Item 5.07. Submission of Matters to a Vote of Security Holders.
Portfolio Sale Proposal: Consider and vote upon a proposal to approve the sale
of the Company's hotels and other assets pursuant to and on the terms set forth
in a
Votes For Votes Against Votes Abstain Broker Non-Vote 12,719,931 25,172 1,851 0
Liquidation Proposal: Consider and vote upon a proposal to approve a plan of complete liquidation and dissolution of the Company whether or not the Portfolio Sale is consummated, pursuant to which the Company will sell all or substantially all of the Company's assets and be dissolved, which we refer to as the Liquidation Proposal, as more particularly described in the Proxy Statement. We refer to this proposal as the Liquidation Proposal.
The Company adjourned the Special Stockholder Meeting with respect to the Liquidation Proposal for the limited purpose of allowing additional time for solicitation of proxies to approve the Liquidation Proposal (details below).
Advisory Compensation Proposal: Consider and vote on a proposal to approve, on a non-binding, advisory basis, the specified compensation that may be paid or become payable to our named executive officers in connection with the Portfolio Sale or the Liquidation Proposal as more particularly described in the Proxy Statement. The votes on the Advisory Compensation Proposal were as follows:
Votes For Votes Against Votes Abstain Broker Non-Vote 12,575,071 91,264 80,619 0
Adjournment Proposal: Consider and vote on a proposal to approve one or more adjournments of the special meeting to a later date or dates, if necessary or appropriate, including to solicit additional proxies if there are not sufficient votes at the time of the special meeting to approve the Portfolio Sale and the Liquidation Proposal as more particularly described in the Proxy Statement. The votes on Adjournment Proposal were as follows:
Votes For Votes Against Votes Abstain Broker Non-Vote 12,679,621 62,420 4,913 0
The Portfolio Sale Proposal, the Advisory Compensation Proposal and the Adjournment Proposal were approved by the requisite number of votes of the holders of common stock.
Item 8.01. Other Events.
Pursuant to the approved Adjournment Proposal, the Special Stockholder Meeting
was adjourned. The Special Stockholder Meeting will be reconvened on
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