a6719783.htm
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 10, 2011
 
ACADIA REALTY TRUST
 (Exact name of registrant as specified in its charter)
 
Maryland
1-12002
23-2715194
(State or other
(Commission
(I.R.S. Employer
jurisdiction of incorporation)
File Number)
Identification No.)
 
1311 Mamaroneck Avenue
Suite 260
White Plains, New York 10605
(Address of principal executive offices) (Zip Code)
 
(914) 288-8100
(Registrant's telephone number, including area code)
 
(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))
 
 

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

The annual meeting of shareholders of Acadia Realty Trust was held on May 10, 2011, at the offices of Paul, Hastings, Janofsky and Walker, LLP, in New York, New York. Shareholders representing 38,558,877 Common Shares, or 95.6%, of the Common Shares outstanding as of the March 31, 2011 record date were present in person or were represented at the meeting by proxy.

The proposals listed below were submitted to a vote of the shareholders.  The proposals are described in the Company's definitive proxy statement for the Annual Meeting previously filed with the Securities and Exchange Commission.  Proposals 1 and 2 were approved by the shareholders pursuant to the voting results set forth below. Proposals 3 and 4 were approved, on an advisory basis, by the shareholders pursuant to the voting results set forth below with the one-year voting frequency receiving the largest number of votes.

Proposal 1 –

Election of Trustees:

The six nominees for the Board of Trustees were elected by the requisite majority of the votes cast by the holders of Common Shares to hold office until the next annual meeting of shareholders and until their successors are elected and duly qualified.  The tabulation of votes was as follows:
 
   
Votes
Cast For
 
Votes
Against
 
 
Abstentions
 
Broker
Non-Votes
                 
Proposal 1a - Election of Trustee: Kenneth F. Bernstein
 
36,238,890
 
580,348
 
15,967
 
1,723,672
                 
Proposal 1b - Election of Trustee: Douglas Crocker II
 
36,217,691
 
571,371
 
46,143
 
1,723,672
                 
Proposal 1c - Election of Trustee: Lorrence T. Kellar
 
34,959,291
 
1,829,871
 
46,043
 
1,723,672
                 
Proposal 1d - Election of Trustee: Wendy Luscombe
 
36,722,694
 
65,677
 
46,834
 
1,723,672
                 
Proposal 1e - Election of Trustee: William T. Spitz
 
36,218,553
 
570,635
 
46,017
 
1,723,672
                 
Proposal 1f - Election of Trustee: Lee S. Wielansky
 
36,437,524
 
382,957
 
14,724
 
1,723,672

Proposal 2 –

Ratification of Independent Registered Public Accounting Firm

The requisite majority of the votes cast by the holders of Common Shares ratified the appointment of BDO USA, LLP as the Independent Registered Public Accounting Firm for the Company for the fiscal year ending December 31, 2011.  The tabulation of votes was as follows (there were no broker non-votes):
     
Votes
Cast For
 
Votes Against
 
Abstentions
 
 
Proposal 2 - Ratify BDO USA, LLP as Independent
             
 
  Registered Public Accounting Firm
 
38,535,719
 
6,696
 
16,462
 

Proposal 3 –

Approval, on an Advisory Basis, of the Compensation of Named Executive Officers

The requisite majority of the votes cast by the holders of Common Shares approved, on an advisory basis, the compensation of the named executive officers as disclosed in the Company’s 2011 proxy statement.  The tabulation of votes was as follows:
 
     
Votes
Cast For
 
Votes Against
 
 
Abstentions
 
Broker
Non-Votes
 
Proposal 3 - Approval, on an Advisory Basis, of the
               
 
  Compensation of Named Executive Officers
 
35,617,834
 
1,193,203
 
24,168
 
1,723,672
 
 
 

 
 
Proposal 4 –

Approval of an Advisory Vote on Named Executive Officer Compensation every One, Two or Three Years

The requisite majority of the votes cast by the holders of Common Shares approved an advisory vote on named executive officer compensation every year.  The tabulation of votes was as follows:
 
     
One
Year
 
Two
Years
 
Three
Years
 
Abstentions
 
Broker
Non-Votes
 
Proposal 4 – Approval of an Advisory
                   
 
  Vote on Named Executive Officer
                   
 
  Compensation every:
 
30,144,282
 
65,275
 
6,605,181
 
20,467
 
1,723,672


 
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.
 
 
   
ACADIA REALTY TRUST
 
   
(Registrant)
       
       
Date: May 11, 2011
 By:
/s/ Michael Nelsen
 
       
 
 
 Name:  Michael Nelsen
 
 
Title:     Senior Vice President
              and Chief Financial Officer