Sterling Real Estate Trust, a North Dakota-based real estate investment trust, announced the results of its annual shareholders' meeting held on Thursday. Shareholders voted to elect eight trustees to serve until the next annual meeting and ratified the appointment of RSM US, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
The election saw all eight nominees secure their positions with a significant majority. The trustees elected are Gregory P. Hammes, Timothy L. Haugen, Timothy A. Hunt, Michelle L. Korsmo, Mark T. Polovitz, Kenneth P. Regan, James S. Wieland, and Lance R. Wolf. The votes in favor ranged from 6,082,897 to 6,118,943, with withheld votes ranging from 58,461 to 94,506, and no broker non-votes were reported.
In addition to the election of trustees, the shareholders' approval of RSM US, LLP as the company's independent auditor was also notable, receiving 6,112,945 votes for and 64,459 abstentions.
The meeting followed the guidelines set out in the Definitive Proxy Statement filed with the SEC on April 24, 2024. The company, formerly known as INREIT Real Estate Investment Trust, operates under the organization name 05 Real Estate & Construction and is incorporated in North Dakota with a fiscal year-end on December 31.
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