CORRECTING and REPLACING Service Properties Trust Announces Annual Meeting Results and Officer Promotion

About this update from Service Properties Trust - Shares Of Beneficial Interest

[{"type":"text","content":"\n \n\n NEWTON, Mass.--(BUSINESS WIRE)--\nSixth paragraph of release should read: Shareholders ratified the appointment of Ernst & Young LLP as SVC’s independent auditors for the 2020 fiscal year:\n\n\nThe corrected release reads:\n\n\nSERVICE PROPERTIES TRUST ANNOUNCES ANNUAL MEETING RESULTS AND OFFICER PROMOTION\n\n\nService Properties Trust (Nasdaq: SVC) today announced the results of its 2020 Annual Meeting of Shareholders, which was held earlier today, as follows.\n\n\nJohn L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Independent Trustee is as follows:\n\n\n\n\nIndependent Trustee\n\n\n\n\nPercentage of Shares Voted For\n\n\n\n\n\nJohn L. Harrington\n\n\n\n\n69.6%\n\n\n\n\n\nJohn G. Murray was re-elected as Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Managing Trustee as follows:\n\n\n\n\nManaging Trustee\n\n\n\n\nPercentage of Shares Voted For\n\n\n\n\n\nJohn G. Murray\n\n\n\n\n96.2%\n\n\n\n\n\nShareholders approved an amendment to the Company’s Declaration of Trust to provide for the annual election of all trustees beginning in 2023:\n\n\n\n\nAmendment\n\n\n\n\nPercentage of Shares Outstanding Voted For\n\n\n\n\n\nAmended Company’s Declaration of Trust\n\n\n\n\n73.2%\n\n\n\n\n\nShareholders voted to approve executive compensation by means of an advisory vote:\n\n\n\n\nProposal\n\n\n\n\nPercentage of Shares Voted For\n\n\n\n\n\nApproval of Executive Compensation\n\n\n\n\n88.1%\n\n\n\n\n\nShareholders ratified the appointment of Ernst & Young LLP as SVC’s independent auditors for the 2020 fiscal year:\n\n\n\n\nProposal\n\n\n\n\nPercentage of Shares Voted For\n\n\n\n\n\nRatification of Independent Auditors\n\n\n\n\n97.8%\n\n\n\n\n\nIn addition, the Board of Trustees promoted Todd Hargreaves, the company's Vice President to the offices of Vice President and Chief Investment Officer. Mr. Hargreaves is also the Vice President of The RMR Group LLC and is responsible for all hospitality, office, industrial and net lease acquisitions. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for life insurance and CMBS loan origination.\n\n\nAbout Service Properties Trust:\nService Properties Trust is a real estate investment trust, or REIT, which owns a dive...

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