8-K

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 20, 2014

BOSTON PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

  

1-13087

  

04-2473675

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

Identification No.)

800 Boylston Street, Suite 1900, Boston, Massachusetts 02199-8103

(Address of principal executive offices) (Zip Code)

(617) 236-3300

(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))

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On May 20, 2014, Boston Properties, Inc. (the “Company”) amended its Second Amended and Restated By-laws, as previously amended (the “By-laws”), in connection with the Company’s appointment of Ivan G. Seidenberg as its initial lead independent director. Previously, the By-laws provided that the Company’s Chief Executive Officer or President was to preside at all meetings of the Board of Directors of the Company when the Chairman was not present. The amendment to the By-laws removed this provision as a result of the fact that the Company’s lead independent director will have this responsibility.

The foregoing description of the amendment to the By-laws is qualified in its entirety by reference to the copy of the amendment filed as Exhibits 3.1 to this Form 8-K, which is incorporated by reference herein.

 

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

The Company held its 2014 annual meeting of stockholders (the “2014 Annual Meeting”) on May 20, 2014. At the 2014 Annual Meeting, the stockholders of the Company were asked to (1) elect Carol B. Einiger, Dr. Jacob A. Frenkel, Joel I. Klein, Douglas T. Linde, Matthew J. Lustig, Alan J. Patricof, Ivan G. Seidenberg, Owen D. Thomas, Martin Turchin, David A. Twardock and Mortimer B. Zuckerman to the Company’s Board of Directors, (2) cast an advisory vote on named executive officer compensation, as described in the Company’s proxy statement, (3) ratify the Audit Committee’s appointment of PricewaterhouseCoopers LLP (“PWC”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014, (4) vote on a stockholder proposal concerning an independent board chairman, (5) vote on a stockholder proposal concerning the adoption of proxy access and (6) vote on a stockholder proposal concerning a policy regarding accelerated vesting of equity awards of named executive officers upon a change in control.

At the 2014 Annual Meeting, the stockholders elected all eleven director nominees, approved the advisory resolution on the compensation of the Company’s named executive officers, ratified the appointment of PWC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014, approved the stockholder proposal concerning the adoption of proxy access and approved the stockholder proposal concerning a policy regarding accelerated vesting of equity awards of named executive officers upon a change in control. The stockholder proposal concerning an independent board chairman did not receive the affirmative vote of a majority of shares present in person or represented by proxy at the 2014 Annual Meeting and entitled to vote and, as a result, was not approved.

The following is a statement of the number of votes cast for or against each matter or director nominee. In addition, the following sets forth the number of abstentions and broker non-votes with respect to each matter or director nominee, as applicable.

 

     For      Against      Abstain      Broker
Non-Votes		  

Election of Directors:

            

Carol B. Einiger

      132,148,210         1,460,331         123,714         3,868,261   

Dr. Jacob A. Frenkel

      131,954,883         1,651,717         125,655         3,868,261   

Joel I. Klein

      132,297,266         1,309,758         125,231         3,868,261   

Douglas T. Linde

      130,978,184         2,629,961         124,110         3,868,261   

Matthew J. Lustig

      132,884,548         705,405         142,303         3,868,261   

Alan J. Patricof

      131,538,807         2,068,047         125,401         3,868,261   

Ivan G. Seidenberg

      133,244,944         361,801         125,511         3,868,261   

Owen D. Thomas

      131,422,481         2,184,565         125,210         3,868,261   

Martin Turchin

      120,845,862         12,762,035         124,358         3,868,261   

David A. Twardock

      131,176,756         2,431,268         124,231         3,868,261   

Mortimer B. Zuckerman

      130,927,635         2,679,766         124,855         3,868,261   
     For      Against      Abstain      Broker
Non-Votes		  

Non-binding, advisory vote on named executive officer compensation

      125,904,648         6,222,502         1,604,958         3,868,261   
     For      Against      Abstain      Broker
Non-Votes		  

Ratification of appointment of PWC

      136,275,945         1,198,955         125,616         N/A   
     For      Against      Abstain      Broker
Non-Votes		  

Stockholder proposal concerning independent board chair

      18,398,987         115,184,179         149,090         3,868,261   
     For      Against      Abstain      Broker
Non-Votes		  

Stockholder proposal concerning the adoption of proxy access

      86,082,932         47,446,048         203,275         3,868,261   
     For      Against      Abstain      Broker
Non-Votes		  

Stockholder proposal concerning accelerated vesting

      70,829,654         62,497,934         404,666         3,868,261   

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number

   

Description

3.1    Amendment No. 2 to Second Amended and Restated By-laws of Boston Properties, Inc.

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.

 

    BOSTON PROPERTIES, INC.
Date: May 22, 2014     By:   /s/ Michael E. LaBelle
   

Name:

Title:

  

Michael E. LaBelle

Senior Vice President, Chief Financial Officer

EXHIBIT INDEX

 

Exhibit
Number

   

Description

3.1    Amendment No. 2 to Second Amended and Restated By-laws of Boston Properties, Inc.