Whitestone REIT Shareholders Approve AREG Merger, Reject Executive Pay Plan

Whitestone REIT Shareholders Approve AREG Merger, Reject Executive Pay Plan

Whitestone REIT shareholders approved the company’s merger with AREG Wizard Intermediate LP at a virtual special meeting, satisfying the shareholder approval condition in the April 8, 2026 merger agreement.

The non-binding executive compensation proposal was rejected , as it did not receive a majority of votes cast by shareholders.

The adjournment proposal was not needed because the merger won approval; Whitestone said it will file detailed voting results with the SEC in a Form 8-K within four business days.

Shareholders of Whitestone REIT NYSE: WSR approved the company’s proposed merger with and into AREG Wizard Intermediate LP at a virtual special meeting, according to remarks delivered during the meeting by David Holeman, Whitestone’s Chief Executive Officer and Trustee.

The vote clears the shareholder approval condition contained in the merger agreement dated April 8, 2026, Holeman said after preliminary results were reported by Richard L. Leza Jr., a representative of Broadridge Financial Solutions who served as Inspector of Election for the meeting.

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“Because Proposal 1 has received the affirmative vote of at least a majority of all the votes entitled to be cast thereon, I declare that Proposal 1 is approved by the shareholders, and the shareholder approval condition in the merger agreement dated April 8, 2026 has been met,” Holeman said.

The special meeting was held for shareholders of record as of the close of business on May 14, 2026. Holeman said all shareholders of record were invited to attend the meeting, which was conducted virtually. He also said the company had received the require...