0000912595falseMAAI0000912595us-gaap:CumulativePreferredStockMember2024-05-222024-05-220000912595us-gaap:CommonStockMember2024-05-222024-05-2200009125952024-05-222024-05-22

 

 

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 22, 2024

 

MID-AMERICA APARTMENT COMMUNITIES, INC.

(Exact name of registrant as specified in its charter)

 

Tennessee

001-12762

62-1543819

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

6815 Poplar Avenue, Suite 500

 

Germantown, Tennessee

38138

(Address of Principal Executive Offices)

(Zip Code)

 

(901) 682-6600

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

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, par value $.01 per share (Mid-America Apartment Communities, Inc.)

MAA

New York Stock Exchange

8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share (Mid-America Apartment Communities, Inc.)

MAA*I

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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

 

 

 

 

 

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

On May 21, 2024, the registrant held its 2024 Annual Meeting of Shareholders. The following matters were submitted to a vote of the shareholders of record as of March 15, 2024, through the solicitation of proxies:

 

1.
To elect twelve directors to serve until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified;
2.
To provide an advisory (non-binding) vote to approve compensation of the registrant’s named executive officers; and
3.
To ratify Ernst & Young LLP as the registrant’s independent registered public accounting firm for 2024.

 

All twelve nominees were elected to serve until the 2025 Annual Meeting of Shareholders and until their successors have been duly elected and qualified. The results of the election were as follows:

For

Against

Abstain

Broker Non-Votes

H. Eric Bolton, Jr.

86,761,968

10,597,684

3,022,247

6,412,368

Deborah H. Caplan

90,117,094

10,213,936

50,869

6,412,368

John P. Case

99,750,371

582,127

49,401

6,412,368

Tamara Fischer

96,786,665

3,544,894

50,340

6,412,368

Alan B. Graf, Jr.

94,374,667

5,943,158

64,074

6,412,368

Edith Kelly-Green

95,578,344

4,755,899

47,656

6,412,368

James K. Lowder

94,773,247

5,558,647

50,005

6,412,368

Thomas H. Lowder

99,450,413

880,368

51,118

6,412,368

Claude B. Nielsen

81,359,045

18,909,498

113,356

6,412,368

W. Reid Sanders

97,312,130

3,020,255

49,514

6,412,368

Gary Shorb

94,366,227

5,963,331

52,341

6,412,368

David P. Stockert

94,884,616

5,446,862

50,421

6,412,368

The advisory (non-binding) vote to approve the compensation of named executive officers was in favor of executive compensation. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

91,268,762

9,017,026

96,111

6,412,368

Ernst & Young LLP was ratified to serve as the registrant’s independent registered public accounting firm for 2024. The results of the vote were as follows:

For

Against

Abstain

Broker Non-Votes

104,588,220

2,170,834

35,213

0

 

 

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 thereunto duly authorized.

 

 

 

 

MID-AMERICA APARTMENT COMMUNITIES, INC.

 

 

 

 

Date:

May 22, 2024

 

/s/A. Clay Holder

 

 

 

A. Clay Holder

 

 

 

Executive Vice President and Chief Financial Officer

 

 

 

(Principal Financial Officer)

 

 

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Document And Entity Information
May 22, 2024
Document And Entity Information [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 22, 2024
Entity Registrant Name MID-AMERICA APARTMENT COMMUNITIES, INC.
Entity Central Index Key 0000912595
Entity Emerging Growth Company false
Entity File Number 001-12762
Entity Incorporation, State or Country Code TN
Entity Tax Identification Number 62-1543819
Entity Address, Address Line One 6815 Poplar Avenue
Entity Address, Address Line Two Suite 500
Entity Address, City or Town Germantown
Entity Address, State or Province TN
Entity Address, Postal Zip Code 38138
City Area Code 901
Local Phone Number 682-6600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Common Stock [Member]  
Document And Entity Information [Line Items]  
Title of 12(b) Security Common Stock, par value $.01 per share
Trading Symbol(s) MAA
Security Exchange Name NYSE
Cumulative Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Title of 12(b) Security 8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share
Trading Symbol(s) MAAI
Security Exchange Name NYSE
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