FREIT - First Real Estate Investment Trust of New Jersey
05/07/2021 | Press release | Archived content
Submission of Matters to a Vote of Security Holders
Submission of Matters to a Vote of Security Holders
The annual meeting of shareholders (the 'Annual Meeting') of First Real Estate Investment Trust of New Jersey (the 'Trust') was held on May 6, 2021. The following matters were submitted to the shareholders of the Trust at the Annual Meeting for their approval:
Approval of Reincorporation:
The proposal to approve the reincorporation of the Trust as a Maryland corporation by the merger of the Trust into a newly-formed wholly-owned subsidiary incorporated in Maryland, was approved by the shareholders of the Trust, with the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 3,856,408 | 500,478 | 57,684 | 1,375,363 |
Election of Trustees:
The shareholders of the Trust elected David B. Hekemian, Richard J. Aslanian and John A. Aiello to serve Trustees of the Trust for three-year terms, with the following votes:
| Name | Votes For | Votes Withheld | Abstentions | Broker Non-Votes |
| David B. Hekemian | 4,069,521 | 345,049 | -- | 1,375,363 |
| Richard J. Aslanian | 4,070,021 | 344,549 | -- | 1,375,363 |
| John A. Aiello | 4,075,501 | 339,069 | -- | 1,375,363 |
Ratification of Independent Registered Public Accountants:
The ratification of the Audit Committee's appointment of EisnerAmper LLP as the Trust's independent registered public accountants for the fiscal year ending October 31, 2021 was approved by the shareholders of the Trust, with the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 5,771,681 | 11,067 | 7,185 | 0 |
Approval of Adjournment:
The proposal to adjourn the Annual Meeting, if necessary, to solicit additional votes to approve the reincorporation of the Trust as a Maryland corporation by the merger of Trust into a newly-formed wholly-owned subsidiary incorporated in Maryland, was approved by the shareholders of the Trust, with the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 3,918,760 | 475,590 | 20,220 | 1,375,363 |