Clipper Realty (CLPR) investors approve directors, auditor and say-on-pay at 2025 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Clipper Realty Inc. reported the results of its 2025 Annual Meeting of Stockholders held on June 17, 2026. Stockholders elected all seven director nominees, including David Bistricer and Richard N. Burger, with each receiving over 28.8 million votes in favor plus broker non-votes.
Stockholders also ratified the appointment of PKF O’Connor Davies, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 35,636,092 votes for and limited opposition. In addition, they approved, on a non-binding advisory basis, the compensation of the company’s named executive officers.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Auditor ratification votes for: 35,636,092 votes
Auditor ratification votes against: 29,649 votes
Say-on-pay votes for: 30,337,150 votes
+5 more
8 metrics
Auditor ratification votes for
35,636,092 votes
PKF O’Connor Davies, LLP for fiscal year ending December 31, 2026
Auditor ratification votes against
29,649 votes
PKF O’Connor Davies, LLP appointment
Say-on-pay votes for
30,337,150 votes
Advisory approval of named executive officer compensation
Say-on-pay votes against
539,500 votes
Advisory approval of named executive officer compensation
Votes for David Bistricer
30,564,710 votes
Director election, Proposal 1
Votes withheld from David Bistricer
335,866 votes
Director election, Proposal 1
Votes for Richard N. Burger
30,577,166 votes
Director election, Proposal 1
Broker non-votes on director elections
4,773,141 votes
Each director nominee, Proposal 1
Key Terms
broker non-votes, independent registered public accounting firm, non-binding, advisory basis, named executive officers, +1 more
5 terms
broker non-votes financial
"Director Nominee | | For | | | Withheld | | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
non-binding, advisory basis financial
"The approval (on non-binding, advisory basis) of the compensation of the Company's named executive officers"
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
named executive officers financial
"the compensation of the Company's named executive officers"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
Annual Meeting of Stockholders financial
"held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”)"
FAQ
What did Clipper Realty Inc. (CLPR) stockholders approve at the 2025 Annual Meeting?
Stockholders approved all proposals, including electing seven directors, ratifying PKF O’Connor Davies, LLP as auditor, and approving executive compensation on a non-binding basis. Each director received strong support based on the reported vote totals.
How did Clipper Realty (CLPR) stockholders vote on director elections?
All seven director nominees were elected with substantial support. For example, David Bistricer received 30,564,710 votes for and 335,866 withheld, while Richard N. Burger received 30,577,166 for and 323,410 withheld, alongside 4,773,141 broker non-votes for each nominee.
Was the auditor ratification for Clipper Realty (CLPR) approved?
Yes. Stockholders ratified PKF O’Connor Davies, LLP as Clipper Realty’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 35,636,092 votes for, 29,649 against, and 7,976 abstentions, indicating broad support for continuing the existing audit relationship.
What were the results of Clipper Realty’s (CLPR) say-on-pay vote?
Stockholders approved the compensation of the named executive officers on a non-binding advisory basis. The vote totaled 30,337,150 for, 539,500 against, and 23,926 abstaining, showing a clear majority in favor of the current executive pay practices disclosed to investors.
When and where was Clipper Realty’s 2025 Annual Meeting held?
The 2025 Annual Meeting of Clipper Realty Inc. stockholders was held on June 17, 2026. The company’s principal executive offices are located at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219, which anchors its corporate and investor communications.