EastGroup Properties (EGP) holders approve directors, KPMG and executive pay

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

EastGroup Properties, Inc. held its annual meeting of shareholders on May 21, 2026. Shareholders elected seven directors — D. Pike Aloian, H. Eric Bolton, Jr., Donald F. Colleran, David M. Fields, Pamela J. Kessler, Marshall A. Loeb and Mary E. McCormick — to the Board.

They also ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 49,057,541 votes for and 1,956,115 against. In addition, shareholders approved on a non-binding basis the compensation of the company’s named executive officers.

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

Votes for KPMG LLP: 49,057,541 votes Votes against KPMG LLP: 1,956,115 votes Say-on-pay votes for: 46,891,644 votes +4 more

7 metrics

Votes for KPMG LLP 49,057,541 votes Ratification of independent auditor for year ending December 31, 2026

Votes against KPMG LLP 1,956,115 votes Ratification of independent auditor for year ending December 31, 2026

Say-on-pay votes for 46,891,644 votes Non-binding advisory vote on executive compensation

Say-on-pay votes against 1,395,536 votes Non-binding advisory vote on executive compensation

Broker non-votes on say-on-pay 2,688,092 votes Non-binding advisory vote on executive compensation

Votes for Pamela J. Kessler 48,279,686 votes Election of director at 2026 annual meeting

Votes for Marshall A. Loeb 47,844,708 votes Election of director at 2026 annual meeting

Key Terms

broker non-votes, independent registered public accounting firm, non-binding advisory basis, named executive officers

4 terms

broker non-votes financial

"For each director nominee, the table lists broker non-votes such as 2,688,092."

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

"Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm."

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

"Shareholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers."

A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.

named executive officers financial

"The compensation of the Company’s named executive officers was approved on a non-binding advisory basis."

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.

Understanding 8-K Material Events →

05/26/2026 - 04:11 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 21, 2026

EASTGROUP PROPERTIES, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland

1-07094

13-2711135

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

400 W. Parkway Place, Suite 100, Ridgeland, MS 39157

(Address of Principal Executive Offices, including zip code)

(601) 354-3555

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common stock, $0.0001 par value per share	EGP	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1 of 3 Pages

Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 21, 2026, EastGroup Properties, Inc. (the “Company”) held its annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s shareholders (i) elected each of D. Pike Aloian, H. Eric Bolton, Jr., Donald F. Colleran, David M. Fields, Pamela J. Kessler, Marshall A. Loeb and Mary E. McCormick to the Board of Directors of the Company, (ii) ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, and (iii) approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.

Proposal 1: Election of Directors. The results of the voting for the seven director nominees were as follows:


Name	For	Against	Abstentions	Broker Non-Votes
D. Pike Aloian	47,172,244	1,153,769	12,804	2,688,092
H. Eric Bolton, Jr.	47,012,613	1,313,401	12,803	2,688,092
Donald F. Colleran	46,818,112	1,507,902	12,803	2,688,092
David M. Fields	47,367,867	908,529	62,421	2,688,092
Pamela J. Kessler	48,279,686	46,476	12,655	2,688,092
Marshall A. Loeb	47,844,708	481,208	12,901	2,688,092
Mary E. McCormick	46,780,883	1,545,124	12,810	2,688,092

Proposal 2: Ratification of Independent Registered Public Accounting Firm. The results of the voting for the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 were as follows:


For	Against	Abstentions
49,057,541	1,956,115	13,253

Proposal 3: Non-Binding, Advisory Vote on Executive Compensation. The results of the non-binding advisory vote on the compensation of the Company’s named executive officers were as follows:


For	Against	Abstentions	Broker Non-Votes
46,891,644	1,395,536	51,637	2,688,092

2 of 3 Pages

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 26, 2026


			EASTGROUP PROPERTIES, INC.

			By: /s/ STACI H. TYLER
			Staci H. Tyler Executive Vice President, Chief Financial Officer and Treasurer

3 of 3 Pages

Source: View Original Filing on SEC EDGAR

FAQ

What did EastGroup Properties (EGP) shareholders approve at the 2026 annual meeting?

Shareholders elected seven directors, ratified KPMG LLP as independent auditor for the year ending December 31, 2026, and approved on a non-binding advisory basis the compensation of EastGroup Properties’ named executive officers, confirming support for existing governance and pay practices.

Who was elected to the EastGroup Properties (EGP) Board of Directors in 2026?

Shareholders elected D. Pike Aloian, H. Eric Bolton, Jr., Donald F. Colleran, David M. Fields, Pamela J. Kessler, Marshall A. Loeb and Mary E. McCormick to EastGroup Properties’ Board, each receiving more votes cast for than against their nomination at the annual meeting.

How did EastGroup Properties (EGP) shareholders vote on ratifying KPMG as auditor?

Shareholders voted 49,057,541 shares for, 1,956,115 against and 13,253 abstaining to ratify KPMG LLP as EastGroup Properties’ independent registered public accounting firm for the fiscal year ending December 31, 2026, indicating strong support for the external auditor selection.

What were the results of EastGroup Properties (EGP) say-on-pay vote in 2026?

The advisory vote on executive compensation received 46,891,644 votes for, 1,395,536 against, 51,637 abstentions and 2,688,092 broker non-votes. This non-binding approval indicates shareholder backing for EastGroup Properties’ named executive officer compensation program at the 2026 annual meeting.

How many broker non-votes occurred in EastGroup Properties (EGP) 2026 proposals?

Each director election and the say-on-pay proposal recorded 2,688,092 broker non-votes. Broker non-votes occur when brokers hold shares in street name but lack instructions from beneficial owners on non-routine matters like director elections and advisory compensation votes.

Filing Exhibits & Attachments

3 documents