Boston Properties Inc. Files Definitive Proxy Statement

Ticker: BXP · Form: DEF 14A · Filed: 2024-04-12T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Boston Properties, Corporate Governance, Executive Compensation

TL;DR

<b>Boston Properties Inc. has filed its Definitive Proxy Statement for the period ending May 22, 2024.</b>

AI Summary

BOSTON PROPERTIES INC (BXP) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Boston Properties Inc. filed a Definitive Proxy Statement (DEF 14A) on April 12, 2024. The filing covers the period ending May 22, 2024. The company's fiscal year ends on December 31. Boston Properties Inc. is incorporated in Delaware. The company's principal executive offices are located at 800 Boylston Street, Suite 1900, Boston, MA 02199.

Why It Matters

For investors and stakeholders tracking BOSTON PROPERTIES INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders can review executive compensation details, director nominations, and other corporate governance proposals.

Risk Assessment

Risk Level: low — BOSTON PROPERTIES INC shows low risk based on this filing. The filing is a standard DEF 14A, indicating no immediate or unusual financial or operational distress.

Analyst Insight

Review the proxy statement for details on executive compensation and any shareholder proposals to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did BOSTON PROPERTIES INC file this DEF 14A?

BOSTON PROPERTIES INC filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by BOSTON PROPERTIES INC (BXP).

Where can I read the original DEF 14A filing from BOSTON PROPERTIES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by BOSTON PROPERTIES INC.

What are the key takeaways from BOSTON PROPERTIES INC's DEF 14A?

BOSTON PROPERTIES INC filed this DEF 14A on April 12, 2024. Key takeaways: Boston Properties Inc. filed a Definitive Proxy Statement (DEF 14A) on April 12, 2024.. The filing covers the period ending May 22, 2024.. The company's fiscal year ends on December 31..

Is BOSTON PROPERTIES INC a risky investment based on this filing?

Based on this DEF 14A, BOSTON PROPERTIES INC presents a relatively low-risk profile. The filing is a standard DEF 14A, indicating no immediate or unusual financial or operational distress.

What should investors do after reading BOSTON PROPERTIES INC's DEF 14A?

Review the proxy statement for details on executive compensation and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does BOSTON PROPERTIES INC compare to its industry peers?

Boston Properties Inc. operates as a Real Estate Investment Trust (REIT), focusing on the ownership, management, and development of office properties.

Are there regulatory concerns for BOSTON PROPERTIES INC?

As a publicly traded company, Boston Properties Inc. is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.

Industry Context

Boston Properties Inc. operates as a Real Estate Investment Trust (REIT), focusing on the ownership, management, and development of office properties.

Regulatory Implications

As a publicly traded company, Boston Properties Inc. is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.

What Investors Should Do

  1. Review the executive compensation disclosures.
  2. Examine director nominations and qualifications.
  3. Understand any shareholder proposals and the company's recommendation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,591 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-12 10:58:08

Key Financial Figures

Filing Documents

From the Filing

bxp-20240412 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 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 Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 BOSTON PROPERTIES, INC. (Name of Registrant as Specified in its Charter) Not applicable. (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 12, 2024 Dear Fellow BXP Stockholders, You are cordially invited to attend the 2024 annual meeting of stockholders of Boston Properties, Inc. The annual meeting will be held on Wednesday, May 22, 2024 at 9:00 a.m., Pacific Time, at Salesforce Tower, 415 Mission Street, 55th Floor, San Francisco, CA 94105. The proxy statement, with the accompanying formal notice of the meeting, describes the matters expected to be acted upon at the meeting. We encourage you to review these materials carefully and to use this opportunity to take part in BXP's affairs by voting on the matters described in the proxy statement. Following the formal portion of the meeting, we will provide a brief report on the operations of our company and our directors and management team will be available to answer appropriate questions from stockholders. Among other matters to be voted upon at the meeting is the election of directors. This year, the Board is pleased to announce the nomination of Timothy J. Naughton for election to BXP's Board. Tim is the Chairman of the Board of AvalonBay Communities, Inc., where he previously served as Chief Executive Officer. Our proxy statement includes more information about Tim, as well as our continuing directors nominated for election at the 2024 annual meeting. On behalf of the BXP Board, we extend our sincere gratitude to Kelly A. Ayotte, who will not be standing for re-election in 2024 following six years of service on our Board. Kelly made significant contributions to BXP during her tenure, including serving as the Lead Independent Director and Chair of the Compensation Committee. The Board is deeply appreciative for her service and wishes her the best of luck as she seeks election to the office of Governor of New Hampshire. Your vote is important. Your proxy or voting instruction card includes specific information regarding the several ways to vote your shares. We encourage you to vote as soon as possible, even if you plan to attend the meeting. You may vote over the internet, by telephone or by mail. Thank you for your continued support of BXP. Sincerely, Owen D. Thomas Chairman and Chief Executive Officer Joel I. Klein Lead Independent Director Notice of 2024 Annual Meeting of Stockholders of Boston Properties, Inc. 2024 Annual Meeting Information Date & Time Wednesday, May 22, 2024 9:00 a.m., Pacific Time Location Salesforce Tower 415 Mission Street, 55th Floor San Francisco, CA 94105 Record Date March 27, 2024. Only holders of record of BXP common stock at the close of business on the record date are entitled to receive notice of, and to vote at, the annual meeting. 1 To elect the eleven (11) nominees for director named in the proxy statement, each to serve for a one-year term and until their respective successors are duly elected and qualified 2 To hold a non-binding, advisory vote on named executive officer compensation 3 To approve the Fourth Amendment to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan 4 To ratify the Audit Committee's appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024 5 To consider and act upon any other matters that are properly brought by or at the direction of the Board of Directors before the annual meeting and at any adjournments or postponements thereof Proxy Voting Whether or not you plan to attend the meeting and vote your shares of common stock in person, we urge you to vote your shares as instructed in the proxy statement. If you received a copy of the proxy card by mail, you may sign, date and mail the proxy card in the postage-paid envelope provided. If your shares of common stock are held by a broker, bank or other nominee, please follow the instructions you receive from your broker, bank or other nominee to have your shares of common stock voted. Any proxy may be revoked at any time prior to its exercise at the annual meeting. By Order of the Bo

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