FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Elects Directors

What Happened
First Real Estate Investment Trust of New Jersey, Inc. (filed as an 8-K on Aug 7, 2026) held its Annual Meeting on August 6, 2026 and elected two directors and approved two shareholder proposals. Robert S. Hekemian, Jr. and David F. McBride were elected to three-year terms. Shareholders also approved an advisory (non-binding) vote on executive compensation and ratified the appointment of EisnerAmper LLP as the Trust’s independent registered public accountants for the fiscal year ending October 31, 2026.

Key Details

• Directors elected:
  • Robert S. Hekemian, Jr.: 4,685,462 votes FOR; 47,802 WITHHELD; 1,894,924 broker non-votes.
  • David F. McBride: 4,533,303 votes FOR; 199,961 WITHHELD; 1,894,924 broker non-votes.
• Advisory (say-on-pay) vote on executive compensation: 4,390,728 FOR; 250,750 AGAINST; 91,786 ABSTENTIONS; 1,894,924 broker non-votes.
• Ratification of independent auditor (EisnerAmper LLP) for fiscal year ending Oct 31, 2026: 6,507,037 FOR; 118,284 AGAINST; 2,867 ABSTENTIONS; 0 broker non-votes.

Why It Matters
These outcomes finalize board composition for the next three years and show shareholder support for the Trust’s auditor and executive pay policy. The advisory vote is non-binding but indicates investor sentiment on compensation. Ratifying EisnerAmper ensures continuity of the Trust’s external audit for the fiscal year ending October 31, 2026. Broker non-votes on the director and compensation matters reflect shares held by brokers that did not vote on those proposals and can affect the total voting outcome for contested or tabulated matters.