Form 8-K INVESTORS REAL ESTATE For: Sep 20

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  September 23, 2016 (September 20, 2016)

 

INVESTORS REAL ESTATE TRUST

(Exact name of Registrant as specified in its charter)

 

 

 

1400 31st Avenue SW, Suite 60
Post Office Box 1988
Minot, ND 58702-1988
(Address of principal executive offices) (Zip code)

 

(701) 837-4738

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed from last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 5.07                          Submission of Matters to a Vote of Security Holders.

 

On September 20, 2016, the Company held its 2016 Annual Meeting of Shareholders (the “Annual Meeting”).  As of July 22, 2016, the record date for holders of common shares of beneficial interest (“common shares”) entitled to vote at the Annual Meeting, there were 121,149,767 common shares outstanding and entitled to vote at the Annual Meeting.  Of the common shares entitled to vote, 94,183,983, or approximately 77.74% of the common shares, were present or represented by proxy at the Annual Meeting, constituting a quorum under the Declaration of Trust.  There were three matters presented and voted on at the Annual meeting.  Set forth below is a brief description of each matter voted on at the Annual Meeting and the final voting results with respect to each such matter.

 

Proposal 1 —Election of nine nominees to serve on the Board of Trustees for a one-year term and until their respective successors are duly elected and qualified.

 

Nominee		For		Against		Abstain		Broker Non-Votes
								37,093,107
Jeffrey P. Caira		55,866,007		622,847		602,022
Michael T. Dance		55,853,542		633,811		603,523
Linda J. Hall		54,982,468		1,721,007		387,401
Terrance P. Maxwell		55,551,525		917,758		621,593
Timothy P. Mihalick		55,467,707		1,276,748		346,421
Jeffrey L. Miller		55,686,377		1,182,857		221,642
John A. Schissel		56,102,641		648,387		339,848
John D. Stewart		55,493,146		1,284,417		313,313
Jeffrey K. Woodbury		55,099,500		1,073,761		917,615

 

The shareholders elected all nine of the nominees as trustees.

 

Proposal 2 —Non-binding advisory resolution on executive compensation.

 

		For		Against		Abstain		Broker Non- Votes
Votes Cast		54,713,097		1,953,533		424,246		37,093,107

 

The shareholders approved the non-binding advisory resolution on executive compensation.

 

Proposal 3 —Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2017.

 

		For		Against		Abstain		Broker Non- Votes
Votes Cast		92,893,748		500,161		790,074		0

 

The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2017.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	INVESTORS REAL ESTATE TRUST
Date: September 23, 2016	By:	/s/ Timothy P.Mihalick
		Timothy P. Mihalick
		Chief Executive Officer

 

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