoy (97.9%). Shareholders approved an advisory vote on executive compensation (98.7%) and adopted a one-year frequency for future votes (98.3%). The Amended and Restated 2016 Omnibus Equity Plan received 99.8% approval. Deloitte & Touche LLP was ratified as independent auditors with unanimous support (100.0%).

Positive

• High re-election percentages for directors, indicating strong shareholder confidence: Logan (96.5%), Plevneliev (97.4%), Veitch (98.0%), Watkins (98.0%), Clark (99.7%), Portnoy (97.9%).
• Approval of executive compensation (98.7%) and a one-year frequency for future advisory votes (98.3%), reflecting shareholder alignment with management.
• 99.8% approval for the Amended and Restated 2016 Omnibus Equity Plan, facilitating employee incentives and retention.
• Unanimous ratification of Deloitte & Touche LLP (100.0%) as independent auditors, ensuring confidence in financial reporting.

Negative

• None.

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced the results of its 2022 Annual Meeting of Shareholders which was held today.

Ann Logan was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Ann Logan		96.5%

Rosen Plevneliev was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Rosen Plevneliev		97.4%

Jonathan Veitch was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Jonathan Veitch		98.0%

Walter Watkins, Jr. was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Walter Watkins, Jr.		98.0%

Jennifer Clark was re-elected as a Managing Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Jennifer Clark		99.7%

Adam Portnoy was re-elected as a Managing Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

Director		Percentage of Shares Outstanding For
Adam Portnoy		97.9%

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 Outstanding For
Approval of executive compensation		98.7%

Shareholders approved, on an advisory basis, 1 year as the frequency for future advisory votes to approve executive compensation. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal		Percentage of Shares Outstanding For
1 Year frequency		98.3%

Shareholders approved The RMR Group Inc. Amended and Restated 2016 Omnibus Equity Plan. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal		Percentage of Shares Outstanding For
Amended and Restated 2016 Omnibus Equity Plan		99.8%

Shareholders ratified the appointment of Deloitte & Touche LLP as RMR’s independent auditors to serve for the 2022 fiscal year. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal		Percentage of Shares Outstanding For
Ratification of Independent Auditors		100.0%

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by more than 600 real estate professionals in over 30 offices nationwide who manage over $33 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310006031/en/

Michael Kodesch, Director, Investor Relations

(617) 796-8230

Source: The RMR Group Inc.

FAQ

What were the results of the RMR Group's 2022 Annual Meeting of Shareholders?

The RMR Group's 2022 Annual Meeting saw the re-election of several directors and the approval of important proposals with high percentages of shareholder support.

Who were re-elected as directors during the RMR Group's 2022 Annual Meeting?

Directors Ann Logan, Rosen Plevneliev, Jonathan Veitch, Walter Watkins Jr., Jennifer Clark, and Adam Portnoy were re-elected.

What percentage of shareholders approved the executive compensation at RMR Group's 2022 meeting?

98.7% of shareholders voted to approve executive compensation.

Who was ratified as independent auditors for RMR Group for the 2022 fiscal year?

Deloitte & Touche LLP was ratified as independent auditors with 100% shareholder approval.

What is the RMR Group's stock symbol?

The stock symbol for RMR Group is RMR.