KBS Real Estate Investment Trust III, Inc. Announces Annual Meeting of Stockholders

TL;DR

<b>KBS Real Estate Investment Trust III, Inc. will hold its annual meeting on July 23, 2024, to elect directors and ratify auditors.</b>

AI Summary

KBS Real Estate Investment Trust III, Inc. (KBSR) filed a Proxy Statement (DEF 14A) with the SEC on April 25, 2024. Annual meeting of stockholders to be held on Tuesday, July 23, 2024, at 11:00 a.m. Pacific time. The meeting will take place at the offices of KBS, 800 Newport Center Drive, 7th Floor Boardroom, Newport Beach, California. Stockholders will vote on the election of five directors for one-year terms. The appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2024, will be ratified. April 24, 2024, has been selected as the record date for determining stockholders entitled to vote.

Why It Matters

For investors and stakeholders tracking KBS Real Estate Investment Trust III, Inc., this filing contains several important signals. The election of directors and ratification of the auditor are key governance activities that directly impact the company's oversight and financial reporting. The annual meeting provides a platform for stockholders to exercise their voting rights on important corporate matters.

Risk Assessment

Risk Level: low — KBS Real Estate Investment Trust III, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial information or significant strategic changes.

Analyst Insight

Stockholders should review the director nominees and the auditor ratification to make informed voting decisions.

Key Numbers

• 5 — Directors to be elected (To hold office for one-year terms.)
• 2024 — Fiscal Year End (For which Ernst & Young LLP is appointed as auditor.)
• 11:00 a.m. Pacific time — Meeting Start Time (For the annual meeting of stockholders.)

Key Players & Entities

• KBS Real Estate Investment Trust III, Inc. (company) — Registrant name
• Ernst & Young LLP (company) — Independent registered public accounting firm
• July 23, 2024 (date) — Date of annual meeting
• April 24, 2024 (date) — Record date for voting
• December 31, 2024 (date) — Fiscal year end for auditor appointment
• 800 Newport Center Drive, Suite 700, Newport Beach, California 92660 (address) — Company business and mailing address

FAQ

Industry Context

KBS Real Estate Investment Trust III, Inc. operates as a real estate investment trust, focusing on acquiring and managing real estate assets.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.

What Investors Should Do

1. Review the backgrounds and qualifications of the director nominees.
2. Consider the recommendation of the Board of Directors regarding the ratification of Ernst & Young LLP.
3. Ensure voting rights are exercised by the record date of April 24, 2024.

Key Dates

• 2024-07-23: Annual Meeting of Stockholders — Election of directors and ratification of auditors.
• 2024-04-24: Record Date — Determines stockholders entitled to vote.
• 2024-04-25: Filing Date — Date of DEF 14A filing.

Year-Over-Year Comparison

This is a DEF 14A filing for the annual meeting, indicating a routine corporate governance event.

Key Financial Figures

• $40,000 — tion services we will pay approximately $40,000, plus reimbursement of Broadridge's out

Filing Documents

• kbsriiidef14a-definitivepr.htm (DEF 14A) — 299KB
• kbsriiidef14aproxycard0420.jpg (GRAPHIC) — 89KB
• kbsriiidef14aproxycard0420a.jpg (GRAPHIC) — 105KB
• kbsriiidef14aproxycard0420b.jpg (GRAPHIC) — 451KB
• kbsriiidef14aproxycard0420c.jpg (GRAPHIC) — 527KB
• kbsriiidef14asignature.jpg (GRAPHIC) — 62KB
• kbsriiilogo.jpg (GRAPHIC) — 1027KB
• 0001482430-24-000030.txt (&nbsp;) — 3108KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain statements contained in this proxy statement other than historical facts may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such statements include, in particular, statements about our plans, strategies, and prospects and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We make no representations or warranties (expressed or implied) about the accuracy of any such forward-looking statements contained in this proxy statement, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law. Any such forward-looking statements are subject to risks, uncertainties, and other factors and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual conditions, our ability to accurately anticipate results expressed in such forward-looking statements may be significantly hindered.

View Full Filing

View this DEF 14A filing on SEC EDGAR