Attached files

file filename
EX-10.1 - EX-10.1 - Sterling Real Estate Trustex-10d1.htm

 

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 20, 2017 

 

Sterling Real Estate Trust

d/b/a Sterling Multifamily Trust

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

North Dakota

 

000-54295

 

90-0115411

(State or other Jurisdiction of Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

 

 

1711 Gold Drive S., Suite 100
Fargo, North Dakota

 

58103

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (701) 353-2720 

 

 

 

(Former name or former address if changed since 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:

 

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 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).

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 accounting standards provided pursuant to Section 13(a) of the Exchange Act.     

 

 


 

Item 1.01 Amendment of a Material Definitive Agreement.

Sixth Amended and Restated Advisory Agreement

 

On June 20, 2017, Sterling Real Estate Trust (the “Company”) adopted the Sixth Amended and Restated Advisory Agreement with Sterling Management, LLC, the Company’s Advisor (the “Advisor”).  The Sixth Amended and Restated Advisory Agreement, effective as of June 20, 2017, was unanimously approved and includes terms and conditions that are substantially the same as the previous agreement. 

 

The description herein of the Sixth Amended and Restated Advisory Agreement is qualified in its entirety, and the terms therein are incorporated herein, by reference to the Sixth Amended and Restated Advisory Agreement filed as Exhibit 10.1 hereto.

 

Section 5 – Corporate Governance and Management 

 

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

 

On June 20, 2017, Sterling Real Estate Trust (the “Company”) held its annual meeting of shareholders.  At the meeting, the Company’s shareholders approved all of the following proposals as stated in the Definitive Proxy Statement on Form DEF 14A filed with the SEC on May 1, 2017:  

 

1.

Election of nine trustees to serve until the next annual meeting of shareholders and until their successors are duly elected and qualified. The result of the votes to elect the nine trustees was as follows:

 

Nominee

    

For

    

Withheld

    

Broker Non-Vote

 

Bruce W. Furness

 

4,944,542 

 

26,036 

 

 

James R. Hansen

 

4,944,223 

 

26,354 

 

 

Timothy Haugen

 

4,944,542 

 

26,036

 

 

Timothy Hunt

 

4,944,542 

 

26,036

 

 

Michelle Korsmo

 

4,944,542

 

26,036

 

 

Kenneth P. Regan

 

4,931,903 

 

38,674 

 

 

Richard Savageau

 

4,944,542 

 

26,036 

 

 

James S. Wieland

 

4,933,474 

 

37,104 

 

 

Lance R. Wolf

 

4,944,542 

 

26,036 

 

 

 

2.

Ratification of the appointment of Baker Tilly Virchow Krause, LLP to serve as independent registered public accounting firm for the year ending December 31, 2017. The proposal received: 4,932,744 votes For; 36,817 Against; and 1,017 Abstained.


 

Item 9.01 Financial Statements and Exhibits.

 

(c) Exhibits

 

 

 

 

Exhibit
No.

 

Title

10.1

 

Sixth Amended and Restated Advisory Agreement

 

 

 

 

 

 

 

 

 

 


 

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.

 

 

 

 

 

 

 

Sterling Real Estate Trust

 

 

 

Date: June 26, 2017

 

 

 

 

 

 

 

By:

/s/ Kenneth P. Regan

 

 

Name: Kenneth P. Regan

 

 

Title: Chief Executive Officer