(Exact name of registrant as specified in charter)
Maryland
(Brandywine Realty Trust)
001-9106
23-2413352
Delaware
(Brandywine Operating Partnership, L.P.)
000-24407
23-2862640
(State or Other Jurisdiction of Incorporation or Organization)
(Commission file number)
(I.R.S. Employer Identification Number)
2929 Arch Street Suite 1800 Philadelphia, PA19104 (Address of principal executive offices) (Zip Code)
(610) 325-5600 (Registrant’s telephone number, including area code)
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 Instruction A.2. below):
☐ 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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Shares of Beneficial Interest
BDN
NYSE
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).
Brandywine Realty Trust:
Emerging growth company ☐
Brandywine Operating Partnership, L.P.:
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.
Brandywine Realty Trust: ☐
Brandywine Operating Partnership, L.P.: ☐
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting of Shareholders of Brandywine Realty Trust was held on May 25, 2023. At the Annual Meeting, the Company’s shareholders voted on: (1) the election of seven trustees, each to serve for a term expiring at the 2024 annual meeting of shareholders and until his or her successor is duly elected and qualified; (2) the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for calendar year 2023; (3) a non-binding, advisory vote regarding the compensation of our named executive officers; (4) a non-binding, advisory vote regarding the frequency of an advisory vote on Executive Compensation; and (5) adoption of the 2023 Long-Term Incentive Plan. The voting results on these proposals were as follows:
PROPOSAL 1.Election of Trustees to serve until the next annual meeting of shareholders and until their successors are elected and qualified.
Trustee
Votes For
Votes Against
Abstentions
Broker Non-Votes
James C. Diggs
133,854,838
4,123,834
891,915
12,361,207
Reginald DesRoches
134,775,578
3,199,640
895,369
12,361,207
H. Richard Haverstick, Jr.
134,584,589
3,391,232
894,766
12,361,207
Terri Herubin
118,620,088
19,375,004
875,495
12,361,207
Joan Lau
137,253,809
1,428,456
188,322
12,361,207
Charles P. Pizzi
129,376,498
8,604,769
889,320
12,361,207
Gerard H. Sweeney
137,345,255
1,322,914
202,418
12,361,207
PROPOSAL 2.Ratification of the Appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accountants for calendar year 2023.
Votes For
Votes Against
Abstentions
147,864,111
3,102,419
265,264
PROPOSAL 3.Advisory, non-binding vote on Executive Compensation.
Votes For
Votes Against
Abstentions
Broker Non-Votes
127,990,884
10,608,349
271,354
12,361,207
PROPOSAL 4.Advisory, non-binding vote on frequency of an advisory vote on Executive Compensation.
1 YEAR
2YEARS
3 YEARS
Abstentions
Broker Non-Votes
134,846,302
72,830
3,747,422
204,033
12,361,207
The Company has considered the shareholder vote regarding the frequency of shareholder advisory votes on the compensation of the named executive officers of the Company and intends to hold an advisory vote on the compensation of the named executive officers every year until the next vote on frequency, which will be no later than the Company’s Annual Meeting of Stockholders in 2029.
PROPOSAL 5. Adoption of the 2023 Long-Term Incentive Plan.
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.
