UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the
Securities Exchange Act of 1934
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| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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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. ☐
Section 5 – Corporate Governance and Management
Item 5.07 Submission of Matters to a Vote of Security Holders
The annual meeting of stockholders (the “Annual Meeting”) of First Real Estate Investment Trust of New Jersey, Inc. (the “Trust”) was held on June 8, 2023. The following matters were submitted to the stockholders of the Trust at the Annual Meeting for their approval:
Election of Directors:
The stockholders of the Trust elected Robert S. Hekemian, Jr. and David F. McBride to serve as Directors of the Trust for three-year terms, with the following votes:
| Name | Votes For | Votes Withheld | Abstentions | Broker Non-Votes |
| Robert S. Hekemian, Jr. | 4,518,004 | 590,679 | -- | 1,476,070 |
| David F. McBride | 4,510,349 | 598,334 | -- | 1,476,070 |
Advisory resolution to approve the compensation of the Trust’s executive officers:
The stockholders of the Trust voted to approve an advisory resolution approving the compensation of the Trust’s executive officers as disclosed in the Trust’s proxy statement for the Annual Meeting pursuant to the requirements of Section 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder. Balloting for this vote was as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 3,811,721 | 716,044 | 580,918 | 1,476,070 |
Advisory resolution to determine the frequency of the advisory resolution to approve the compensation of the Trust’s executive officers:
The stockholders of the Trust voted upon an advisory resolution to determine whether the aforementioned advisory vote to approve the compensation of the Trust’s executive officers will occur every year, every two years, or every three years pursuant to the requirements of Section 14A of the Exchange Act and the rules promulgated thereunder. The stockholders voted for the approval of a three-year interval. Balloting for this vote was as follows:
| One Year | Two Years | Three Years | Abstentions | Broker Non-Votes |
| 2,002,726 | 238,625 | 2,834,985 | 32,347 | 1,476,070 |
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Ratification of Independent Registered Public Accountants:
The ratification of the Audit Committee’s appointment of EisnerAmper LLP as the Trust’s independent registered public accountants for the fiscal year ending October 31, 2023 was approved by the stockholders of the Trust, with the following votes:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 5,996,606 | 392,211 | 195,936 | 0 |
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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.
| FIRST
REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. | ||
| (Registrant) | ||
| By: | /s/ Robert S. Hekemian, Jr. | |
| Robert S. Hekemian, Jr. | ||
| President and Chief Executive Officer | ||
Date: June 12, 2023
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Cover |
Jun. 08, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jun. 08, 2023 |
| Entity File Number | 000-25043 |
| Entity Registrant Name | FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. |
| Entity Central Index Key | 0000036840 |
| Entity Tax Identification Number | 22-1697095 |
| Entity Incorporation, State or Country Code | MD |
| Entity Address, Address Line One | 505 Main Street |
| Entity Address, Address Line Two | Suite 400 |
| Entity Address, City or Town | Hackensack |
| Entity Address, State or Province | NJ |
| Entity Address, Postal Zip Code | 07601 |
| City Area Code | (201) |
| Local Phone Number | 488-6400 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.01 per share |
| Trading Symbol | FREVS |
| Security Exchange Name | NONE |
| Entity Emerging Growth Company | false |