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Apple Hospitality REIT, Inc. – ‘8-K’ for 5/13/21

On: Monday, 5/17/21, at 4:14pm ET · For: 5/13/21 · Accession #: 1564590-21-28393 · File #: 1-37389

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/17/21  Apple Hospitality REIT, Inc.      8-K:5,8     5/13/21   10:226K                                   ActiveDisclosure/FA

Current Report — Form 8-K

Filing Table of Contents

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‘8-K’ — Current Report

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iX: C: C: C: C: C: C:

i false i 0001418121 0001418121 2021-05-13 2021-05-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 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): i May 13, 2021

i APPLE HOSPITALITY REIT, INC.

(Exact name of registrant as specified in its charter)

i Virginia

i 001-37389

i 26-1379210

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification Number)

i 814 East Main Street, i Richmond, i Virginia		i 23219
(Address of principal executive offices)		(Zip Code)

( i 804) i 344-8121

(Registrant’s telephone number, including area code)

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:

i ☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐	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
i Common Shares, no par value	i APLE	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 (§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 i ☐

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. ☐

Apple Hospitality REIT, Inc. (which is referred to below as the “Company”) is filing this report in accordance with Items 5.07 and 8.01 of Form 8-K.

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

On May 13, 2021, the Company held its Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, shareholders considered:

The election of nine (9) directors to the Board of Directors (the “Board”);

An advisory vote regarding the approval of compensation paid to the Company’s named executive officers; and

The ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm to serve for 2021.

The Company’s shareholders voted as follows on these matters:

1.	The Company’s shareholders elected the nine director nominees named in the proxy statement with the following votes:

NOMINEE	FOR		WITHHELD		BROKER NON-VOTES
Glenn W. Bunting		147,965,533		2,191,517		21,691,393
Jon A. Fosheim		148,041,652		2,115,398		21,691,393
Kristian M. Gathright		140,568,607		9,588,443		21,691,393
Glade M. Knight		139,935,151		10,221,899		21,691,393
Justin G. Knight		148,385,933		1,771,117		21,691,393
Blythe J. McGarvie		147,621,261		2,535,789		21,691,393
Daryl A. Nickel		147,434,625		2,722,425		21,691,393
L. Hugh Redd		147,957,416		2,199,634		21,691,393
Howard E. Woolley		148,981,020		1,176,030		21,691,393

The nine duly elected directors, constituting all of the Board’s directors, will serve a one-year term expiring at the 2022 Annual Meeting of Shareholders.

2.	The Company’s shareholders voted on the advisory resolution to approve the compensation paid to the Company’s named executive officers with the following votes:

FOR

AGAINST

ABSTAIN

BROKER

NON-VOTES

144,663,320

5,009,498

484,232

21,691,393

3.	The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021. This proposal received the following votes:

FOR

AGAINST

ABSTAIN

BROKER

NON-VOTES

167,832,255

3,689,745

326,443

Item 8.01. Other Events.

On May 13, 2021, the Board approved an extension until July 2022 of the Company’s existing share repurchase program. The extended share repurchase program permits the repurchase of up to $345 million of the Company’s common shares. Repurchases may be made in the open market, through 10b5-1 programs or in privately negotiated transactions. The timing of share repurchases and the number of common shares to be repurchased will depend upon prevailing market conditions and other factors. There can be no assurances that the Company will make additional purchases under the share repurchase program.

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.

Apple Hospitality REIT, Inc.

By:		/s/ *Justin G. Knight*
		Justin G. Knight
		Chief Executive Officer

		May 17, 2021

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

	12/31/21	10-K
Filed on:	5/17/21
For Period end:	5/13/21	DEF 14A
		List all Filings

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Filing Submission 0001564590-21-028393 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)