Sotherly Hotels Reports on Shareholder Vote Matters

TL;DR

SOHO shareholders to vote on Series C preferred stock matters.

AI Summary

Sotherly Hotels Inc. (SOHO) filed an 8-K on May 1, 2024, to report on the submission of matters to a vote of security holders. The filing pertains to the company's Seven Point Eight Seven Five Percentage Series C Cumulative Redeemable Perpetual Preferred Stock, with specific details on voting rights and procedures to be presented to shareholders.

Why It Matters

This filing indicates upcoming shareholder decisions regarding the company's preferred stock, which could impact the rights and financial standing of those specific investors.

Risk Assessment

Risk Level: low — The filing is procedural, reporting on an upcoming vote rather than announcing a significant event like a merger or financial distress.

Key Players & Entities

• Sotherly Hotels Inc. (company) — Filer
• SOTHERLY HOTELS LP (company) — Filer
• Seven Point Eight Seven Five Percentage Series C Cumulative Redeemable Perpetual Preferred Stock (security) — Subject of shareholder vote

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value SOHO The NASDAQ Stock Mar

Filing Documents

• soho-20240430.htm (8-K) — 75KB
• 0000950170-24-050965.txt ( ) — 260KB
• soho-20240430.xsd (EX-101.SCH) — 62KB
• soho-20240430_htm.xml (XML) — 12KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. Sotherly Hotels Inc. (the "Company") held its 2024 Annual Meeting of Stockholders on April 30, 2024 (the "Annual Meeting"). The Company is providing the following information regarding the final results of the matters voted on by stockholders at the Annual Meeting: a) Election of seven (7) directors to serve for the ensuing year and until their respective successors are elected: Director Nominee Votes For Votes Withheld Broker Non-Votes Maria L. Caldwell 5,458,332 550,726 7,750,411 David R. Folsom 5,242,042 767,016 7,750,411 G. Scott Gibson IV 5,467,307 541,751 7,750,411 Walter S. Robertson III 5,460,960 548,098 7,750,411 Andrew M. Sims 5,237,042 772,016 7,750,411 Herschel J. Walker 5,238,840 770,218 7,750,411 Gen. Anthony C. Zinni 4,961,820 1,047,238 7,750,411 b) Ratification of the appointment of FORVIS, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024: 13,208,661 shares in favor, 473,930 shares against and 76,878 shares abstaining. There were no broker non-votes for this proposal. c) An advisory vote on executive compensation: 5,051,265 shares in favor, 896,698 shares against and 61,095 shares abstaining. There were 7,750,411 broker non-votes for this proposal.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: May 1, 2024 SOTHERLY HOTELS INC. By: /s/ Anthony E. Domalski Anthony E. Domalski Chief Financial Officer SOTHERLY HOTELS LP by its General Partner, SOTHERLY HOTELS INC. By: /s/ Anthony E. Domalski Anthony E. Domalski Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR