clpr20230615_8k.htm
false 0001649096 0001649096 2023-06-15 2023-06-15
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported):
June 15, 2023
 
 
CLIPPER REALTY INC.
(Exact Name of Registrant as Specified in Charter)
 
Maryland
  
 001-38010
  
47-4579660
(State or Other
  
(Commission
  
(IRS Employer
Jurisdiction of
  
File Number)
  
Identification No.)
Incorporation)
        
 
 
4611 12th Avenue, Suite 1L
Brooklyn, New York
  
11219
(Address of Principal Executive Offices)
  
(Zip Code)
 
 
Registrant’s telephone number, including area code: (718) 438-2804
 
Former name or former address, if changed since last report: N/A
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.01 per share
CLPR
New York Stock Exchange
 
 
 
 
 
 
Item 5.07. Submission of Matters to a Vote of Security Holders
 
On June 15, 2023, Clipper Realty Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”).  The stockholders of the Company approved all of the proposals presented at the Annual Meeting, which are described in detail in the Company’s Definitive Proxy Statement on Schedule 14A that was filed with the Securities and Exchange Commission on May 1, 2023 (the “Proxy Statement”).
 
The following are the voting results of the proposals submitted to the Company’s stockholders at the Annual Meeting:
 
Proposal 1: The election of the seven director nominees named in the Proxy Statement.
 
Director Nominee
For
Withheld
Broker Non-Votes
David Bistricer
33,911,584
1,362,753
3,988,460
Sam Levinson
33,685,235
1,589,102
3,988,460
Howard M. Lorber
30,079,052
5,195,285
3,988,460
Robert J. Ivanhoe
30,080,891
5,193,446
3,988,460
Roberto A. Verrone
33,691,508
1,582,829
3,988,460
Harmon S. Spolan
31,553,357
3,720,980
3,988,460
Richard N. Burger
34,209,526
1,064,811
3,988,460
 
 
Proposal 2: The ratification of the appointment of PKF O’Connor Davies, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.
 
For
Against
Abstain
39,109,491
121,996
31,310
 
 
Proposal 3: Advisory (non-binding) vote on the compensation of our named executive officers.
For
  
Against
Abstain
Broker Non-Votes
34,002,074
  
1,255,498
16,765
3,988,460
 
 
Proposal 4: Advisory (non-binding) vote on the frequency of holding future advisory votes on the compensation of our named executive officers. The Board has accepted the recommendation of the shareholders and will hold future advisory votes every three years.         
 
1 year
2 years
3 years
Abstain
5,533,838
4,519
29,718,354
17,626
 
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Clipper Realty Inc.
(Registrant)
   
By:
/s/ David Bistricer
Name:
David Bistricer
Title:
Co-Chairman and Chief Executive Officer
 
 
Date: June 15, 2023