Submission of Matters to Vote of Security Holders.
On July 22, 2021, Presidio Property Trust, Inc. ('Company') held its Annual Meeting of Stockholders ('Annual Meeting'). The Annual Meeting was initially convened as noticed on May 27, 2021 but was adjourned due to lack of quorum. Of the 9,895,051 shares of common stock issued and outstanding and eligible to vote as of the record date of April 1, 2021, 5,072,245 shares, or 51.26% of the eligible shares, were present in person or represented by proxy at the Annual Meeting, and therefore, a quorum was present.
The proposals voted on at the Annual Meeting are more fully described in the Proxy Statement on Schedule 14A filed by the Company with the Securities and Exchange Commission on April 13, 2021.
The final voting results on the proposals presented for stockholders approval at the Annual Meeting were as follows:
Proposal 1: Six (6) director nominees were elected to serve on the Company's board of directors until the Company's next annual meeting of stockholders or until their respective successors are duly elected and qualified, as follows:
DIRECTOR
|
FOR
|
WITHHELD
|
Broker Non-Votes
|
Jennifer A Barnes
|
2,849,383
|
184,231
|
2,038,611
|
David T. Bruen
|
2,907,229
|
126,385
|
2,038,611
|
Larry G. Dubose
|
2,892,748
|
140,866
|
2,038,611
|
James R. Durfey
|
2,888,542
|
145,072
|
2,038,611
|
Jack K. Heilbron
|
2,816,657
|
216,957
|
2,038,611
|
Sumner J. Rollings
|
2,797,177
|
236,437
|
2,038,611
|
Proposal 2: The appointment of Baker Tilly US, LLP (successor to Squar Milner LLP following their combination) as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021 was ratified, as follows:
FOR
|
AGAINST
|
ABSTAIN
|
4,742,999
|
266,737
|
62,489
|
Proposal 3: An amendment to the Company's charter was not approved to provide for 'blank check' common stock, as follows:
FOR
|
AGAINST
|
ABSTAIN
|
2,544,030
|
299,997
|
189,587
|
Proposal 4: No other business properly came before the meeting, so no vote was needed.