On November 17, 2016, MVP REIT, Inc., a Maryland corporation (the “Company”), held its 2016 annual meeting of stockholders at Venable LLP, 750 E. Pratt Street, Suite 900, Baltimore, Maryland 21202. Stockholders were asked to vote with respect to the following proposal:
- To elect six directors to serve until the 2017 Annual Meeting of Stockholders and until their successors are duly elected and qualify;
- To transact such other business as may properly come before the meeting or any postponement or adjournment thereof.
There were outstanding, as of the close of business on July 29, 2016 (the record date for the annual meeting), 10,979,813 shares of Common Stock of the Company, each entitled to one vote per share, constituting the only class of shares entitled to vote at the meeting.
There were present at the meeting, either in person or by valid proxy, the holders of 6,263,151 shares of the Company, constituting a quorum.
A majority of the stockholders voted “For” the proposal. See Table below for the results:
|Proposal 1 – Election of six (6) directors|
|Nominee||Votes For||Votes Against||Votes Abstain||Broker Non-Votes|
|Robert J. Aalberts||6,070,554||62,277||130,320||0|
|John E. Dawson||6,063,912||72,480||126,759||0|
|Daryl C Idler, Jr.||6,077,232||55,599||130,320||0|
|Michael V. Shustek||6,079,840||78,313||130,119||0|