UDR, Inc.(NYSE:UDR) Annual Meeting Of Shareholders Results

(Before It's News)

UDR, Inc. (NYSE:UDR) held the Annual Meeting on May 21, 2015. At the Annual Meeting, UDR, Inc. stockholders voted on the election of eight nominated directors to serve for the ensuing year, a proposal to ratify the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2015, and a resolution to approve, on an advisory basis, the compensation of the Company’s named executive officers.
 
As of March 23, 2015, the record date for the Annual Meeting, there were 258,981,548 shares of common stock, 2,803,812 shares of our Series E preferred stock and 2,464,183 shares of Series F preferred stock issued and outstanding and entitled to vote on the proposals presented at the Annual Meeting. At the Annual Meeting, all of the eight directors were elected and all of the matters submitted for approval were approved. Set forth below are the final voting results for each of the proposals submitted to a vote of the Company’s stockholders at the Annual Meeting.
 
1.  At the Annual Meeting, the Company’s stockholders elected, by the vote indicated below, the following eight persons as directors of the Company, each to serve as such until the Company’s annual meeting of stockholders to be held in 2016, or until his or her respective successor is duly elected and qualified:

 
2. At the Annual Meeting, the stockholders approved the proposal to ratify the appointment of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2015, by the vote indicated below:

 
3. At the Annual Meeting, the stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s Proxy Statement for the Meeting pursuant to the compensation disclosure rules of the Securities and Exchange Commission, by the vote indicated below:

UDR, Inc. (UDR) is a self-administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.

UDR holds interests in other operating partnerships, subsidiaries and joint ventures, owns and operates properties, issues securities from time to time and guarantees debt of certain of its subsidiaries. UDR owned approximately 94.9% of the limited partnership interests of the Operating Partnership. Its consolidated apartment portfolio included 141 communities located in 21 markets, with a total of 41,250 completed apartment homes.

The Company operates in two segments: Same-Store Communities, which include those communities acquired, developed, and stabilized prior to January 1, 2012, and held as of December 31, 2013 and Non-Mature Communities/Other, which include those communities that were acquired or developed in 2011, 2012 or 2013.

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