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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 9, 2024
 
 
PROLOGIS, INC.
PROLOGIS, L.P.
(Exact name of registrant as specified in charter)
 
 
 
Maryland (Prologis, Inc.)
Delaware (Prologis, L.P.)
  
001-13545
(Prologis, Inc.)
001-14245
(Prologis, L.P.)
  
94-3281941
(Prologis, Inc.)
94-3285362
(Prologis, L.P.)
(State or other jurisdiction
of Incorporation)
  
(Commission
File Number)
  
(I.R.S. Employer
Identification No.)
 
Pier 1, Bay 1, San Francisco, California
  
94111
(Address of Principal Executive Offices)
  
(Zip Code)
Registrants’ Telephone Number, including Area Code: (415)
394-9000
N/A
(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 communications 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
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
☐
Pre-commencement
communications 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
Prologis, Inc.   Common Stock, $0.01 par value   PLD    New York Stock Exchange
Prologis, L.P.   3.000% Notes due 2026   PLD/26    New York Stock Exchange
Prologis, L.P.   2.250% Notes due 2029   PLD/29    New York Stock Exchange
Prologis, L.P.   5.625% Notes due 2040   PLD/40    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 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
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 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
At the Annual Meeting of Stockholders of Prologis, Inc. (the “Company”) held on May 9, 2024 (the “2024 Annual Meeting”), the Company’s stockholders approved amendments to the Company’s charter (via Articles of Amendment) and approved the amendment and restatement of the Company’s bylaws, in each case to reduce stockholder voting thresholds as described in further detail in the Company’s Definitive Proxy Statement on Schedule 14A as filed with the Securities and Exchange Commission on March 29, 2024.
The Articles of Amendment were filed with the State of Maryland on May 10, 2024 and are attached hereto as Exhibit 3.1 and incorporated herein by reference.
The Tenth Amended and Restated Bylaws of the Company became effective automatically upon their approval by the Company’s stockholders at the 2024 Annual Meeting and are attached hereto as Exhibit 3.2 and incorporated herein by reference.
 
Item 5.07.
Submission of Matters to a Vote of Security Holders.
At the 2024 Annual Meeting, the Company’s stockholders voted on the proposals listed below. The final results for the votes regarding each proposal are set forth below. The proposals are described in further detail in the Company’s Definitive Proxy Statement on Schedule 14A as filed with the Securities and Exchange Commission on March 29, 2024.
 
 
1.
Elect eleven directors to the Company’s Board of Directors to serve until the next Annual Meeting of Stockholders and until their successors are duly elected and qualified.
 
Name
   
Votes For
     
Votes Against
     
Abstentions
     
Broker
Non-Votes
  
Hamid R. Moghadam
      732,379,732        54,893,387        23,417,602        27,613,193  
Cristina G. Bita
      807,059,567        2,479,874        1,151,280        27,613,193  
James B. Connor
      788,531,160        20,965,203        1,194,358        27,613,193  
George L. Fotiades
      740,483,330        69,050,885        1,156,506        27,613,193  
Lydia H. Kennard
      710,555,278        98,982,743        1,152,700        27,613,193  
Irving F. Lyons III
      764,532,136        44,775,207        1,383,378        27,613,193  
Guy A. Metcalfe
      806,147,480        3,377,806        1,165,435        27,613,193  
Avid Modjtabai
      774,333,835        35,191,505        1,165,381        27,613,193  
David P. O’Connor
      742,024,905        66,982,260        1,683,556        27,613,193  
Olivier Piani
      784,805,211        24,720,278        1,165,232        27,613,193  
Carl B. Webb
      760,193,230        49,315,238        1,182,253        27,613,193  
 
 
2.
Advisory vote to approve the Company’s executive compensation for 2023.
 
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
740,135,461   68,868,039   1,687,221   27,613,193
 
 
3.
Ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year 2024.
 
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
796,626,048   41,149,034   528,832   0
 
4.
Amend the Company’s charter to reduce stockholder voting thresholds.
 
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
806,832,136   2,710,413   1,148,172   27,613,193
 
 
5.
Amend the Company’s bylaws to reduce stockholder voting thresholds.
 
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
807,700,111   1,821,115   1,169,495   27,613,193
 
 
6.
Stockholder proposal titled “Simple Majority Vote.”
 
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
402,488,965   407,038,771   1,162,985   27,613,193
 
Item 9.01.
Financial Statements and Exhibits.
 
  (d) 
Exhibits
.
The following documents have been filed as exhibits to this report and are incorporated by reference herein as described above.
 
Exhibit
 No. 
   
Description
3.1    Prologis, Inc. Articles of Amendment dated May 10, 2024
3.2    Tenth Amended and Restated Bylaws of Prologis, Inc.
104    Cover Page Interactive Data File – the cover page iXBRL tags are embedded within the Inline XBRL document.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended
, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
    PROLOGIS, INC.
Date: May 14, 2024     By:  
/s/ Deborah K. Briones
    Name:   Deborah K. Briones
    Title:   Managing Director and Deputy General Counsel
   
PROLOGIS, L.P.
By: Prologis, Inc.,
its General Partner
Date: May 14, 2024     By:  
/s/ Deborah K. Briones
    Name:   Deborah K. Briones
    Title:   Managing Director and Deputy General Counsel