UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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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.
Host Hotels & Resorts, Inc. (the “Company”) held its annual meeting of stockholders on May 18, 2023. Stockholders were asked to vote on four proposals: the election of directors, the ratification of the appointment of KPMG LLP as the Company’s independent registered public accountants for 2023, an advisory vote to approve executive compensation, and an advisory vote on the frequency of advisory votes on executive compensation. Final voting results are set forth below.
Proposal 1 – Election of Directors
Final votes regarding the election of nine directors for terms expiring at the 2024 annual meeting of stockholders are set forth below. Accordingly, each director nominee was elected for a one-year term.
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FOR |
AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
Mary L. Baglivo |
622,406,714 |
10,906,334 |
2,462,899 |
17,946,924 |
Herman E. Bulls |
606,221,722 |
27,087,860 |
2,466,364 |
17,946,924 |
Diana M. Laing |
613,572,450 |
19,722,838 |
2,480,604 |
17,946,924 |
Richard E. Marriott |
614,640,537 |
18,674,953 |
2,460,457 |
17,946,924 |
Mary Hogan Preusse |
622,888,794 |
10,406,825 |
2,480,328 |
17,946,924 |
Walter C. Rakowich |
611,230,130 |
22,077,422 |
2,468,341 |
17,946,924 |
James F. Risoleo |
629,675,208 |
3,630,199 |
2,470,540 |
17,946,924 |
Gordon H. Smith |
607,668,713 |
25,642,886 |
2,464,348 |
17,946,924 |
A. William Stein |
628,797,212 |
4,513,689 |
2,465,046 |
17,946,924 |
Proposal 2 – Ratification of Appointment of Independent Registered Public Accountants
Final votes on the ratification of the appointment of KPMG LLP as independent registered public accountants of the Company to serve for 2023 are set forth below. Accordingly, the appointment of KPMG LLP was ratified.
FOR |
AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
625,119,782 |
28,484,403 |
118,686 |
0 |
Proposal 3 – Advisory Vote on Executive Compensation
The final, non-binding, advisory votes on the Company’s executive compensation are set forth below. Accordingly, the proposal was approved by approximately 95% of the votes cast.
FOR |
AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
600,389,130 |
32,832,841 |
2,553,966 |
17,946,924 |
Proposal 4 – Frequency of Advisory Votes on Executive Compensation
Final, non-binding, advisory votes on the frequency of an advisory vote on executive compensation are set forth below.
ONE YEAR |
TWO YEARS |
THREE YEARS |
ABSTENTIONS AND BROKER NON-VOTES |
617,732,932 |
138,429 |
15,410,927 |
20,440,584 |
The Company’s Board of Directors recommended an annual advisory vote on executive compensation. In light of the Board of Directors’ recommendation of annual advisory votes on executive compensation and taking into account the overwhelming preference of the stockholders for an annual vote, as set forth above, the Company’s Board of Directors has determined that it will hold an advisory vote on executive compensation annually until the next required vote on the frequency of such an advisory vote.
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 thereunto duly authorized.
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HOST HOTELS & RESORTS, INC. |
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Date: |
May 22, 2023 |
By: |
/s/ Joseph C. Ottinger |
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Joseph C. Ottinger |