Tremont Mortgage Trust Announces Annual Meeting Results

Rhea-AI Summary

Tremont Mortgage Trust (Nasdaq: TRMT) held its 2021 Annual Meeting of Shareholders, re-electing Matthew P. Jordan and William A. Lamkin as Managing and Independent Trustees with 92.4% and 89.2% of votes, respectively. Shareholders also approved the Amended and Restated Equity Compensation Plan with 88.8% support and ratified Deloitte & Touche LLP as the independent public accounting firm with an overwhelming 99.3% approval. TRMT specializes in originating and investing in first mortgage loans secured by middle market and transitional commercial real estate.

Positive

• Matthew P. Jordan re-elected with 92.4% of votes.
• William A. Lamkin re-elected with 89.2% of votes.
• Equity Compensation Plan approved with 88.8% support.
• Deloitte & Touche LLP ratified as auditors with 99.3% approval.

Negative

• None.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the results of its 2021 Annual Meeting of Shareholders which was held today.

Matthew P. Jordan was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

Trustee			Percentage of Shares Voted – For
Matthew P. Jordan			92.4%

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:

Trustee			Percentage of Shares Voted – For
William A. Lamkin			89.2%

Shareholders approved the Amended and Restated Tremont Mortgage Trust 2017 Equity Compensation Plan. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

Proposal			Percentage of Shares Voted – For
Approval of Equity Compensation Plan			88.8%

Shareholders ratified the appointment of Deloitte & Touche LLP as TRMT’s independent registered public accounting firm 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			99.3%

TRMT is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. TRMT is managed by an affiliate of The RMR Group Inc. (Nasdaq: RMR). Substantially all of RMR’s business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset management company with $32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about TRMT, please visit www.trmtreit.com.

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/20210527005911/en/

FAQ

What percentage of votes supported the re-election of Matthew P. Jordan as a Trustee for TRMT?

Matthew P. Jordan was re-elected as a Trustee with 92.4% of shareholder votes.

What was the outcome of the 2021 Annual Meeting of Shareholders for TRMT?

At the 2021 Annual Meeting, TRMT shareholders re-elected two Trustees and approved key proposals, including the Equity Compensation Plan.

Which accounting firm was ratified by TRMT shareholders for the fiscal year 2021?

Deloitte & Touche LLP was ratified as TRMT's independent registered public accounting firm with 99.3% approval.

What is Tremont Mortgage Trust's main business focus?

TRMT is focused on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate.

How many votes were cast in favor of the Amended and Restated Equity Compensation Plan?

The Amended and Restated Equity Compensation Plan received 88.8% of votes in favor.