Piedmont Office Realty Trust Files Proxy Materials

TL;DR

PDM filed more proxy docs - shareholders need to review for upcoming votes.

AI Summary

Piedmont Office Realty Trust, Inc. (NYSE: PDM) filed a Definitive Additional Materials (DEFA14A) on April 10, 2024. This filing relates to the company's proxy statement and provides additional information to shareholders regarding upcoming matters. The filing does not contain specific financial figures or transaction details but serves as supplementary material for the proxy solicitation process.

Why It Matters

This filing is important for shareholders as it contains supplementary information related to the company's proxy statement, which outlines proposals and voting matters to be considered at shareholder meetings.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement supplement and does not introduce new financial risks or significant corporate actions.

Key Players & Entities

• Piedmont Office Realty Trust, Inc. (company) — Registrant
• 0001174947-24-000529 (filing_id) — Accession Number
• 20240410 (date) — Filing Date
• 5565 Glenridge Connector, Ste 450, Atlanta, GA 30342 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.01 — 201d; means the Common Stock, par value $0.01 per share, of the Company, subject to a

Filing Documents

• ea0203600-01.htm (DEFA14A) — 304KB
• tpiedmont_bwlogo.jpg (GRAPHIC) — 24KB
• 0001174947-24-000529.txt ( ) — 339KB

From the Filing

MATERIALS SCHEDULE 14A (R ule  14A-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION ___________________ Proxy Statement Pursuant to Section 14(a)  of the Securities Exchange Act of 1934 Filed by the Registrant   Filed by a Party other than the Registrant   Check the appropriate box:   Preliminary Proxy Statement   Definitive Proxy Statement   Definitive Additional Materials   Soliciting Material under § 240.14a -12   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2)) PIEDMONT OFFICE REALTY TRUST, INC. (Name of Registrant as Specified in its Charter) _________________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than Registrant) Payment of Filing Fee (Check the appropriate box)   No fee required.   Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0 -11   Confidential, for Use of the Commission Only (as permitted by Rule 14a -6 (e)(2))   SUPPLEMENT TO PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To be Held on May 7, 2024 The date of this Supplement is April 9, 2024 On March 14, 2024, Piedmont Office Realty Trust, Inc., a Maryland corporation (the “Company”), filed a definitive proxy statement (the “Proxy Statement”) relating to the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”). The Company has set Tuesday, May 7, 2024 as the date for the 2024 Annual Meeting. The 2024 Annual Meeting will be held virtually via live webcast at 11:00 a.m. Eastern Time. As previously disclosed, the record date for determining the Company’s stockholders entitled to vote at the 2024 Annual Meeting has been fixed as the close of business on March 6, 2024. This supplement (“Supplement”) supplements and amends the information set forth in the Proxy Statement. Capitalized terms not defined in this Supplement have the meanings set forth in the Proxy Statement. After making the Proxy Statement available to stockholders, the Company was informed by Institutional Shareholder Services (“ISS”) that the proposal to amend the Company’s Second Amended and Restated 2007 Omnibus Incentive Plan (the “A&R Incentive Plan”) received an unfavorable recommendation as determined by ISS. On April 9, 2024, after consideration of the ISS recommendation, the Company’s Board of Directors (the “Board”) approved an amendment to the A&R Incentive Plan to prohibit the payment of dividends and dividend equivalent rights on unvested awards (the “Plan Amendment”). As a result, Proposal 4 of the Proxy Statement is hereby amended to remove all reference to paying dividend equivalent rights on unvested awards; dividends and dividend equivalent rights will not be paid on any unvested awards. The full text of the Plan Amendment to the A&R Incentive Plan is attached hereto as Appendix A to this Supplement. A copy of the A&R Incentive Plan, as revised as set forth in the Proxy Statement and this Supplement (as revised, the “Revised A&R Incentive Plan”), is attached hereto as Appendix B. The Board unanimously recommends that you vote “ FOR ” the approval of the Revised A&R Incentive Plan. The description of the amendment to the A&R Incentive Plan set forth in Proposal 4 is qualified in its entirety by reference to the copy of the Revised A&R Incentive Plan (as set forth in Appendix B of this Supplement), which is incorporated by reference into Proposal 4. Except as specifically stated herein, this Supplement does not otherwise modify or update any other disclosures presented in the Proxy Statement. This Supplement should be read with the Proxy Statement and, from and after the date of this Supplement, any references to the “Proxy Statement” shall be deemed to include the Proxy Statement as amended and supplemented by this Supplement. Any vote “ FOR ” or “ AGAINST ” or “ ABSTAIN ” that has been previously made will be counted, respectively, as a vote “ FOR ” or “ AGAINST ” or “ ABSTAIN ” with regard to the amendment to the A&R Incentive Plan, as described in the Proxy Statement and as revised as set forth in this Supplement. If any stockholder of the Company has previously voted and would like to change his, her or its vote on any matter, such stockholder may revoke his, her or its proxy before i