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Leading Proxy Advisory Firm Egan-Jones Recommends Stockholders Vote "FOR" All National Health Investors' Director Nominees
In its Report, Egan Jones concludes: "…NHI has taken substantial steps to address governance concerns on the board, especially with regards to the NHC lease negotiation. In our view, many of (dissident group Land & Buildings) L&B's claims have ...
About this update from National Health Investors, Inc.
[{"type":"text","content":"In its Report, Egan Jones concludes: "…NHI has taken substantial steps to address governance concerns on the board, especially with regards to the NHC lease negotiation. In our view, many of (dissident group Land & Buildings) L&B's claims have been misleading to shareholders."","length":310,"tagName":"p"},{"type":"text","content":"MURFREESBORO, TN / ACCESS Newswire / May 5, 2025 / National Health Investors, Inc. (NYSE:NHI) ("NHI" or "the Company") today announced that leading proxy advisory firm Egan-Jones has recommended that stockholders vote on the WHITE proxy card "FOR" ONLY NHI's director nominees - Candice W. Todd, Robert W. Chapin, Jr., James R. Jobe and Robert G. Adams - in connection with its May 21, 2025 Annual Meeting of Stockholders (the "Annual Meeting").","length":489,"tagName":"p"},{"type":"text","content":"In summarizing its position, Egan-Jones stated:","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":""NHI has taken several steps to enact better governance reforms, including appointing new independent members, creating a special committee to negotiate the NHC lease, and putting a proposal on the 2025 ballot to declassify the board."","length":245,"tagName":"p"}]},{"val":[{"type":"text","content":""We do not see a compelling reason to alter the composition of the current board. On the contrary, doing so could disrupt NHI's strategic direction and potentially hinder value creation."","length":201,"tagName":"p"}]},{"val":[{"type":"text","content":""In 2024, the Company revised its stock ownership guidelines to require that non-employee directors own at least three times their annual cash retainer and for covered executive officers to own three times their annual base salary. These new stock ownership guidelines will give these directors and executives a personal interest and stake in the company."","length":366,"tagName":"p"}]},{"val":[{"type":"text","content":""Given the industry and market headwinds facing REITs, we believe that NHI has performed reasonably well relative to its peers.","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Egan-Jones therefore recommends that shareholders vote "FOR" Company nominees Candice W. Todd, Robert W. Ch...