COPT Defense Properties Elects New Directors, Files Exhibits
Ticker: CDP · Form: 8-K · Filed: May 14, 2024 · CIK: 860546
| Field | Detail |
|---|---|
| Company | Copt Defense Properties (CDP) |
| Form Type | 8-K |
| Filed Date | May 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, filing, corporate-governance
TL;DR
COPT adds two new directors to the board, files financial exhibits.
AI Summary
COPT Defense Properties announced on May 9, 2024, the election of two new directors, Michael T. St. Clair and John E. "Jack" Sullivan, to its Board of Directors. Additionally, the company reported on matters submitted to a vote of security holders and filed financial statements and exhibits. The company also disclosed changes related to the departure and appointment of certain officers and compensatory arrangements.
Why It Matters
Changes in the board of directors can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and routine financial disclosures, with no immediate negative financial implications.
Key Players & Entities
- COPT Defense Properties (company) — Registrant
- Michael T. St. Clair (person) — Newly elected director
- John E. "Jack" Sullivan (person) — Newly elected director
- May 9, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to the COPT Defense Properties Board?
Michael T. St. Clair and John E. "Jack" Sullivan were elected as new directors to the Board of Directors.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 9, 2024.
What other items are reported in this 8-K filing besides director changes?
The filing also reports on the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
What is the Standard Industrial Classification (SIC) code for COPT Defense Properties?
The SIC code for COPT Defense Properties is 6798, which corresponds to Real Estate Investment Trusts.
What was the former name of COPT Defense Properties?
COPT Defense Properties was formerly known as Corporate Office Properties Trust.
Filing Stats: 847 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-05-14 16:26:41
Key Financial Figures
- $0.01 — Common Shares of beneficial interest, $0.01 par value CDP New York Stock Exchange
Filing Documents
- ofc-20240509.htm (8-K) — 65KB
- cdp05092024ex991.htm (EX-99.1) — 4KB
- 0000860546-24-000043.txt ( ) — 198KB
- ofc-20240509.xsd (EX-101.SCH) — 2KB
- ofc-20240509_lab.xml (EX-101.LAB) — 22KB
- ofc-20240509_pre.xml (EX-101.PRE) — 13KB
- ofc-20240509_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 On May 9, 2024, the Company held its 2024 Annual Meeting of Shareholders. At such meeting, the shareholders voted on proposals relating to: the election of nine trustees, each for a one-year term; an advisory vote to approve the compensation of the Company's named executive officers as disclosed in its proxy statement filed on March 28, 2024; approval of the Plan Amendment; and the ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the current fiscal year. The voting results at the meeting were as follows: Proposal 1: Election of Trustees Name of Nominee Shares For Shares Against Shares Withheld Broker Non-Votes Robert L. Denton, Sr. 94,927,207 6,665,896 63,319 3,074,898 Thomas F. Brady 96,104,393 5,488,710 63,319 3,074,898 Stephen E. Budorick 100,713,917 878,757 63,748 3,074,898 Philip L. Hawkins 100,149,703 1,443,400 63,319 3,074,898 Letitia A. Long 99,748,894 1,860,432 47,096 3,074,898 Essye B. Miller 100,468,067 1,143,427 44,928 3,074,898 Raymond L. Owens 100,855,116 756,580 44,726 3,074,898 C. Taylor Pickett 99,853,230 1,739,403 63,789 3,074,898 Lisa G. Trimberger 100,300,085 1,311,709 44,628 3,074,898 Votes Cast Broker Non-Votes For Against Abstain Proposal 2: Advisory Vote to Approve Compensation of Named Executive Officers 98,471,427 3,125,440 59,555 3,074,898 Votes Cast Broker Non-Votes For Against Abstain Proposal 3: Approval of an Amendment to the Company's 2017 Omnibus Equity and Incentive Plan to Increase the Number of Shares Reserved for Issuance thereunder by 3,500,000 Shares 95,887,499 5,695,266 73,657 3,074,898 Votes Cast Broker Non-Votes For Against Abstain Proposal 4: Ratification of the Appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accounting Firm for the Current Fiscal Year 98,979,403 5,707,404 44,513 N/A
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Exhibit Title 99.1 Second Amendment to COPT Defense Properties 2017 Omnibus Equity and Incentive Plan (filed herewith) . 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. COPT DEFENSE PROPERTIES /s/ Anthony Mifsud Anthony Mifsud Executive Vice President and Chief Financial Officer Date: May 14, 2024