Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnMay 18, 2022 ,Independence Realty Trust, Inc. (the "Company") held its 2022 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders approved the Company's 2022 Long Term Incentive Plan (the "Plan"). The description of the Plan included in the Company's proxy statement filed with theSecurities and Exchange Commission onMarch 18, 2022 is incorporated herein by reference. Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the Company's stockholders voted on: (1) the election of ten directors, each to serve for a term expiring at the Company's 2023 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified, (2) the ratification of the appointment ofKPMG LLP as the Company's independent registered public accounting firm for the calendar year endingDecember 31, 2022 , (3) an advisory, non-binding resolution on the Company's executive compensation and (4) approval of the Plan. The tables below show the voting results.
Proposal 1: Election of Ten Directors.
Trustee Votes For Votes Against Abstentions Broker Non-Votes Scott F. Schaeffer 135,345,043 3,454,851 1,166,890 30,899,163 Stephen R. Bowie 138,863,427 401,249 702,108 30,899,163 Ned W. Brines 138,363,585 920,001 683,198 30,899,163 Richard D. Gebert 134,682,123 4,588,889 695,772 30,899,163 Melinda H. McClure 131,141,859 8,178,210 646,715 30,899,163 Ella S. Neyland 136,887,928 2,431,364 647,492 30,899,163 Thomas H. Purcell 138,720,343 397,232 849,209 30,899,163 Ana Marie del Rio 138,614,843 694,152 657,789 30,899,163Deforest B. Soaries , Jr., D. Min. 135,482,489 3,795,530 688,765 30,899,163 Lisa Washington 138,675,879 584,983 705,922 30,899,163
Proposal 2: Ratification of the appointment of
Votes For Votes Against Abstentions Broker Non-Votes 168,060,128 2,055,792 750,027 0 Proposal 3: Advisory, non-binding resolution on the Company's executive compensation. Votes For Votes Against Abstentions Broker Non-Votes 135,189,780 3,525,691 1,251,313 30,899,163
Proposal 4: Approval of the Company's 2022 Long Term Incentive Plan.
Votes For Votes Against Abstentions Broker Non-Votes 127,269,773 11,539,843 1,157,168 30,899,163 1
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Item 8.01 Other Events.
OnMay 18, 2022 , the Board of Directors of the Company authorized a common stock repurchase program covering up to$250,000,000 in shares of common stock of the Company and increased the quarterly dividend to$0.14 per share of IRT common stock, which represents a 17% increase in the dividend over the prior quarterly rate of$0.12 per share. The dividend is payable onJuly 22, 2022 to shareholders of record at the close of business onJuly 1, 2022 . Under the repurchase program, the Company, in its discretion, may purchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors, including the price and availability of the Company's shares, trading volume and general market conditions. The repurchase program has no time limit and may be suspended or discontinued at any time.
A copy of the press release announcing the repurchase program and quarterly dividend increase is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
10.1Independence Realty Trust, Inc. 2022 Long Term Incentive
Plan, incorporated by
reference to Appendix C to IRT's Definitive Proxy Statement on Sche dule 14A filed on March 18 , 2022. 99.1 Share Repurchase Press Release 104 Cover Page Interactive Data File (embedded within the
Inline XBRL document).
2
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