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): June 14, 2017

 

ONE LIBERTY PROPERTIES, INC.

(Exact name of Registrant as specified in charter)

 

Maryland   001-09279   13-3147497
(State or other jurisdiction
of incorporation)
  (Commission file No.)   (IRS Employer
I.D. No.)

 

60 Cutter Mill Road, Suite 303, Great Neck, New York   11021
(Address of principal executive offices)   (Zip code)

 

516-466-3100

 

Registrant's telephone number, including area code

 

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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company      ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

  

 

 

Section 5 – Corporate Governance and Management

 

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

 

At our annual meeting of stockholders held on June 14, 2017, proposals 1, 2 and 4 presented to stockholders were approved and with respect to proposal 3, stockholders selected three years as the frequency of future stockholder “say-on-pay” votes.” The proposals are described in detail in our definitive proxy statement dated April 18, 2017. Set forth below is a summary of the proposals and the voting results with respect thereto.

 

Proposal 1 – Election of Directors

 

To elect the directors named below for a three year term:

 

     For   Against   Abstain   Broker
Non-Votes
 
  Charles L. Biederman   12,360,681    741,920    134,029    3,874,175 
  Patrick J. Callan, Jr.   12,901,380    200,970    134,280    3,874,175 
  Louis P. Karol   12,545,668    557,285    133,676    3,874,175 

 

Proposal 2– Advisory Vote on Executive Compensation

 

To approve, by non-binding vote, executive compensation for the year ended December 31, 2016:

 

  For   Against   Abstain   Broker Non-Votes 
   10,366,383    2,788,124    82,122    3,874,175 

 

 

Proposal 3 – Advisory Vote on the Frequency of Holding Future Advisory Votes on Executive Compensation

 

To approve, by non-binding vote, the frequency of future non-binding votes on executive compensation:

 

  One Year   Two Years   Three Years   Abstain   Broker Non-Vote 
   4,952,815    87,757    7,692,893    503,163    3,874,175 

 

In light of the results with respect to this proposal, we have determined that the next stockholder advisory vote on executive compensation will be held in connection with the 2020 Annual Meeting of Stockholders.

 

Proposal 4 – Ratification of the Selection of Independent Registered Public Accounting Firm

 

To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the year ended December 31, 2017:

 

  For   Against   Abstain 
   16,891,334    117,745    101,725 

 

 2 

 

 

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.

 

      ONE LIBERTY PROPERTIES, INC.
         
Date: June 14, 2017   By: /s/ David W. Kalish
        David W. Kalish
        Senior Vice President Finance

 

 

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