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Office Properties Income Trust Announces Annual Meeting Results and Officer Promotion

Office Properties Income Trust (Nasdaq: OPI) today announced the results of its 2020 Annual Meeting of Shareholders which was held today.

David M. Blackman was re-elected as a Managing Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

 

Managing Trustee

Percentage of Shares Voted – For

David M. Blackman

97.0%

 

Donna D. Fraiche was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

 

Independent Trustee

Percentage of Shares Voted – For

Donna D. Fraiche

79.4%

 

Jeffrey P. Somers was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Trustee is as follows:

 

Independent Trustee

Percentage of Shares Voted – For

Jeffrey P. Somers

67.8%

 

Shareholders approved an amendment to OPI’s Declaration of Trust to provide for the annual election of all Trustees beginning in 2023:

 

Proposal

Percentage of Shares Outstanding
Voted – For

Annual Election of Trustees

71.3%

 

Shareholders voted to approve executive compensation by means of an advisory vote:

 

Proposal

Percentage of Shares Voted – For

Approval of Executive Compensation

92.3%

 

Shareholders approved the Amended and Restated 2009 Incentive Share Award Plan to increase the number of shares outstanding under the plan to an aggregate of 1,500,000 and extend the term of the plan to May 27, 2030:

 

Proposal

Percentage of Shares Voted – For

Approval of Amended and Restated
Incentive Share Award Plan

95.3%

 

Shareholders ratified the appointment of Ernst & Young LLP as OPI’s independent auditors for the 2020 fiscal year:

 

Proposal

Percentage of Shares Voted – For

Ratification of Independent Auditors

98.0%

 

In addition, the Board of Trustees promoted Christopher J. Bilotto, the company’s Vice President to the offices of Vice President and Chief Operating Officer. Mr. Bilotto is also Vice President of The RMR Group LLC and is responsible for portfolio management oversight for all office, industrial and retail properties managed by RMR and is also responsible for development and redevelopment across the United States. Since joining RMR LLC in 2011, Mr. Bilotto also worked as Senior Area Director of RMR LLC’s West Region. Mr. Bilotto has more than 15 years of experience working in the commercial real estate industry, specializing in asset management, leasing and development.

Office Properties Income Trust is a REIT focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics such as government entities. OPI is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200527005930/en/

Contacts

Olivia Snyder, Manager, Investor Relations
(617) 219-1410