Phillips Edison Files 8-K: Shareholder Vote & Financials

TL;DR

PECO filed an 8-K covering shareholder votes and financials. Keep an eye on their next moves.

AI Summary

On April 30, 2024, Phillips Edison & Company, Inc. filed an 8-K report detailing a submission of matters to a vote of security holders, a Regulation FD disclosure, and financial statements and exhibits. The filing pertains to their operations as a real estate investment trust.

Why It Matters

This filing provides crucial updates on corporate governance and financial health for Phillips Edison & Company, Inc., impacting investor decisions.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report covering standard corporate disclosures and does not indicate any immediate or significant negative events.

Key Numbers

• 0001476204-24-000058 — Accession Number (Unique identifier for the filing)
• 001-40594 — SEC File Number (SEC's file number for the company)

Key Players & Entities

• Phillips Edison & Company, Inc. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• April 30, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — hange on which registered Common Stock $0.01 par value per share PECO The Nasdaq Glo
• $0.0975 — pectively, equal to a monthly amount of $0.0975 per share. The Company's May, June, and

Filing Documents

• cik0001476204-20240430.htm (8-K) — 54KB
• pecoapril2024pressreleasee.htm (EX-99.1) — 9KB
• cik0001476204-20240430_g1.jpg (GRAPHIC) — 330KB
• 0001476204-24-000058.txt ( ) — 871KB
• cik0001476204-20240430.xsd (EX-101.SCH) — 2KB
• cik0001476204-20240430_lab.xml (EX-101.LAB) — 21KB
• cik0001476204-20240430_pre.xml (EX-101.PRE) — 12KB
• cik0001476204-20240430_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 April 30, 2024 , Phillips Edison & Company, Inc. (the "Company") held its annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, the stockholders: (i) elected all nine directors to serve until the annual meeting in 2025 and until their successors are duly elected and qualified; (ii) approved, on an advisory basis, the compensation paid to the Company's named executive officers; (iii) approved, on an advisory basis, that the frequency of future Say-on-Pay votes will be one year; and (iv) ratified the selection of Deloitte & Touche LLP as the Company's independent auditor for fiscal year 2024. Based on these results, the Company's Board of Directors (the "Board") has determined that the Company will hold Say-on-Pay votes every year, until the next required advisory vote on the frequency of Say-on-Pay votes. The final voting results are below. Proposal 1: Election of Directors Nominee For Against Abstain Broker Non-Votes Jeffrey S. Edison 84,595,490 1,986,242 178,201 16,813,251 Leslie T. Chao 84,511,622 2,046,792 201,519 16,813,251 Elizabeth O. Fischer 85,463,171 1,103,851 192,911 16,813,251 Stephen R. Quazzo 85,706,494 856,851 196,588 16,813,251 Jane E. Silfen 86,209,906 361,763 188,264 16,813,251 John A. Strong 85,152,612 1,421,222 186,099 16,813,251 Anthony E. Terry 86,273,221 291,955 194,757 16,813,251 Parilee E. Wang 86,188,440 362,188 209,305 16,813,251 Gregory S. Wood 86,176,634 392,063 191,236 16,813,251 Proposal 2: Say-on-Pay For Against Abstain Broker Non-Votes 84,140,058 2,154,022 465,853 16,813,251 Proposal 3: Frequency of Future Say-on-Pay Votes One Year Two Years Three Years Abstain Broker Non-Votes 84,386,117 127,286 1,906,708 339,822 16,813,251 Proposal 4: Ratification of Auditor For Against Abstain Broker Non-Votes 102,785,594 495,011 292,579 N/A

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The Board approved distributions for May, June, and July 2024 to its stockholders of record at the close of business on May 15, 2024; June 17, 2024; and July 15, 2024, respectively, equal to a monthly amount of $0.0975 per share. The Company's May, June, and July 2024 distributions are expected to be made on or around June 4, 2024; July 2, 2024; and August 1, 2024, respectively. Operating partnership unit holders receive distributions at the same rate as common stockholders, subject to the required tax withholding. On April 30, 2024 , the Company issued a press release announcing the declaration of the May, June, and July 2024 distributions. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished to the Securities and Exchange Commission ("SEC"), and shall not be deemed to be "filed" with the SEC for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any other filing with the SEC except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release dated April 30, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)

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. PHILLIPS EDISON & COMPANY, INC. Dated: April 30, 2024 By: /s/ Jennifer L. Robison Jennifer L. Robison Chief Accounting Officer and Senior Vice President (Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR