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): April 30, 2020

 

 

City Office REIT, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Maryland   001-36409   98-1141883

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

666 Burrard Street, Suite 3210,

Vancouver, British Columbia,

  V6C 2X8
(Address of principal executive offices)   (Zip Code)

(604) 806-3366

(Registrant’s telephone number, including area code)

Not Applicable

(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 (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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Ticker

Symbols:

 

Name of Each Exchange

on Which Registered

Common Stock, $0.01 par value   CIO   New York Stock Exchange
6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share   CIO.PrA   New York Stock Exchange

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

 

 

 


Item 5.07

Submission of Matters to a Vote of Security Holders.

2020 Annual Meeting of Stockholders

City Office REIT, Inc. (the “Company”) held its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) at the Company’s corporate offices in Vancouver, British Columbia, on Thursday, April 30, 2020. The proposals considered and approved by stockholders at the Annual Meeting were the following:

 

   

the election of six directors to the board of directors;

 

   

the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020;

 

   

the approval, on an advisory basis, of the compensation of the Company’s named executed officers (the “Named Executive Officers”) for 2019; and

 

   

the approval, on an advisory basis, of the frequency of future advisory votes on executive compensation.

Election of Directors

Each of the individuals listed below was duly elected as a director of the Company to serve until the 2021 Annual Meeting of Stockholders or until his or her successor is duly elected and qualified. Set forth below are the results of the vote:

 

Name

   Votes For      Votes Against      Abstentions      Broker Non-
Votes
 

John McLernon

     40,811,820        1,457,090        55,054        6,295,657  

James Farrar

     42,084,801        184,075        55,088        6,295,657  

William Flatt

     42,086,651        182,056        55,257        6,295,657  

Sabah Mirza

     41,447,912        817,020        59,032        6,295,657  

Mark Murski

     41,896,185        369,169        58,610        6,295,657  

John Sweet

     41,359,684        905,675        58,605        6,295,657  

Appointment of Independent Registered Public Accounting Firm

A proposal to ratify the appointment of KPMG LLP as the independent registered public accounting firm to audit the Company’s financial statements for the fiscal year ending December 31, 2020 was presented at the Annual Meeting. Set forth below are the results of the vote:

 

Votes For

 

Votes Against

 

Abstentions

48,471,865   102,268   45,488

Approval of Executive Compensation

A proposal to approve, on an advisory basis, the compensation for the Named Executive Officers for 2019 was presented at the Annual Meeting. Set forth below are the results of the nonbinding vote:

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-
Votes

40,156,363   1,861,384   306,217   6,295,657

Approval of Frequency of Advisory Votes on Executive Compensation

A proposal to approve, on an advisory basis, the frequency of future advisory votes on executive compensation was presented at the Annual Meeting. Set forth below are the results of the nonbinding vote:

 

Votes For 1 Year

 

Votes For 2 Years

 

Votes For 3 Years

 

Abstentions

 

Broker Non-
Votes

41,357,268   70,871   813,221   82,604   6,295,657

After considering the nonbinding results for the vote on frequency of future advisory votes on executive compensation, the Company’s Board of Directors (the “Board”) determined to hold nonbinding advisory votes on executive compensation every “one year” until the Company is next required, or the Board deems it appropriate, to submit to the Company’s stockholders a proposal to approve, by a nonbinding advisory vote, the frequency of future advisory votes on executive compensation.


SIGNATURES

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

 

    CITY OFFICE REIT, INC.
Date: May 1, 2020     By:  

/s/ Anthony Maretic

    Name:   Anthony Maretic
    Title:   Chief Financial Officer, Secretary and Treasurer