TravelCenters of America Inc. Announces Annual Meeting Results

Rhea-AI Summary

TravelCenters of America Inc. (Nasdaq: TA) held its 2021 Annual Meeting of Stockholders, announcing the reelection of Barbara D. Gilmore (71.5%), Elena B. Poptodorova (74.4%), and Adam D. Portnoy (67.5%) as Independent and Managing Directors. Shareholders approved executive compensation (94.1%), an amendment to the 2016 Equity Compensation Plan (97.1%), and ratified RSM US LLP as independent auditors (99.3%). The meeting underscores strong shareholder support for the company's leadership and strategic direction.

Positive

• Strong shareholder support reflected in vote percentages: 71.5% for Gilmore, 74.4% for Poptodorova, 67.5% for Portnoy.
• High approval rate for executive compensation at 94.1%.
• Amendment to the 2016 Equity Compensation Plan received 97.1% approval.
• Independent auditors ratified with 99.3%, indicating confidence in financial reporting.

Negative

• None.

TravelCenters of America Inc. (Nasdaq: TA) today announced the results of its 2021 Annual Meeting of Stockholders, which was held earlier today, as follows:

Barbara D. Gilmore was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:

Independent Director		Percentage of Shares Voted For
Barbara D. Gilmore		71.5%

Elena B. Poptodorova was re-elected as an Independent Director. The final tabulation of the percentage of stockholders’ votes cast for this Independent Director is as follows:

Independent Director		Percentage of Shares Voted For
Elena B. Poptodorova		74.4%

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

Managing Director		Percentage of Shares Voted For
Adam D. Portnoy		67.5%

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

Proposal		Percentage of Shares Voted For
Approval of Executive Compensation		94.1%

Stockholders approved an amendment to the TravelCenters of America Inc. Second Amended and Restated 2016 Equity Compensation Plan. The final tabulation of the percentage of stockholders’ votes cast for this proposal is as follows:

Proposal		Percentage of Shares Voted For
Amendment to the Second Amended and Restated 2016 Equity Compensation Plan		97.1%

Stockholders ratified the appointment of RSM US LLP as TA’s independent auditors for the 2021 fiscal year. The final tabulation of the percentage of stockholders’ votes cast for this proposal is as follows:

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

About TravelCenters of America Inc.:

TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, convenience stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and 9 proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005864/en/

FAQ

What were the results of the TravelCenters of America 2021 Annual Meeting of Stockholders?

The meeting resulted in the reelection of Barbara D. Gilmore (71.5%), Elena B. Poptodorova (74.4%), and Adam D. Portnoy (67.5%).

What percentage of shareholders approved executive compensation at TA?

Executive compensation was approved by 94.1% of shareholders.

Which independent auditors were ratified by TravelCenters of America?

RSM US LLP was ratified as TA's independent auditors with 99.3% approval.

What was the approval rate for the amendment to the Equity Compensation Plan at TA?

The amendment to the 2016 Equity Compensation Plan received a 97.1% approval rate.