Transcontinental Realty Investors (NYSE:TCI) Reports Results of Annual Meeting

Transcontinental Realty Investors, Inc. recently disclosed the outcomes of its Annual Meeting of Stockholders conducted on December 11, 2024. The meeting encompassed the election of directors and the approval of the appointment of Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024.

During the meeting, proxies representing 91.92% or 7,941,088 shares out of the 8,639,316 outstanding shares of Common Stock were cast, effectively establishing a quorum present in person or by proxy. Notably, 2,820,159 shares are held in DTC/CEDE accounts.

The meeting included the election of directors. The following nominees received votes as outlined below:

– Henry A. Butler: 7,664,094 votes for (88.71%), 270,319 votes withheld, and 11,429 abstentions.
– William J. Hogan: 7,664,003 votes for (88.71%), 270,410 votes withheld, and 11,429 abstentions.
– Robert A. Jakuszewski: 7,579,714 votes for (87.74%), 354,699 votes withheld, and 11,429 abstentions.
– Ted R. Munselle: 7,506,397 votes for (85.68%), 428,016 votes withheld, and 11,429 abstentions.
– Fernand Victor Lara Celis: 7,179,690 votes for (87.73%), 354,723 votes withheld, and 11,429 abstentions.

All the aforementioned nominees, who are current directors of Transcontinental Realty Investors, were elected during the Annual Meeting.

The second item on the agenda, the ratification of the appointment of Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm, received strong approval. A total of 7898,311 votes were cast in favor, with 42,777 votes against, and 4,753 abstentions. This proposal was successfully ratified.

Subsequently, the Board of Directors held their Annual Meeting on December 14, 2023. During this meeting, Henry A. Butler was re-elected as Chairman of the Board, and Ted Munselle was re-appointed as the Presiding Director.

The report, signed by Erik L. Johnson, President, and Chief Executive Officer of Transcontinental Realty Investors, Inc., expresses the company’s compliance with the disclosure obligations as per the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Transcontinental Realty Investors’s 8K filing here.

Transcontinental Realty Investors Company Profile

Transcontinental Realty Investors, Inc, a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, shopping centers, and developed and undeveloped land. The Company invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate.