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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 18, 2023

SOTHERLY HOTELS INC.

SOTHERLY HOTELS LP

(Exact name of Registrant as Specified in Its Charter)

Maryland (Sotherly Hotels Inc.)

Delaware (Sotherly Hotels LP)

001-32379 (Sotherly Hotels Inc.)

001-36091 (Sotherly Hotels LP)

20-1531029 (Sotherly Hotels Inc.)

20-1965427 (Sotherly Hotels LP)

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

 

306 South Henry Street, Suite 100

Williamsburg, Virginia

23185

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (757) 229-5648

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:

☐

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))

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).

Sotherly Hotels Inc. ☐ Sotherly Hotels LP ☐

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.

Sotherly Hotels Inc. ☐ Sotherly Hotels LP ☐

 

Securities registered or to be registered pursuant to Section 12(b) of the Act.

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

SOHO

The NASDAQ Stock Market LLC

8.0% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value

SOHOB

The NASDAQ Stock Market LLC

7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value

SOHOO

The NASDAQ Stock Market LLC

8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value

SOHON

The NASDAQ Stock Market LLC

 

 

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

Sotherly Hotels Inc. (the "Company") held its 2023 Annual Meeting of Stockholders on May 18, 2023 (the "Annual Meeting"). The Company is providing the following information regarding the final results of the matters voted on by stockholders at the Annual Meeting:

a)
Election of seven (7) directors to serve for the ensuing year and until their respective successors are elected:

 

Director Nominee

Votes For

Votes Withheld

Broker Non-Votes

Maria L. Caldwell

6,003,982

205,960

5,530,941

David R. Folsom

5,983,096

226,846

5,530,941

G. Scott Gibson IV

5,986,659

223,283

5,530,941

Andrew M. Sims

5,873,965

335,977

5,530,941

Edward S. Stein

5,435,709

774,233

5,530,941

Herschel J. Walker

4,028,875

2,181,067

5,530,941

Gen. Anthony C. Zinni

5,513,108

696,834

5,530,941
b)
Ratification of the appointment of FORVIS, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023: 11,356,348 shares in favor, 323,046 shares against and 61,489 shares abstaining. There were no broker non-votes for this proposal.
c)
An advisory vote on executive compensation: 5,431,959 shares in favor, 729,670 shares against and 48,313 shares abstaining. There were 5,530,941 broker non-votes for this proposal.

 

 

 

 

 

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

Date: May 18, 2023

SOTHERLY HOTELS INC.

 

By:

/s/ Anthony E. Domalski

Anthony E. Domalski

Chief Financial Officer

 

 

SOTHERLY HOTELS LP

 

 

 

by its General Partner,

 

 

 

SOTHERLY HOTELS INC.

 

 

 

 

 

By:

/s/ Anthony E. Domalski

Anthony E. Domalski

Chief Financial Officer