0001511337 false 0001511337 2020-04-30 2020-05-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): May 1, 2020

 

 

RLJ LODGING TRUST

(Exact Name of Registrant as Specified in Charter)

 

 

Maryland  001-35169  27-4706509

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

3 Bethesda Metro Center

Suite 1000

Bethesda, MD 20814

(Address of Principal Executive Offices, and Zip Code)

 

(301) 280-7777

(Registrant’s Telephone Number, Including Area Code)

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Shares of beneficial interest, par value $0.01 per share RLJ New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On May 1, 2020, RLJ Lodging Trust (the “Company”) held its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) at which (i) trustees were elected, (ii) the appointment of PricewaterhouseCoopers LLP (“PWC”), the Company’s independent registered public accounting firm, was ratified and (iii) the compensation program for the Company’s named executive officers was approved in an advisory vote. The proposals are described in detail in the Company’s Proxy Statement for the Annual Meeting, which was filed with the Securities and Exchange Commission on March 30, 2020. The final results for the votes regarding each proposal are set forth below.

 

Election of Trustees

 

The following persons were duly elected as trustees of the Company until the 2021 Annual Meeting of Shareholders or until their successors are duly elected and qualified: Robert L. Johnson, Leslie D. Hale, Evan Bayh, Arthur R. Collins, Nathaniel A. Davis, Patricia L. Gibson, Robert M. La Forgia, Robert J. McCarthy and Glenda G. McNeal. The table below sets forth the voting results for each trustee nominee:

 

Nominee  Votes For   Votes Against   Abstentions  

Broker

Non-Votes

 
Robert L. Johnson   127,371,055    2,329,680    171,476    11,740,388 
Leslie D. Hale   129,419,353    280,663    172,195    11,740,388 
Evan Bayh   123,626,295    6,076,479    169,437    11,740,388 
Arthur R. Collins   129,336,936    364,315    170,960    11,740,388 
Nathaniel A. Davis   101,254,904    28,445,808    171,499    11,740,388 
Patricia L. Gibson   129,453,353    250,286    168,572    11,740,388 
Robert M. La Forgia   129,437,387    262,058    172,766    11,740,388 
Robert J. McCarthy   129,438,949    260,298    172,964    11,740,388 
Glenda G. McNeal   128,799,885    901,262    171,064    11,740,388 

 

Ratification of PWC as the Company’s independent registered public accounting firm

 

At the Annual Meeting, the Company’s shareholders ratified the appointment of PWC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020. The table below sets forth the voting results for this proposal:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 140,205,123    1,214,102    193,374    0 

 

Advisory Vote to Approve Named Executive Officer Compensation

 

At the Annual Meeting, the Company’s shareholders voted on a non-binding resolution to approve the compensation program for the Company’s named executive officers. The table below sets forth the voting results for this proposal:

 

Votes For   Votes Against   Abstentions   Broker Non-Votes 
 119,136,087    10,500,069    236,055    11,740,388 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  RLJ LODGING TRUST
   
   
Date: May 6, 2020 By: /s/ Frederick D. McKalip
    Frederick D. McKalip
    Senior Vice President and General Counsel

 

 

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