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Aimco Shareholders Elect Land & Buildings Nominee to the Board at the 2022 Annual Meeting
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Preliminary Vote Results Indicate Shareholders Have Elected Jim Sullivan to the Company’s Board
Represents First Contested Election Taken Through to a Vote Following the Introduction of Required Universal Proxy Card Voting
STAMFORD, Conn.--(BUSINESS WIRE)--
Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”, “us” or “we”), a large shareholder of Apartment Investment and Management Company (NYSE: AIV) (“Aimco” or the “Company”), announced that, based on the preliminary report provided by its proxy solicitor, shareholders have voted to remove Aimco director Michael Stein by electing Land & Buildings nominee James (“Jim”) P. Sullivan to the Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”) held today.
According to the preliminary analysis, Jim Sullivan received more than twice as many votes as Aimco’s incumbent director Michael Stein.
Land & Buildings Founder and Chief Investment Officer, Jonathan Litt, commented on the preliminary results of the Annual Meeting:
“We are grateful to our fellow Aimco shareholders for their support throughout our campaign. Today’s vote to elect Jim Sullivan to the Board is a clear signal that shareholders are no longer satisfied with the status quo at Aimco, and we are confident that Jim will be a voice for change from day one. He will bring an important perspective to the Board as it oversees the Company’s efforts to maximize value and drive improved accountability for all shareholders and we know Jim is committed to working collaboratively with the rest of the Board to help Aimco realize its full potential.”
The election of Jim Sullivan also represents the first contested election taken through to a vote following the introduction of SEC Rule 14a-19 and universal proxy card voting.
aimco is one of the nation’s premier apartment home providers delivering a quality living experience to our residents every day. the key to our success is our people. our employees care about our residents and it shows. from the first interaction to the last, our people make a world of difference in the lives of our residents. needless to say, we are passionate about finding the right people and nurturing their growth within aimco.
from corporate to leasing to maintenance we are always looking for to add the best talent in the industry to our team. want to learn more?
check out our open positions at www.aimco.com/careers & read more about what our employees are saying on glassdoor.
we cannot wait to welcome you to your new professional home!
