Five Star Senior Living Inc. Announces Annual Meeting Results
Five Star Senior Living Inc. (Nasdaq: FVE) today announced the results of its 2020 Annual Meeting of Stockholders which was held earlier today as follows.
Barbara D. Gilmore was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Independent Director is as follows:
Independent Director |
Percentage of Shares Voted For |
|
Barbara D. Gilmore |
89.2% |
Adam D. Portnoy was re-elected as Managing Director. The final tabulation of the percentage of shareholders’ votes cast for this Managing Director is as follows:
Managing Director |
Percentage of Shares Voted For |
|
Adam D. Portnoy |
86.6% |
Shareholders approved the Amended and Restated 2014 Equity Compensation Plan:
Proposal |
Percentage of Shares Voted For |
|
Approve Amended and Restated 2014 Equity |
90.1% |
Shareholders voted to approve executive compensation by means of an advisory vote:
Proposal |
Percentage of Shares Voted For |
|
Approval of executive compensation |
90.4% |
Shareholders ratified the appointment of RSM US LLP as FVE’s independent registered public accounting firm to serve for the 2020 fiscal year:
Proposal |
Percentage of Shares Voted For |
|
Ratification of Independent Auditors |
94.3% |
FVE is a senior living and rehabilitation and wellness services company. As of March 31, 2020, FVE operated 268 senior living communities (31,272 living units) located in 32 states, including 244 communities (28,960 living units) that it managed and 24 communities (2,312 living units) that it owned or leased. FVE operates communities that include independent living, assisted living, continuing care retirement and skilled nursing communities. Additionally, our rehabilitation and wellness services segment includes Ageility Physical Therapy Solutions, or Ageility, a division of FVE, which provides rehabilitation and wellness services within FVE communities as well as to external customers. As of March 31, 2020, Ageility operated 203 outpatient rehabilitation clinics and 41 inpatient rehabilitation clinics. FVE is headquartered in Newton, Massachusetts.
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