UDR, Inc. 8-K
Research Summary
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UDR, Inc. Reports Annual Meeting Voting Results
What Happened
UDR, Inc. filed an 8‑K reporting the results of its Annual Meeting of Shareholders held May 21, 2026. Shareholders elected all eight nominated directors to serve until the 2027 annual meeting, approved on an advisory basis the compensation of the company’s named executive officers ("say‑on‑pay"), and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the year ending December 31, 2026. The record date for the meeting was March 23, 2026.
Key Details
- Record date share counts: 325,894,021 shares of common stock; 2,600,678 shares of Series E preferred; 10,026,490 shares of Series F preferred entitled to vote.
- Directors elected (all to serve until 2027): Richard B. Clark; Ellen M. Goitia; Jon A. Grove; Mary Ann King; Robert A. McNamara; Kevin C. Nickelberry; Mark R. Patterson; Thomas W. Toomey. Each received a majority of votes cast; broker non‑votes totaled 8,459,602 for the director and say‑on‑pay items.
- Say‑on‑pay (advisory) vote: 213,004,891 For; 97,164,665 Against; 338,303 Abstentions (≈68.7% For vs. Against).
- Auditor ratification: Ernst & Young LLP ratified with 304,753,929 For; 14,149,801 Against; 63,731 Abstentions (≈95.6% For vs. Against).
Why It Matters
The meeting results confirm board continuity and management oversight for the coming year, with all incumbent nominees re‑elected. The advisory approval of executive compensation—while passing—showed a meaningful level of shareholder opposition (~31% of votes cast opposed), which investors and the company may monitor for governance and compensation discussions going forward. Ratification of Ernst & Young ensures continuity of the company’s independent audit engagement for 2026.
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