
Corporate GovernanceJun 2, 2026, 04:18 PM
Pebblebrook Hotel Trust Amends Declaration for Trustee Removal Rights
AI Summary
Pebblebrook Hotel Trust held its Annual Meeting on May 29, 2026, where shareholders approved an amendment to the Declaration of Trust. This amendment grants shareholders the right to remove a trustee without cause, in addition to the existing right to remove for cause. All seven nominated trustees were elected, KPMG LLP was ratified as the independent auditor, and executive compensation was approved in an advisory vote. Ron E. Jackson also retired from the Board, reducing its size to seven trustees.
Key Highlights
- Shareholders approved an amendment to the Declaration of Trust.
- Amendment grants shareholders the right to remove trustees without cause.
- All seven nominated trustees were elected to the Board.
- KPMG LLP was ratified as independent accountants with 104,704,688 votes for.
- Executive compensation was approved in an advisory vote with 93,732,941 votes for.
- Ron E. Jackson retired from the Board of Trustees.
- Board size decreased to seven trustees following the retirement.
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