false 0000915912 0000915912 2024-05-16 2024-05-16 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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, 2024

 

AVALONBAY COMMUNITIES, INC.

(Exact name of registrant as specified in its charter)

 

Maryland

(State or other jurisdiction of incorporation or
organization)

1-12672

(Commission
File Number)

77-0404318

(I.R.S. Employer
Identification No.)

 

4040 Wilson Blvd., Suite 1000

Arlington, Virginia 22203

(Address of principal executive offices)(Zip code)

 

(703) 329-6300

(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))

 

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

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, par value $0.01 per share   AVB   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 (§ 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.  ¨

 

 

 

 

 

 

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

 

AvalonBay Communities, Inc. (the “Company”) held its Annual Meeting of Stockholders on May 16, 2024. Proxies were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934. At the meeting, holders of the Company’s stock were asked (1) to elect eleven directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are elected and qualified, (2) to cast a non-binding, advisory vote upon the compensation of executive officers of the Company, as described in the Company’s proxy statement, and (3) to ratify the appointment of Ernst & Young LLP as the Company’s independent auditors for the fiscal year ending December 31, 2024.

 

Each share of common stock was entitled to one vote with respect to matters submitted to a vote of the Company’s stockholders, and the voting results reported below are final.

 

Proposal 1

 

Each of the Company’s nominees for director as listed in the proxy statement was re-elected as shown in the table below.

 

Nominee:  For   Against   Abstain   Broker Non-votes 
Glyn F. Aeppel   122,220,076    4,271,273    481,440    4,315,629 
Terry S. Brown   120,718,628    5,693,367    560,794    4,315,629 
Ronald L. Havner, Jr.   126,177,378    313,925    481,486    4,315,629 
Stephen P. Hills   126,360,531    131,244    481,014    4,315,629 
Christopher B. Howard   121,603,133    4,808,921    560,735    4,315,629 
Richard J. Lieb   124,072,817    2,418,684    481,288    4,315,629 
Nnenna Lynch   126,349,895    142,437    480,457    4,315,629 
Charles E. Mueller, Jr.   126,374,181    118,153    480,455    4,315,629 
Timothy J. Naughton   121,928,743    4,562,526    481,520    4,315,629 
Benjamin W. Schall   126,401,670    89,603    481,516    4,315,629 
Susan Swanezy   108,332,414    18,131,543    508,832    4,315,629 

 

Proposal 2

 

Stockholders approved the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K. 120,668,161 votes were cast in favor of approval of such compensation, 5,640,027 votes were cast against, and there were 664,601 abstentions. There were 4,315,629 broker non-votes with respect to Proposal 2.

 

Proposal 3

 

Stockholders ratified the selection of Ernst & Young LLP as the Company’s independent auditors for fiscal year 2024. 124,472,277 votes were cast in favor of ratifying the selection of Ernst & Young LLP, 6,721,929 votes were cast against, and there were 94,212 abstentions. There were no broker non-votes with respect to Proposal 3.

 

 

 

 

SIGNATURE

 

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.

 

  AVALONBAY COMMUNITIES, INC.
    
Dated: May 17, 2024 By: /s/ Kevin P. O’Shea
    Kevin P. O’Shea
    Chief Financial Officer

 

 

 

v3.24.1.1.u2
Cover
May 16, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 16, 2024
Entity File Number 1-12672
Entity Registrant Name AVALONBAY COMMUNITIES, INC.
Entity Central Index Key 0000915912
Entity Tax Identification Number 77-0404318
Entity Incorporation, State or Country Code MD
Entity Address, Address Line One 4040 Wilson Blvd., Suite 1000
Entity Address, City or Town Arlington
Entity Address, State or Province VA
Entity Address, Postal Zip Code 22203
City Area Code 703
Local Phone Number 329-6300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol AVB
Security Exchange Name NYSE
Entity Emerging Growth Company false
Avalonbay Communities (NYSE:AVB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Avalonbay Communities.
Avalonbay Communities (NYSE:AVB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Avalonbay Communities.