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): February 24, 2011
PORTSMOUTH SQUARE, INC.
---------------------------------------------------
(Exact name of registrant as specified in its charter)
California 0-4057 94-1674111
---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10940 Wilshire Blvd., Suite 2150, Los Angeles, CA 90024
------------------------------------------------- --------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 889-2500
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] 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.
The Fiscal 2010 Annual Meeting of the Shareholders of Portsmouth Square, Inc.
(the "Company") was held on February 24, 2011 at the Hilton San Francisco
Financial District, 750 Kearny Street, San Francisco, California. At that
meeting, all of management's nominees: John V. Winfield, Jerold R. Babin, Josef
A. Grunwald, John C. Love and William J. Nance, were elected as Directors of
the Company to serve until the next Annual Meeting. At the Annual Meeting, the
shareholders also voted in favor of the ratification of the Audit Committee's
selection of Burr Pilger Mayer, Inc. as the Company's independent registered
public accounting firm for the fiscal year ending June 30, 2011. In addition,
the shareholders also approved, in a non-binding vote, the compensation of the
Company's named executive officers and voted for three years as the frequency
that a shareholder vote to approve the compensation of the Company's named
executive officers should be held. The final tabulation of the votes follows:
Proposal (1) - Election of Directors:
Nominees Votes For Withheld Broker Non-Votes
---------------- --------- -------- ----------------
John V. Winfield 666,629 8,521 25,396
Jerold R. Babin 666,727 8,423 25,396
Josef A. Grunwald 666,629 8,521 25,396
John C. Love 666,727 8,423 25,396
William J. Nance 666,629 8,521 25,396
Proposal (2) - Ratification of the Appointment of Burr Pilger Mayer, Inc. as
The Company's Independent Registered Public Accounting Firm
for the fiscal year ending June 30 2011:
Votes For Against Abstained Broker Non-Votes
--------- ------- --------- ----------------
699,487 31 1,038 -
Proposal (3) - To approve, in a non-binding vote, the compensation of the
Company's named executive officers:
Votes For Against Abstained Broker Non-Votes
--------- ------- --------- ----------------
665,402 8,503 1,245 25,396
Proposal (4) - To determine, in a non-binding vote, whether a shareholder
vote to approve the compensation of the Company's named
executive officers should occur every one, two or three
years:
One Year Two Years Three Years Abstained Broker Non-Votes
-------- --------- ----------- --------- ----------------
16,126 56,142 599,299 3,583 25,396
-2-
SIGNATURES
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.
PORTSMOUTH SQUARE, INC.
Dated: February 28, 2011 By /s/ Michael G. Zybala
-----------------------------
Michael G. Zybala, Vice President,
Secretary & General Counsel
-3-
