Starwood Property Trust Holds Stockholder Vote on Merger

Ticker: STWD · Form: 8-K · Filed: 2024-05-07T00:00:00.000Z

Sentiment: neutral

Topics: merger, vote, real-estate

TL;DR

SPG stockholders voted on the STWD merger today, outcome pending.

AI Summary

On May 3, 2024, Starwood Property Trust, Inc. filed an 8-K report indicating that it held a special meeting of its stockholders. The primary purpose of this meeting was to vote on the proposed merger with Starwood Real Estate Investment Trust, Inc. The outcome of this vote will determine the future structure of the company.

Why It Matters

The outcome of this stockholder vote is crucial as it will determine whether Starwood Property Trust merges with Starwood Real Estate Investment Trust, potentially altering its asset portfolio and strategic direction.

Risk Assessment

Risk Level: medium — The merger vote introduces uncertainty regarding the company's future structure and operations, which could impact its stock performance.

Key Players & Entities

FAQ

What was the primary purpose of the special meeting of Starwood Property Trust stockholders on May 3, 2024?

The primary purpose was to vote on the proposed merger with Starwood Real Estate Investment Trust, Inc.

What is the exact name of the registrant filing this 8-K?

The exact name of the registrant is Starwood Property Trust, Inc.

In which state was Starwood Property Trust, Inc. incorporated?

Starwood Property Trust, Inc. was incorporated in Maryland.

What is the Commission File Number for Starwood Property Trust, Inc.?

The Commission File Number is 001-34436.

What is the business address of Starwood Property Trust, Inc.?

The business address is 591 West Putnam Avenue, Greenwich, CT 06830.

Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-05-07 16:07:39

Key Financial Figures

Filing Documents

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. On May 3, 2024, Starwood Property Trust, Inc. (the "Company") held its 2024 annual meeting of shareholders (the "Annual Meeting"). At the Annual Meeting, the Company's shareholders: (i) elected the nine persons listed below as directors of the Company, each to serve until the Company's 2025 annual meeting of shareholders and until his or her successor is duly elected and qualified; (ii) approved, on an advisory basis, the Company's executive compensation as disclosed in the Company's definitive proxy statement; and (iii) ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the calendar year ending December 31, 2024. Set forth below are the voting results for each of the proposals voted upon by the Company's shareholders at the Annual Meeting: Proposal 1 – Election of Directors Nominee For Withheld Broker Non- Votes Richard D. Bronson 147,541,087 4,414,908 91,467,921 Jeffrey G. Dishner 149,636,722 2,319,273 91,467,921 Camille J. Douglas 141,889,991 10,066,004 91,467,921 Deborah L. Harmon 150,686,151 1,269,844 91,467,921 Solomon J. Kumin 150,445,809 1,510,186 91,467,921 Fred Perpall 150,704,130 1,251,865 91,467,921 Fred S. Ridley 131,590,512 20,365,483 91,467,921 Barry S. Sternlicht 145,858,086 6,097,909 91,467,921 Strauss Zelnick 147,831,263 4,124,732 91,467,921 Proposal 2 – Advisory Vote on Executive Compensation For Against Abstentions Broker Non-Votes 145,953,686 4,535,661 1,466,648 91,467,921 Proposal 3 – Ratification of Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the Calendar Year Ending December 31, 2024 For Against Abstentions Broker Non-Votes 241,006,374 1,641,213 776,329 - SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report

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