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United States. Securities and Exchange Commission

Host Hotels & Resorts, Inc. Announces Results of 2023 Annual Meeting of Stockholders

Strategic Insights

— 2 min read

At its annual meeting of stockholders held on May 18, 2023, Host Hotels & Resorts, Inc. (the "Company") reported on the outcome of four proposals presented for stockholder vote. The Company, a leading hospitality real estate investment trust, has filed a Form 8-K (Current Report) with the U.S. Securities and Exchange Commission on May 22, 2023, detailing the voting results of its annual meeting.

Key Takeaways:

  • Proposal 1: The election of nine directors for terms expiring at the 2024 annual meeting of stockholders resulted in each director nominee being elected for a one-year term. The voting results for each nominee are as follows:

+ Mary L. Baglivo: 622,406,714 FOR, 10,906,334 AGAINST, 2,462,899 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Herman E. Bulls: 606,221,722 FOR, 27,087,860 AGAINST, 2,466,364 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Diana M. Laing: 613,572,450 FOR, 19,722,838 AGAINST, 2,480,604 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Richard E. Marriott: 614,640,537 FOR, 18,674,953 AGAINST, 2,460,457 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Mary Hogan Preusse: 622,888,794 FOR, 10,406,825 AGAINST, 2,480,328 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Walter C. Rakowich: 611,230,130 FOR, 22,077,422 AGAINST, 2,468,341 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ James F. Risoleo: 629,675,208 FOR, 3,630,199 AGAINST, 2,470,540 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ Gordon H. Smith: 607,668,713 FOR, 25,642,886 AGAINST, 2,464,348 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

+ A. William Stein: 628,797,212 FOR, 4,513,689 AGAINST, 2,465,046 ABSTENTIONS, 17,946,924 BROKER NON-VOTES

  • Proposal 2: The ratification of the appointment of KPMG LLP as independent registered public accountants for 2023 resulted in 625,119,782 FOR, 28,484,403 AGAINST, 118,686 ABSTENTIONS, and 0 BROKER NON-VOTES, with the appointment being ratified.
  • Proposal 3: The advisory vote on the Company's executive compensation resulted in 600,389,130 FOR, 32,832,841 AGAINST, 2,553,966 ABSTENTIONS, and 17,946,924 BROKER NON-VOTES, with the proposal being approved by approximately 95% of the votes cast.
  • Proposal 4: The frequency of advisory votes on executive compensation resulted in 617,732,932 votes in favor of an annual advisory vote, 138,429 votes in favor of a two-year advisory vote, 15,410,927 votes in favor of a three-year advisory vote, 20,440,584 ABSTENTIONS AND BROKER NON-VOTES, with the Company's Board of Directors recommending an annual advisory vote on executive compensation.

Statistics:

  • Total number of shares voted for Proposal 1: 2,422,540,773
  • Total number of shares voted for Proposal 2: 625,119,782
  • Total number of shares voted for Proposal 3: 600,389,130
  • Total number of shares voted for Proposal 4: 617,732,932 (annual), 138,429 (two-year), 15,410,927 (three-year)

Sources:

  • U.S. Securities and Exchange Commission. (2023, May 22). HOST HOTELS & RESORTS, INC. (Exact name of Registrant as Specified in Its Charter). Form 8-K, Item 5.07.

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