Shareholders back directors and pay at One Liberty Properties (OLP) annual meeting
Rhea-AI Filing Summary
One Liberty Properties, Inc. reported the results of its annual stockholder meeting, where three directors were re-elected for terms expiring at the 2029 annual meeting. Stockholders approved, by non-binding advisory vote, the company’s executive compensation for the year ended December 31, 2025 and ratified the selection of Ernst & Young LLP as independent registered public accounting firm for 2026. The director nominees received strong support, with Patrick J. Callan, Jr. receiving 15,128,654 votes for and 127,792 against. The advisory say-on-pay proposal received 14,800,318 votes for and 386,500 against, while the auditor ratification received 17,416,722 votes for and 103,829 against.
Positive
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Negative
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8-K Event Classification
2 items: 5.07, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Votes for Patrick J. Callan, Jr.: 15,128,654 votes
Votes for Charles Biederman: 13,888,306 votes
Votes for Jeffrey A. Gould: 14,835,907 votes
+4 more
7 metrics
Votes for Patrick J. Callan, Jr.
15,128,654 votes
Election of director, term expiring at 2029 annual meeting
Votes for Charles Biederman
13,888,306 votes
Election of director, term expiring at 2029 annual meeting
Votes for Jeffrey A. Gould
14,835,907 votes
Election of director, term expiring at 2029 annual meeting
Say-on-pay votes for
14,800,318 votes
Advisory vote on executive compensation for 2025
Say-on-pay votes against
386,500 votes
Advisory vote on executive compensation for 2025
Auditor ratification votes for
17,416,722 votes
Ratification of Ernst & Young LLP for 2026
Auditor ratification votes against
103,829 votes
Ratification of Ernst & Young LLP for 2026
Key Terms
non-binding advisory vote, broker non-votes, independent registered public accounting firm, executive compensation
4 terms
non-binding advisory vote regulatory
"by non-binding advisory vote, executive compensation for the year ended December 31, 2025"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
broker non-votes regulatory
"Abstain | | Broker Non-Votes Charles Biederman | | 13,888,306 ... | | 2,234,510"
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 regulatory
"To ratify the appointment of Ernst & Young LLP as our 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.
executive compensation financial
"by non-binding advisory vote, executive compensation for the year ended December 31, 2025"
Payments and benefits given to a company's top leaders — including base salary, cash bonuses, stock awards, options and retirement or perquisites — designed to compensate and motivate them. Investors care because these packages affect a company’s costs, influence executives’ decisions and signal how well management’s interests line up with shareholders’; like a captain’s contract, the structure of pay can encourage safe navigation toward long-term gains or risky short-term moves that hurt returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did One Liberty Properties (OLP) stockholders decide at the 2026 annual meeting?
Stockholders re-elected three directors, approved executive compensation by non-binding advisory vote, and ratified Ernst & Young LLP as the independent registered public accounting firm for 2026. Each proposal received substantial support based on the reported voting results.
How did One Liberty Properties (OLP) vote on director elections in 2026?
Stockholders re-elected Charles Biederman, Patrick J. Callan, Jr., and Jeffrey A. Gould to terms expiring at the 2029 annual meeting. Each nominee received a clear majority of votes cast in favor, with additional broker non-votes reported on the proposals.
What were the vote results for OLP’s 2025 executive compensation advisory proposal?
The advisory vote on executive compensation for the year ended December 31, 2025 received 14,800,318 votes for, 386,500 against, and 119,615 abstentions, with 2,234,510 broker non-votes. This reflects overall stockholder support for the company’s executive pay program.
Did One Liberty Properties (OLP) stockholders ratify Ernst & Young as auditor for 2026?
Yes. Stockholders ratified Ernst & Young LLP as the independent registered public accounting firm for the year ended December 31, 2026, with 17,416,722 votes for, 103,829 against, and 20,392 abstentions, indicating strong backing for the auditor selection.
What are broker non-votes reported in the OLP annual meeting results?
Broker non-votes represent shares held by brokers that were not voted on certain non-routine proposals. For the director elections and executive compensation advisory vote, 2,234,510 broker non-votes were reported, meaning these shares were not counted as for, against, or abstaining.
Which governance topics did One Liberty Properties (OLP) address in this 8-K?
The company addressed stockholder voting outcomes on director elections, a non-binding advisory vote on executive compensation for 2025, and ratification of Ernst & Young LLP as independent registered public accounting firm for 2026, summarizing the detailed vote counts for each proposal.