Health Care REIT, Inc. (NYSE:HCN) today announced the results of
its annual meeting of shareholders held on May 1, 2014.
Shareholders re-elected Bill Ballard, Tom DeRosa, Jeff Donahue, Peter
Grua, Fred Klipsch, Tim Naughton, Scott Trumbull, Sharon Oster and Judy
Pelham to serve on the Board of Directors for the next year. Jeff Otten,
who has been a director for the past six years, did not stand for
Shareholders also approved three proposals presented at the annual
meeting: (1) ratification of Ernst & Young LLP as the company's
independent registered public accounting firm for the fiscal year 2014;
(2) increase to the number of authorized shares of common stock from 400
million to 700 million for general corporate purposes; and (3) advisory
support of the company's Named Executive Officer compensation, with 85%
voting in favor of the proposal.
"We are committed to adopting continuously best practices and leading
the REIT sector in corporate governance and accountability," said Jeff
Donahue, HCN's Chairman of the Board. "The strong support of our
executive compensation program demonstrates that we are listening to our
stakeholders and adopting leading practices."
Following the business meeting, Mr. Donahue recognized George L.
Chapman, the former Chairman and CEO of Health Care REIT, for his 23
years of service to the company and announced the renaming of the North
Learning Center, located at the company's headquarters, to the George L.
Chapman Learning Center. Photographs can be seen on the company's
website at www.hcreit.com.
HCN will also direct a portion of its annual charitable giving to the
newly-created Chapman Fund, which will be overseen by Mr. Chapman and
contribute to various northwestern Ohio causes.
About Health Care REIT, Inc. Health Care REIT, Inc., an S&P 500
company with headquarters in Toledo, Ohio, is a real estate investment
trust that invests across the full spectrum of seniors housing and
health care real estate. The company also provides an extensive array of
property management and development services. As of December 31, 2013
the company's broadly diversified portfolio consisted of 1,199
properties in 46 states, the United Kingdom, and Canada. More
information is available on the company's website at www.hcreit.com.
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