8-K
MEDICAL PROPERTIES TRUST INC false 0001287865 --12-31 0001287865 2020-05-21 2020-05-21

 

 

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 21, 2020

 

MEDICAL PROPERTIES TRUST, INC.

(Exact Name of Registrant as Specified in Charter)

 

Maryland

 

001-32559

 

20-0191742

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I. R. S. Employer

Identification No.)

1000 Urban Center Drive, Suite 501

Birmingham, AL 35242

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (205) 969-3755 

 

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:

  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 Securities Act:

Title of each class

 

Trading

Symbols(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.001 per share, of Medical Properties Trust, Inc.

 

MPW

 

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

On May 21, 2020, the Board of Directors (the “Board”) of Medical Properties Trust, Inc. (the “Company”) amended the Second Amended and Restated Bylaws of the Company (the “Bylaws”) to expressly delineate the authority of the Company’s Chief Executive Officer with respect to the appointment, removal, replacement and other matters regarding Vice Presidents, Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries and other similar subordinate officers of the Company. This amendment is effective as of May 21, 2020.

The foregoing description of the amendment to the Bylaws is not complete and is qualified in its entirety by reference to the copy of such amendment filed as Exhibit 3.1 hereto and incorporated herein by reference.

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

(a)    The Company’s annual meeting of stockholders was held on May 21, 2020.

(b)    All of the proposals considered at the annual meeting were approved, including the election of all director nominees. Set forth below are the final voting results for each matter voted upon, including the number of votes that were cast for and against each nominee or proposal, and the number of abstentions and broker non-votes, as applicable.

Proposal 1: The election of eight directors to the Board, to serve until the next annual meeting of stockholders in 2021 or until their respective successors are elected and qualify:

Nominee:

 

For:

   

Against:

   

Abstentions:

   

Broker Non-Votes:

 

Edward K. Aldag, Jr.

   

393,537,309

     

11,919,177

     

677,730

     

63,480,093

 

G. Steven Dawson

   

391,216,420

     

14,352,441

     

565,355

     

63,480,093

 

R. Steven Hamner

   

365,149,348

     

40,419,906

     

564,962

     

63,480,093

 

Caterina A. Mozingo

   

403,238,094

     

2,334,402

     

561,720

     

63,480,093

 

Elizabeth N. Pitman

   

400,329,906

     

5,245,332

     

558,978

     

63,480,093

 

C. Reynolds Thompson, III

   

399,373,102

     

6,126,244

     

634,870

     

63,480,093

 

D. Paul Sparks, Jr.

   

401,616,410

     

3,895,560

     

622,246

     

63,480,093

 

Michael G. Stewart

   

397,158,660

     

8,368,275

     

607,281

     

63,480,093

 

Proposal 2: The ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2020:

For:

 

Against:

 

Abstentions:

 

Broker Non-Votes:

462,055,374

 

6,712,154

 

846,781

 

Proposal 3: The approval of a non-binding, advisory resolution approving named executive officer compensation:

For:

 

Against:

 

Abstentions:

 

Broker Non-Votes:

385,515,258

 

18,568,319

 

2,050,639

 

63,480,093

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number

   

Description

         
 

3.1

   

Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc.

         
 

104

   

Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.

MEDICAL PROPERTIES TRUST, INC.

     

By:

 

/s/ R. Steven Hamner

Name:

 

R. Steven Hamner

Title:

 

Executive Vice President and Chief Financial Officer

Date: May 22, 2020

EX-3.1

Exhibit 3.1

AMENDMENT TO THE

SECOND AMENDED AND RESTATED BYLAWS

OF MEDICAL PROPERTIES TRUST, INC.

Article III, Section 3.01 of the Second Amended and Restated Bylaws of Medical Properties Trust, Inc. (the “Bylaws”) is hereby amended as follows:

“SECTION 3.01. Enumeration. The officers of the Corporation shall consist of a President, a Chief Executive Officer, a Secretary and a Treasurer and such other officers, including without limitation a Chairman of the Board, a Chief Operating Officer, a Chief Financial Officer, a Chief Accounting Officer, one or more Vice Presidents (including Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers and Assistant Secretaries, as the Board of Directors may determine and, with respect to Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries and other officers, as the Chief Executive Officer may also from time to time determine.”

Article III, Section 3.02 of the Bylaws is hereby amended as follows:

“SECTION 3.02. Election And Appointment. At the regular meeting of the Board of Directors following the annual meeting of stockholders, the Board of Directors shall elect the President, the Chief Executive Officer, the Chief Financial Officer, the Treasurer and the Secretary. Other officers may be elected by the Board of Directors at such regular meeting of the Board of Directors or at any other regular or special meeting, except that the Chief Executive Officer may from time to time appoint one or more Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries or other officers.”

Article III, Section 3.06 of the Bylaws is hereby amended as follows:

“SECTION 3.06. Removal. If the Board of Directors in its judgment finds that the best interests of the Corporation will be served, the Board of Directors may remove any officer by the affirmative vote of a majority of the directors then in office, except that the Chief Executive Officer may also remove any Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries or other officers. Such removal shall be without prejudice to the contract rights, if any, of the person so removed.”

Article III, Section 3.07 of the Bylaws is hereby amended as follows:

“SECTION 3.07. Absence Or Disability. In the event of the absence or disability of any officer, the Board of Directors may designate another officer to act temporarily in place of such absent or disabled officer, except that the Chief Executive Officer may also designate another officer to act temporarily in place of any absent or disabled Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries or other officers.”

Article III, Section 3.08 of the Bylaws is hereby amended as follows:

“SECTION 3.08. Vacancies. Any vacancy in any office may be filled for the unexpired portion of the term by the Board of Directors, except that the Chief Executive Officer may also fill a vacancy with respect to any Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries or other officers.”

Article III, Section 3.16 of the Bylaws is hereby amended as follows:

“SECTION 3.16. Salaries. The salaries of the officers shall be fixed from time to time by the Board of Directors (or an appropriately designated committee of the Board of Directors) and no officer shall be prevented from receiving such salary by reason of the fact that he is also a director of the Corporation, except that the Chief Executive Officer may also from time to time fix and adjust the salary or other compensation payable to individuals for serving in the following offices: any Vice Presidents (excluding Executive Vice Presidents or Senior Vice Presidents), Assistant Vice Presidents, Assistant Treasurers, Assistant Secretaries or other officers.”


Article VI, Section 6.04 of the Bylaws is hereby amended as follows:

“SECTION 6.04. Execution Of Instruments. All deeds, leases, transfers, contracts, bonds, notes and other obligations to be entered into by the Corporation in the ordinary course of its business without director action may be executed on behalf of the Corporation by the Chairman of the Board, if one is elected, the Chief Executive Officer, the President, any Executive Vice Presidents, or the Treasurer or any other officer, employee or agent of the Corporation as the Board of Directors or the Chief Executive Officer may authorize.”