Apartment Investment And Management Company · NYSE:AIV
Apartment Investment And Management — Proxy Contest (October 2020)
6 slides from Apartment Investment And Management's proxy contest presentation, Oct 21, 2020
Slide 1: 26 Years Is Long Enough - Vote GOLD for Special Meeting
(LB LANDandBUILDINGS 26 YEARS IS LONG ENOUGH VOTE GOLD FOR SPECIAL MEETING www.AimHighAlV.com
Slide 2: AIV total shareholder return underperformance vs. peers and REITs
(LB) LANDandBUILDINGS co IPO. (uly 1994) Apartment Investment and Management Company (NYSE: AIV) 8% 18% -33% 974% AlVUnderperformance vs. Apartment Peers | AIV Underperformance vs. Proxy Compensation Peers 7 AIV Underperformance vs. REITs Under Chairman/CEO Considine and the Board’s leadership AlV’s
Slide 3: CEO Considine earns more than double peer compensation
(LeB) LAND. BUILDINGS Chairman/CEO Terry Considine earns more than double the compensation of his Apartment Peers when adjusting for company size despite consistent and persistent underperformance to proxy peers and REITs overall mHighAlV.com
Slide 4: Excessive board tenure shows bad corporate governance
(LsB) LANDandBUILDINGS Clear display of bad corporate governance, in our view, with an excessive Board tenure where 5 out of 9 directors have been on the Board for more than 10 years It raises the question, who does the Board represent? AIV BOARD TENURE Terry Considine Thoimas L Keltner Robert A Mil
Slide 5: What shareholders should demand and deserve
LANDandBUILDINGS WE BELIEVE SHAREHOLDERS SHOULD DEMAND AND DESERVE Value Highly Truly 5 Evaluate All Regarded Independent Gant Strategic Management Board Alncation Alternatives Board's plan to fix AlV falls well short of it’s $58 NAV* To fix the Company the shareholders should demand effective manag
Slide 6: Please consent to request for special meeting on L&B GOLD request card
(LeB) LAND. BUILDINGS PLEASE CONSENT TO REQUEST FOR SPECIAL MEETING ON L&B GOLD REQUEST CARD Please visit www.AimHighAlV.com for the solicitation statement and other important information
Apartment Investment & Management — Proxy Contest (October 2020) on 6ix