American Realty Investors Holds Annual Meeting and Elects Board Members

American Realty Investors, Inc. (NYSE:ARL) recently conducted its Annual Meeting of Stockholders on December 11, 2024. The meeting, which featured the solicitation of proxies and was held following a Notice of Annual Meeting and related Proxy Statement, saw a total of 16,152,043 shares of Common Stock outstanding as of the record date of November 8, 2024, with each share carrying one vote.

A significant portion of the outstanding shares, specifically 94.98%, representing 15,340,969 shares, were present and voted at the meeting, establishing a quorum. Among the outstanding shares, it was noted that 6,578,272 shares are held in DTC/CEDE accounts.

Key decisions made during the Annual Meeting included the election of directors. The votes cast for the named persons were as follows:

– Henry A. Butler received 15,221,922 votes for, 103,596 votes withheld, and 15,782 abstentions.
– William J. Hogan received 15,077,621 votes for, 247,597 votes withheld, and 15,782 abstentions.
– Robert A. Jakuszewski received 15,110,255 votes for, 215,263 votes withheld, and 15,782 abstentions.
– Ted R. Munselle received 15,004,101 votes for, 321,417 votes withheld, and 15,782 abstentions.
– Fernando Victor Lara Celis received 15,110,196 votes for, 215,322 votes withheld, and 48,782 abstentions.

All of the aforementioned nominees, who currently serve as directors of the Registrant, were elected during the Annual Meeting.

Additionally, the Annual Meeting featured the ratification of Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm for American Realty Investors for the fiscal year ending December 31, 2024, and any interim period. The results showed 15,263,383 votes in favor, 77,586 votes against, and 330 abstentions, with no broker non-votes.

Following the Stockholders’ meeting, the Board of Directors held its session on December 12, 2024. During this meeting, Henry A. Butler was re-elected as the Chairman of the Board, while Ted R. Munselle was re-appointed as the Presiding Director.

As of the report dated December 12, 2024, Erik L. Johnson, President, and Chief Executive Officer of American Realty Investors, Inc., authorized the filing of this Current Report on Form 8-K.

This summarizes the recent activities and decisions made during the Annual Meeting of American Realty Investors, Inc., providing a glimpse into the company’s corporate governance and management practices.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read American Realty Investors’s 8K filing here.

American Realty Investors Company Profile

American Realty Investors, Inc, together with its subsidiaries, acquires, develops, owns, and manages multifamily and commercial real estate properties in the Southern United States. It operates through two segments, Residential and Commercial. The company leases apartment units to residents; and office, industrial, and retail space to various for-profit businesses, as well as local, state, and federal agencies.