NEWTON, Mass.--(BUSINESS WIRE)--
Sixth graph, first sentence of release should read: Shareholders
approved, with 99.1% of all shares voted ... (sted Shareholders
approved, with 99.1% of all shares outstanding ...).
The corrected release reads:
CORRECTING AND REPLACING HOSPITALITY PROPERTIES TRUST ANNOUNCES
ANNUAL MEETING RESULTS
Hospitality Properties Trust (NYSE: HPT) announced the results of its
annual meeting held earlier today as follows:
John L. Harrington was re-elected as an Independent Trustee, receiving
52.3% of all shares voted.
Barry M. Portnoy was re-elected as Managing Trustee, receiving 62.1% of
all shares voted.
Shareholders also approved, with 96.6% of all the shares voted, a
nonbinding advisory resolution approving the compensation paid to the
Company's named executive offices.
None of the three alternatives required by the Dodd-Frank Law and
applicable SEC rules to be presented to shareholders regarding the
frequency of future advisory votes by shareholders on named executives
officers' compensation received a majority vote of shareholders. The
recommendation for such a vote every year received votes of 47.6% of
outstanding shares; the recommendation for such a vote every two years
received votes of 1.4% of outstanding shares; the recommendation for
such a vote every three years received 36.2% of outstanding shares; and
the balance of outstanding shares abstained or did not vote.
Shareholders approved, with 99.1% of all shares voted, the ratification
of appointment of Ernst & Young LLP as HPT's independent registered
public accounting firm.
Shareholders did not approve a non-binding proposal by the California
Public Employee Pension Plan, or CalPERS, requesting that HPT take steps
to require that all HPT Trustees stand for election each year. This
proposal received 68.6% of the votes outstanding, which is less than the
votes of 75% of the outstanding shares required for its adoption.
Hospitality Properties Trust is a real estate investment trust, or REIT,
which owns 289 hotels and 185 travel centers located in 44 states,
Puerto Rico and Canada. HPT is headquartered in Newton, Massachusetts.
Hospitality Properties Trust
Timothy A. Bonang, 617-796-8232
Vice
President of Investor Relations
or
Carlynn Finn, 617-796-8232
Manager
of Investor Relations
www.hptreit.com