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, 2013
SENIOR HOUSING PROPERTIES TRUST
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
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1-15319 |
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04-3445278 |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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Two Newton Place, 255 Washington Street, Suite 300, |
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02458-1634 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
617-796-8350
(Registrant’s Telephone Number, Including Area Code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the annual meeting of shareholders of Senior Housing Properties Trust, or the Company, held on May 9, 2013, the Company’s shareholders elected John L. Harrington as the Independent Trustee in Group II of the Board of Trustees for a three year term of office until the Company’s 2016 annual meeting of shareholders and to serve until his successor shall have been elected and qualified. Mr. Harrington received the following votes: For — 44,136,106; Withhold — 93,344,892; and Broker Non-Votes — 33,576,982.
The Company’s shareholders also elected Adam D. Portnoy as the Managing Trustee in Group II of the Board of Trustees for a three year term of office until the Company’s 2016 annual meeting of shareholders and to serve until his successor shall have been elected and qualified. Mr. Portnoy received the following votes: For — 37,116,551; Withhold — 100,364,447; and Broker Non-Votes — 33,576,982.
The Company’s shareholders approved a nonbinding advisory resolution on the compensation paid to the Company’s executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company’s proxy statement dated February 21, 2013, relating to the Company’s 2013 annual meeting of shareholders. This proposal received the following votes:
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For |
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Against |
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Abstain |
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Broker Non-Vote |
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127,815,171 |
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9,087,383 |
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578,444 |
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33,576,982 |
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The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2013. This proposal received the following votes:
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For |
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Against |
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Abstain |
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Broker Non-Vote |
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169,641,409 |
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702,938 |
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713,633 |
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N/A |
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The results reported above are final voting results.
Item 8.01. Other Events.
Trustee Compensation
On May 9, 2013, the Company updated its trustee compensation arrangements. A summary of the Company’s currently effective trustee compensation arrangements is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
On May 9, 2013, the Company granted each of the Company’s Trustees 2,000 common shares of beneficial interest, $.01 par value, or Common Shares, valued at $28.64, the closing price of the Common Shares on the New York Stock Exchange on that day, consistent with the trustee compensation arrangements.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 Summary of Trustee Compensation.
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.
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SENIOR HOUSING PROPERTIES TRUST | ||
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By: |
/s/ Richard A. Doyle |
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Name: |
Richard A. Doyle |
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Title: |
Treasurer & Chief Financial Officer |
Date: May 15, 2013
Exhibit 10.1
SENIOR HOUSING PROPERTIES TRUST
Summary of Trustee Compensation
The following is a summary of the currently effective compensation of the Trustees of Senior Housing Properties Trust (the “Company”) for services as Trustees, which is subject to modification at any time by the Board of Trustees.
· Each Independent Trustee receives an annual fee of $35,000, plus a fee of $1,000 for each meeting attended. Up to two $1,000 fees are payable if more than one board and board committee meetings are held on the same date.
· The chairpersons of the audit committee, the compensation committee and the nominating and governance committee, each of whom is an Independent Trustee, receive an additional annual fee of $12,500, $7,500 and $7,500, respectively.
· Each Trustee receives a grant of 2,000 of the Company’s common shares of beneficial interest on the date of the first board meeting following each annual meeting of shareholders (or, for Trustees who are first elected or appointed at other times, on the day of the first board meeting attended).
· The Company generally reimburses all Trustees for travel expenses incurred in connection with their duties as Trustees and for out of pocket costs incurred from their attending certain continuing education programs.