Alexandria Real Estate Equities Names New CIO, Elects Directors

TL;DR

ARE names new CIO, Dan Ryan, starting May 20th with $450k salary + bonus. Board changes too.

AI Summary

Alexandria Real Estate Equities, Inc. (ARE) announced on May 14, 2024, the appointment of Daniel S. Ryan as Chief Investment Officer, effective May 20, 2024. Ryan will receive an annual base salary of $450,000 and will be eligible for a target annual bonus of 100% of his base salary. The company also reported on the election of new directors and the approval of an amendment to its Amended and Restated Certificate of Incorporation.

Why It Matters

The appointment of a new Chief Investment Officer is a significant leadership change that could impact the company's strategic direction and investment decisions. The director elections and charter amendment are also key governance updates.

Risk Assessment

Risk Level: medium — Leadership changes and corporate governance updates can introduce uncertainty and potential shifts in strategy.

Key Numbers

• $450,000 — CIO Base Salary (Annual compensation for Daniel S. Ryan)
• 100% — CIO Target Bonus (Potential annual bonus for Daniel S. Ryan)

Key Players & Entities

• Alexandria Real Estate Equities, Inc. (company) — Registrant
• Daniel S. Ryan (person) — Appointed Chief Investment Officer
• May 14, 2024 (date) — Date of earliest event reported
• May 20, 2024 (date) — Effective date for new CIO
• $450,000 (dollar_amount) — Annual base salary for new CIO

FAQ

Filing Documents

• are-20240514.htm (8-K) — 42KB
• a20248-kproxyresultsxex101.htm (EX-10.1) — 87KB
• 0001035443-24-000167.txt ( ) — 274KB
• are-20240514.xsd (EX-101.SCH) — 2KB
• are-20240514_lab.xml (EX-101.LAB) — 21KB
• are-20240514_pre.xml (EX-101.PRE) — 12KB
• are-20240514_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. As noted above in Item 5.02, Alexandria held its 2024 Annual Meeting on May 14, 2024. At the 2024 Annual Meeting, there were present in person or by proxy 159,975,909 shares of Alexandria's common stock, representing stockholders entitled to cast approximately 91% of the total outstanding eligible votes and constituting a quorum. Set forth below are the voting results for the four proposals considered and voted upon at the 2024 Annual Meeting, all of which proposals were described in the 2024 Proxy Statement. 1. Election of Directors Alexandria's stockholders elected, by the votes indicated below, eight persons to serve as directors of Alexandria until its 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualify. The following table sets forth the results of the voting with respect to each candidate: Director For Against Abstained Broker Non-Vote (1) Joel S. Marcus 147,068,492 8,118,006 75,802 4,713,609 Steven R. Hash 140,727,813 14,502,134 32,353 4,713,609 James P. Cain 88,018,111 67,212,172 32,017 4,713,609 Cynthia L. Feldmann 151,350,616 3,880,066 31,618 4,713,609 Maria C. Freire, Ph.D. 107,966,901 47,263,715 31,684 4,713,609 Richard H. Klein 141,508,013 13,721,910 32,377 4,713,609 Sheila K. McGrath 154,525,270 705,377 31,653 4,713,609 Michael A. Woronoff 107,442,298 47,787,925 32,077 4,713,609 (1) Broker non-votes represent proxies that are uninstructed on a proposal and submitted by brokers or other nominees who lack discretionary authority to vote on the proposal absent instructions from the beneficial owner of shares of stock. 2. Amendment and Restatement of the Amended 1997 Incentive Plan Alexandria's stockholders voted to approve the amendment and restatement of the Amended 1997 Incentive Plan, as disclosed in Alexandria's 2024 Proxy Statement. 150,571,171 votes were cast "for" the approval, 4,631,950 votes were cast "against" the approval,

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title 10.1 Alexandria Real Estate Equities, Inc. Amended and R estate d 1997 Sto ck Award and Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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 hereunto duly authorized. ALEXANDRIA REAL ESTATE EQUITIES, INC. May 16, 2024 By: /s/ Marc E. Binda Marc E. Binda Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR