Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

UNITED STATES

Washington, DC 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 7, 2019

 

 

REGENCY CENTERS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Florida   001-12298   59-3191743
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
One Independent Drive, Suite 114
Jacksonville, Florida
  32202
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number including area code: (904)-598-7000

Not Applicable

(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:

 

 

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))

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).

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.  ☐

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol

 

Name of exchange

on which registered

Common Stock, $.01 par value   REG   The Nasdaq Stock Market LLC

 

 

 


Item 5.02(e)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 7, 2019, the shareholders of Regency Centers Corporation (the “Company”) approved the amendment and restatement of the Company’s Omnibus Incentive Plan (the “Omnibus Plan”), previously referred to as the Regency Centers Corporation 2011 Omnibus Incentive Plan. The purpose of the Omnibus Plan is to attract, retain and motivate participating employees and to attract and retain well-qualified individuals to serve as members of the board of directors, consultants and advisors through the use of incentives based upon the value of the Company’s common stock. Awards under the Omnibus Plan may consist of incentive awards, stock options, stock appreciation rights, performance shares, performance units, shares of common stock, restricted stock, restricted stock units or other stock-based awards as determined by the administrator of the Omnibus Plan.

The Omnibus Plan provides that an aggregate maximum of 7,000,000 shares of our common stock are reserved for issuance under the Omnibus Plan, subject to adjustment for certain corporate events. This number includes 3,000,000 shares previously approved by the shareholders. The number of shares reserved for issuance will be depleted on the grant date of an award by the maximum number of shares of common stock, if any, that may be issued under such award. Awards that may only be settled in cash will not deplete the number of shares reserved under the Omnibus Plan.

The Omnibus Plan was filed as Appendix B to the Company’s definitive proxy statement filed March 21, 2019 and the terms thereof are incorporated herein by reference.

 

Item 5.07

Submission of Matters to a Vote of Security Holders

On May 7, 2019, the Company held an annual meeting of its shareholders to vote on the following proposals:

Proposal One – Election of Directors: The board of directors nominated twelve nominees to stand for election at the 2019 meeting and each of the nominees were elected at the meeting. In accordance with the voting results listed below, the nominees were elected to serve until the 2020 annual meeting or until their successors are elected and qualified.

 

Nominee

   Votes For      Votes Against      Abstain      Broker Non-Votes  

Martin E. Stein, Jr.

     138,276,748        6,980,285        3,412,098        5,511,894  

Joseph Azrack

     148,026,490        592,234        50,407        5,511,894  

Bryce Blair

     141,258,367        7,367,055        43,709        5,511,894  

C. Ronald Blankenship

     142,455,958        6,168,972        44,201        5,511,894  

Deirdre J. Evens

     147,957,330        670,333        41,468        5,511,894  

Thomas W. Furphy

     148,079,851        537,978        51,302        5,511,894  

Karin M. Klein

     148,089,002        531,397        48,732        5,511,894  

Peter D. Linneman

     143,596,126        5,029,088        43,917        5,511,894  

David P. O’Connor

     147,597,571        1,023,770        47,790        5,511,894  

Lisa Palmer

     136,119,923        12,509,261        39,947        5,511,894  

John C. Schweitzer

     142,235,654        6,390,641        42,836        5,511,894  

Thomas G. Wattles

     142,357,733        6,268,016        43,382        5,511,894  

Proposal Two – An Advisory Resolution on Executive Compensation for Fiscal Year 2018: Voting results for the Company’s executive compensation for fiscal year 2018 were as follows:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

144,185,895

   4,357,841    125,395    5,511,894

 

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Proposal Three – Approval of Amendment and Restatement of the Omnibus Plan: The board of directors approved the amendment and restatement of the Company’s Omnibus Plan. The board of directors directed that the Omnibus Plan be submitted for approval by the shareholders at the annual meeting. The shareholders approved the Omnibus Plan in accordance with the voting results listed below.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

142,012,622

   6,542,653    113,856    5,511,894

Proposal Four – Ratification of Independent Registered Public Accountant: The board of directors selected the accounting firm of KPMG LLP to serve as the independent registered public accountants for the Company for the current fiscal year ending December 31, 2019. The board of directors directed that the appointment of the independent accountants be submitted for ratification by the shareholders at the annual meeting. The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accountants for the current fiscal year ending December 31, 2019 in accordance with the voting results listed below.

 

For

  

Against

  

Abstain

151,269,604

   2,866,679    44,742

 

Item 9.01(d)

Financial Statements and Exhibits

Exhibit 10.1 Regency Centers Corporation Omnibus Incentive Plan (incorporated by reference to Appendix B to the Company’s definitive proxy statement filed March 21, 2019).

 

 

 

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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 hereunto duly authorized.

 

  REGENCY CENTERS CORPORATION
  (registrant)
May 9, 2019     By:  

/s/ Barbara C. Johnston

    Barbara C. Johnston, Senior Vice President and General Counsel

 

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