All Proposals Recommended by Global Self Storage Approved at 2017 Annual Meeting of Stockholders
NEW YORK, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns and operates self storage facilities, announced today that the company held its 2017 Annual Meeting of Stockholders, at which the company’s stockholders voted on (1) the election of one Class I Director for a term to expire at the 2020 Annual Meeting of Stockholders, (2) the company's 2017 Equity Incentive Plan, (3) the amendment and restatement of the company's charter, (4) an increase to the number of authorized shares of the company's common stock in the event that Proposal 3 is not approved, (5) ratifying the appointment of Tait, Weller & Baker LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2017, (6) on an advisory basis, the company's executive compensation, and (7) on an advisory basis, whether executive compensation should be submitted to stockholders for an advisory vote every one, two or three years.
Global Self Storage is pleased to announce that its stockholders have voted in accordance with the Board of Directors’ recommendations to approve Proposals 1 – 6 and Every Three Years for Proposal 7. The company firmly believes that the results of the 2017 Annual Meeting of Stockholders further support the Board of Directors’ view, which is that the proposals give the company the opportunity to deliver a better total return for its stockholders over the long term.
About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.
Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. Investors should carefully consider the risks, uncertainties, and other factors, together with all of the other information included in the company’s filings with the SEC, and similar information. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. The amount, nature, and/or frequency of dividends paid by the company may be changed at any time without notice.
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
1-212-785-0900, ext. 201
Liolios Investor Relations
Scott Liolios or Najim Mostamand, CFA
Released October 16, 2017