Office Properties Income Trust Announces Annual Meeting Results and Officer Promotion

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced the results of its 2020 Annual Meeting of Shareholders which was held today.

David M. Blackman was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

Managing Trustee	Percentage of Shares Voted – For
David M. Blackman	97.0%

Donna D. Fraiche was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

Independent Trustee	Percentage of Shares Voted – For
Donna D. Fraiche	79.4%

Jeffrey P. Somers was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

Independent Trustee	Percentage of Shares Voted – For
Jeffrey P. Somers	67.8%

Shareholders approved an amendment to OPI’s Declaration of Trust to provide for the annual election of all Trustees beginning in 2023:

Proposal	Percentage of Shares Outstanding Voted – For
Annual Election of Trustees	71.3%

Shareholders voted to approve executive compensation by means of an advisory vote:

Proposal	Percentage of Shares Voted – For
Approval of Executive Compensation	92.3%

Shareholders approved the Amended and Restated 2009 Incentive Share Award Plan to increase the number of shares outstanding under the plan to an aggregate of 1,500,000 and extend the term of the plan to May 27, 2030:

Proposal	Percentage of Shares Voted – For
Approval of Amended and Restated Incentive Share Award Plan	95.3%

Shareholders ratified the appointment of Ernst & Young LLP as OPI’s independent auditors for the 2020 fiscal year:

Proposal	Percentage of Shares Voted – For
Ratification of Independent Auditors	98.0%

In addition, the Board of Trustees promoted Christopher J. Bilotto, the company’s Vice President to the offices of Vice President and Chief Operating Officer. Mr. Bilotto is also Vice President of The RMR Group LLC and is responsible for portfolio management oversight for all office, industrial and retail properties managed by RMR and is also responsible for development and redevelopment across the United States. Since joining RMR LLC in 2011, Mr. Bilotto also worked as Senior Area Director of RMR LLC’s West Region. Mr. Bilotto has more than 15 years of experience working in the commercial real estate industry, specializing in asset management, leasing and development.

Office Properties Income Trust is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.