Service Properties Trust Announces Annual Meeting Results

Rhea-AI Summary

Service Properties Trust (Nasdaq: SVC) announced the results from its 2021 Annual Meeting of Shareholders. Laurie B. Burns and William A. Lamkin were re-elected as Independent Trustees with 76.0% and 65.7% of shareholder votes, respectively. An advisory vote on executive compensation passed with 86.0% approval. Additionally, shareholders ratified Deloitte & Touche LLP as independent auditors with an impressive 99.6% vote in favor. The meeting highlights strong shareholder support for management and corporate governance.

Positive

• Laurie B. Burns re-elected with 76.0% shareholder support.
• William A. Lamkin re-elected with 65.7% shareholder support.
• Executive compensation approved with 86.0% shareholder support.
• Deloitte & Touche LLP ratified as independent auditors with 99.6% approval.

Negative

• None.

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

Laurie B. Burns was re-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
Laurie B. Burns		76.0%

William A. Lamkin was re-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
William A. Lamkin		65.7%

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		86.0%

Shareholders ratified the appointment of Deloitte & Touche LLP as SVC’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		99.6%

About Service Properties Trust:

Service Properties Trust is a real estate investment trust which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada. SVC is managed by the majority owned 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/20210616006017/en/

FAQ

What were the results of the Service Properties Trust 2021 Annual Meeting?

The meeting resulted in the re-election of Laurie B. Burns and William A. Lamkin as Independent Trustees, approval of executive compensation, and the ratification of Deloitte & Touche LLP as auditors.

What percentage of votes did Laurie B. Burns receive during the meeting?

Laurie B. Burns received 76.0% of shareholder votes in favor of her re-election.

What was the shareholder approval percentage for executive compensation?

The advisory vote on executive compensation received 86.0% approval from shareholders.

Who were ratified as auditors for Service Properties Trust?

Deloitte & Touche LLP was ratified as the independent auditors with 99.6% shareholder approval.

What is the stock symbol for Service Properties Trust?

The stock symbol for Service Properties Trust is SVC.