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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): May 16, 2023

 

MID-AMERICA APARTMENT COMMUNITIES, INC.

(Exact name of registrant as specified in its charter)

 

Tennessee

001-12762

62-1543819

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

6815 Poplar Avenue, Suite 500

 

Germantown, Tennessee

38138

(Address of Principal Executive Offices)

(Zip Code)

 

(901) 682-6600

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

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 Stock, par value $.01 per share (Mid-America Apartment Communities, Inc.)

MAA

New York Stock Exchange

8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share (Mid-America Apartment Communities, Inc.)

MAA*I

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

 

 

 

 


 

ITEM 5.07 Submission of Matters to a Vote of Security Holders.

On May 16, 2023, the registrant held its 2023 Annual Meeting of Shareholders. The following matters were submitted to a vote of the shareholders of record as of March 10, 2023 through the solicitation of proxies:

1.
To elect thirteen directors to serve until the 2024 Annual Meeting of Shareholders and until their successors have been duly elected and qualified;
2.
To provide an advisory (non-binding) vote to approve compensation of the registrant’s named executive officers; and
3.
To provide an advisory (non-binding) vote to select the frequency of the advisory (non-binding) vote to approve compensation of the registrant’s named executive officers; and
4.
To ratify Ernst & Young LLP as the registrant’s independent registered public accounting firm for 2023.
5.
To approve the 2023 OMNIBUS Incentive Plan.

All thirteen nominees were elected to serve until the 2024 Annual Meeting of Shareholders and until their successors have been duly elected and qualified. The results of the election were as follows:

For

Against

Abstain

Broker Non-Votes

H. Eric Bolton, Jr.

87,939,652

 

9,273,319

 

3,638,593

 

6,318,583

Deborah H. Caplan

 

100,447,202

 

367,642

 

36,720

 

6,318,583

John P. Case

99,413,308

 

1,395,515

 

42,741

 

6,318,583

Tamara Fischer

100,592,324

 

222,260

 

36,980

 

6,318,583

Alan B. Graf, Jr.

95,037,965

 

5,772,913

 

40,686

 

6,318,583

Toni Jennings

93,169,684

 

7,642,815

 

39,065

 

6,318,583

Edith Kelly-Green

99,837,324

 

975,886

 

38,354

 

6,318,583

James K. Lowder

99,562,086

 

1,244,437

 

45,041

 

6,318,583

Thomas H. Lowder

100,106,518

 

700,228

 

44,818

 

6,318,583

Claude B. Nielsen

93,299,841

 

7,514,278

 

37,445

 

6,318,583

W. Reid Sanders

97,362,452

 

3,447,643

 

41,469

 

6,318,583

Gary Shorb

98,301,201

 

2,496,346

 

54,017

 

6,318,583

David P. Stockert

99,841,340

 

969,585

 

40,639

 

6,318,583

The advisory (non-binding) vote to approve the compensation of named executive officers was in favor of executive compensation. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

90,770,077

 

 

9,986,868

 

 

94,619

 

 

6,318,583

The advisory (non-binding) vote to approve the frequency of the advisory (non-binding) vote to approve the compensation of named executive officers was in favor of every one year. The results of the vote were as follows:

One Year

Two Years

Three Years

Abstain

 

Broker Non-Votes

98,114,419

 

 

32,677

 

 

2,661,546

 

 

42,922

 

6,318,583

Ernst & Young LLP was ratified to serve as the registrant’s independent registered public accounting firm for 2023. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

105,876,278

 

 

1,263,790

 

 

30,079

 

 

0

The 2023 OMNIBUS Incentive Plan was approved. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

95,397,541

 

 

5,358,969

 

 

95,054

 

 

6,318,583

 

 


 

SIGNATURES

 

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 thereunto duly authorized.

 

 

 

 

MID-AMERICA APARTMENT COMMUNITIES, INC.

 

 

 

 

Date:

May 17, 2023

 

/s/Albert M. Campbell, III

 

 

 

Albert M. Campbell, III

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

(Principal Financial Officer)