CORRECTING and REPLACING Service Properties Trust Announces Annual Meeting Results and Officer Promotion

 

CORRECTION...by Service Properties Trust

NEWTON, Mass.--()--Sixth paragraph of release should read: Shareholders ratified the appointment of Ernst & Young LLP as SVC’s independent auditors for the 2020 fiscal year:

The corrected release reads:

SERVICE PROPERTIES TRUST ANNOUNCES ANNUAL MEETING RESULTS AND OFFICER PROMOTION

Service Properties Trust (Nasdaq: SVC) today announced the results of its 2020 Annual Meeting of Shareholders, which was held earlier today, as follows.

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

Independent Trustee

Percentage of Shares Voted For

John L. Harrington

69.6%

John G. Murray was re-elected as Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Managing Trustee as follows:

Managing Trustee

Percentage of Shares Voted For

John G. Murray

96.2%

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

Amendment

Percentage of Shares Outstanding Voted For

Amended Company’s Declaration of Trust

73.2%

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

Proposal

Percentage of Shares Voted For

Approval of Executive Compensation

88.1%

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

Proposal

Percentage of Shares Voted For

Ratification of Independent Auditors

97.8%

In addition, the Board of Trustees promoted Todd Hargreaves, the company's Vice President to the offices of Vice President and Chief Investment Officer. Mr. Hargreaves is also the Vice President of The RMR Group LLC and is responsible for all hospitality, office, industrial and net lease acquisitions. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for life insurance and CMBS loan origination.

About Service Properties Trust:
Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries. SVC’s properties are operated under long term management or lease agreements. SVC 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.

Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8251
https://www.svcreit.com

Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8251
https://www.svcreit.com