Saul Centers Files 8-K on Shareholder Votes & Financials

Ticker: BFS-PE · Form: 8-K · Filed: May 21, 2024 · CIK: 907254

Saul Centers, Inc. 8-K Filing Summary
FieldDetail
CompanySaul Centers, Inc. (BFS-PE)
Form Type8-K
Filed DateMay 21, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: corporate-governance, financial-reporting, shareholder-vote

Related Tickers: SAUL

TL;DR

Saul Centers 8-K: Shareholder votes, financials, and preferred stock updates filed May 17.

AI Summary

Saul Centers, Inc. filed an 8-K on May 17, 2024, reporting on the submission of matters to a vote of security holders, other events, and financial statements and exhibits. The filing includes details regarding common stock and Series D and E preferred stock, with the company's principal executive office located at 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland.

Why It Matters

This filing provides investors with updates on corporate governance matters and financial reporting, crucial for understanding the company's operational status and shareholder decisions.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and financial information, not indicating any immediate operational or financial distress.

Key Players & Entities

  • SAUL CENTERS, INC. (company) — Registrant
  • May 17, 2024 (date) — Date of earliest event reported
  • 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522 (address) — Principal executive office
  • Maryland (jurisdiction) — State of Incorporation
  • 1-12254 (identifier) — Commission File Number
  • 52-1833074 (identifier) — IRS Employer Identification Number

FAQ

What specific matters were submitted to a vote of security holders?

The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text snippet.

What are the key dates associated with this 8-K filing?

The date of the report and the date of the earliest event reported is May 17, 2024.

Where is Saul Centers, Inc. headquartered?

Saul Centers, Inc.'s principal executive office is located at 7501 Wisconsin Avenue, Suite 1500E, Bethesda, Maryland 20814-6522.

What is the company's state of incorporation?

The company is incorporated in Maryland.

What types of stock are mentioned in relation to the filing date?

The filing mentions common stock, Series D preferred stock, and Series E preferred stock, all with a date of May 17, 2024.

Filing Stats: 732 words · 3 min read · ~2 pages · Grade level 8.9 · Accepted 2024-05-21 16:27:14

Key Financial Figures

  • $0.01 — ge on which registered: Common Stock, $0.01 par value BFS New York Stock Exchange

Filing Documents

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On May 17, 2024, the Company held its Annual Meeting of Stockholders, at which Philip D. Caraci, Willoughby B. Laycock, LaSalle D. Leffall III, Earl A. Powell III, and Mark Sullivan III were elected to the Board of Directors for three-year terms expiring at the 2027 Annual Meeting. The Board members whose terms did not expire as of the May 17, 2024 meeting continue as directors of the Company. Holders of 23,034,833 shares of the Company's common stock voted in person at the meeting or by proxy (representing 96.1% of the 23,981,695 shares eligible to vote) as follows: In Favor Withheld Not Voted Philip D. Caraci 15,205,622 6,845,250 983,961 Willoughby B. Laycock 21,114,789 936,083 983,961 LaSalle D. Leffall III 22,000,372 50,500 983,961 Earl A. Powell III 21,943,053 107,819 983,961 Mark Sullivan III 21,817,106 233,766 983,961 The stockholders voted in favor of the ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm as follows: In Favor Opposed Abstain 23,013,333 9,068 12,432 The stockholders voted to approve the Company's 2024 Stock Incentive Plan. In Favor Opposed Abstain Not Voted 14,887,693 7,143,085 20,094 983,961 The stockholders voted to approve an amendment to our charter to increase the number of authorized shares of common stock of the Company, par value $0.01 per share, from 40 million to 50 million shares and increase the number of authorized shares of excess stock, par value $0.01 per share, from 41 million to 51 million shares. In Favor Opposed Abstain Not Voted 21,931,419 103,018 16,435 983,961

01. Other Events

Item 8.01. Other Events. The Company posted on its web site, www.saulcenters.com, an annual presentation summarizing various operating results and business activities. The presentation is filed as Exhibit 99.(a) to this current report on Form 8-K.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 3.1 Articles of Incorporation of Saul Centers, Inc. 99.(a) Annual Presentation.

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. SAUL CENTERS, INC. By: /s/ Carlos L. Heard Carlos L. Heard Senior Vice President and Chief Financial Officer Dated: May 21, 2024

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