Brixmor Property Group Inc. (BRX)
NYSE: BRX · Real-Time Price · USD
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At close: Apr 28, 2026, 4:00 PM EDT
30.40
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After-hours: Apr 28, 2026, 7:00 PM EDT
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AGM 2022

Apr 27, 2022

Operator

Hello everyone, and welcome to the 2022 Annual Meeting of Stockholders for Brixmor Property Group Incorporated. Before we get started, I would like to go over a few items so you know how to participate in today's meeting. You've joined the annual meeting using your computer speaker system by default. If you prefer to join over the telephone, just select Telephone in the audio pane and the dial-in information will be displayed. At the end of the meeting, you will have the opportunity to submit text questions to today's presenters by typing your questions into the questions chat pane of the control panel. You may also send in your questions at any time throughout the meeting. We will collect and address them during the Q&A portion at the end of today's stockholder meeting. Today's meeting is being recorded. I would now like to introduce Steven Siegel.

Steven, please go ahead.

Steven Siegel
EVP and General Counsel, Brixmor Property Group Inc

Thank you. Good morning. I'm Steven Siegel, Executive Vice President and General Counsel of Brixmor Property Group Inc. I now call the meeting to order. I have been appointed chairman of this meeting. Before the formal business of this stockholders meeting begins, I would like to welcome you all. All of the company's directors are present virtually today, and the following executive officers are also present: James M. Taylor, CEO and President, Angela Aman, Executive Vice President, Chief Financial Officer, and Treasurer. Also attending today are representatives of Deloitte & Touche LLP, the company's independent auditors, and Alliance Advisors, the Inspector of Election for today's meeting. Amanda Raimo of Alliance Advisors will act as Inspector of Elections. She has previously taken her oath as Inspector of Elections.

Should you desire to ask a question during the Q&A session after the formal business concludes, please use the question chat pane on the control panel. During the Q&A portion of the meeting, Jim Taylor and Angela Aman will be available to answer your submitted questions. I have the following documents, and we'll incorporate them in the company's records as part of the minutes of this meeting. A copy of the notice of meeting stating the date, time, place, and purpose of this meeting, a copy of the proxy statement for this meeting, and the affidavit of Alliance Advisors showing that each stockholder of record on the record date was mailed the notice of meeting and proxy statement for this meeting. In addition, the company has an advanced notice provision in its bylaws.

The company did not receive notice of any other matter to be voted on at this annual meeting. Accordingly, only the matters set forth in the proxy statement will be voted on at this annual meeting. We will now proceed with the formal business of the meeting. After we have completed the formal business of this meeting and it has been adjourned, we will entertain questions. 10 February 2022 is the record date fixed by the directors for stockholders entitled to notice of and to vote at this meeting. A certified list of the stockholders of the company as of the close of business on the record date has been provided to the company by the company's transfer agent.

That list shows that on the record date, there were 297,843,792 shares of common stock of the company issued and outstanding. On each proposal brought before this meeting, stockholders are entitled to one vote for each share of common stock registered in their name. I have been advised that there are present at this meeting, virtually and by proxy, stockholders of record holding in excess of 50% of the issued and outstanding shares entitled to vote at this meeting. Therefore, I declare that a quorum is present, and the meeting may now proceed. Each proposal described in the proxy statement will be brought up for consideration and will be voted upon. The votes regarding the proposals then will be tabulated, and the results will be announced.

The first matter requiring the vote of stockholders is the election of nine directors to hold office for a one-year term until the 2023 annual meeting of stockholders and their successors are elected and qualified. Those nine nominees receiving the highest number of votes of shares present, virtually or by proxy at this meeting, will be elected as directors. The candidates who are nominated for election are Michael Berman, Julie Bowerman, Sheryl Crosland, Thomas Dickson, Daniel Hurwitz, Sandra Lawrence, William Rahm, John Schreiber, and James Taylor. Each of these nominees currently serves as a director of the company. The board of directors recommends that stockholders vote for each of the director nominees. The second matter requiring the vote of stockholders is to ratify the appointment of Deloitte & Touche to serve as the company's independent registered public accounting firm for 2022.

The board of directors recommends that stockholders vote for ratifying the appointment of Deloitte as the company's independent registered public accounting firm for 2022. The third matter requiring the vote of stockholders is to approve on a non-binding advisory basis the compensation paid to the company's named executive officers. The board of directors recommends that stockholders vote for the approval on a non-binding advisory basis of the compensation paid to the company's executive officers. The fourth matter requiring the vote of stockholders is to approve the Brixmor Property Group Inc. 2022 Omnibus Incentive Plan. The board of directors recommends that stockholders vote for the approval of the Brixmor Property Group Inc. 2022 Omnibus Incentive Plan. Because no further business is on the agenda to come before the meeting, we will now move to voting.

As a reminder, if you have provided your proxy card or otherwise voted in advance of the meeting, your shares will be voted accordingly. Please do not vote during the annual meeting unless you want to change your proxy vote. I declare the polls now open for each matter to be voted on today. If you properly registered to attend this virtual meeting and have not already voted, please do so now in accordance with the instructions on your computer screen. I now declare that the polls are closed and ask the inspector to tally the vote and report the results of the meeting.

The report of the inspector shows, and I hereby declare that each of Michael Berman, Julie Bowerman, Sheryl Crosland, Thomas Dickson, Daniel Hurwitz, Sandra Lawrence, William Rahm, John Schreiber, and James Taylor have each been elected to serve as a director of the company for a one-year term expiring at the 2023 Annual Meeting of Stockholders. The report of the inspector shows, and I hereby declare that the appointment of Deloitte & Touche to serve as the company's independent registered public accounting firm for 2022 has been ratified. The report of the inspector further shows, and I hereby declare that the compensation paid to the company's named executive officers has been approved. The report of the inspector further shows, and I hereby declare that the Brixmor Property Group Inc. 2022 Omnibus Incentive Plan has been approved.

As there are no other matters to be considered, I wish to thank you for attending today's meeting. The meeting is now officially adjourned.

Operator

Thank you. We will now proceed to the question and answer session. As a reminder, you can still submit your question through the questions pane in the control panel. I will now turn the call over to Jim Taylor, CEO and President of Brixmor Property Group, for any questions.

James Taylor
CEO and President, Brixmor Property Group Inc

We do not see any questions, moderator.

Operator

Great. Thank you. With that being said, this concludes the stockholder meeting. Thank you all for attending today's meeting and for your continuing support of the company. Enjoy the rest of your day.

James Taylor
CEO and President, Brixmor Property Group Inc

Thank you.

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