Current Report Filing (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): February 25, 2020

 

THE INTERGROUP CORPORATION

 

(Exact name of registrant as specified in its charter)

 

Delaware		1-10324		13-3293645
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

12121 Wilshire Blvd, Suite 610, Los Angeles, CA		90025
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

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		INTG		Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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.

 

The Fiscal 2019 Annual Meeting of the Shareholders of The InterGroup Corporation (the “Company”) was held on February 25, 2020 at the Hilton San Francisco Financial District, 750 Kearny Street, San Francisco, California. At that meeting, Yvonne L. Murphy and William J. Nance were elected as Class B Directors, to serve three-year terms expiring at the Fiscal 2022 Annual Meeting of Shareholders.

 

At the Annual Meeting, the shareholders also voted in favor of (1) the ratification of the Audit Committee’s selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2020; (2) the approval of the amendments to the Company’s 2010 Omnibus Employee Incentive Plan (the “2010 Incentive Plan”); and (3) the approval of the compensation of executive officers, on a nonbinding advisory basis.

 

The final tabulation of the votes follows:

 

Proposal (1) – Election of Class B Directors:

 

Nominee		For		Withheld		Broker Non-Votes
Yvonne L. Murphy		1,732,326		6,806		218,513
William J. Nance		1,729,450		9,682		218,513

 

Proposal (2) – Ratification of the Appointment of Moss Adams LLP as The Company’s Independent Registered Public Accounting Firm for the fiscal year ending June 30, 2020:

 

Votes For		Against		Abstain		Broker Non-Votes
1,952,480		936		4,229		-

 

Proposal (3) – Amendment of Section 1.3 of the 2010 Incentive Plan to extend the term from ten (10) years to sixteen (16) years, and Section 6.4 of the 2010 Incentive Plan to change “tenth (10th) anniversary date” to “twentieth (20th) anniversary date”:

 

Votes For		Against		Abstain		Broker Non-Votes
1,605,714		130,071		3,347		218,513

 

Proposal (4) – Approval of the compensation of executive officers, on a nonbinding advisory basis.

 

Votes For		Against		Abstain		Broker Non-Votes
1,726,681		7,661		4,790		218,513

 

Item 8.01. Other Matters

 

On February 25, 2020, the Company’s Board of Directors eliminated the Securities Investment Committee, the Real Estate Investment Committee, the Strategic Options Committee, the Stock Option Administration Committee, and elected the following directors to the following Board committees:

 

Compensation Committee	Audit and Finance Committee
William J. Nance, Chair	William J. Nance, Chair
John C. Love	John C. Love
Yvonne L. Murphy	Jerold R. Babin
Nominating Committee	Executive Strategic Real Estate and Securities Investment Committee (previously the Executive Committee)
Yvonne L. Murphy, Chair	John V. Winfield, Chair
John C. Love	William J. Nance
	Yvonne L. Murphy
	David Gonzalez, Advisor

 

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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.

 

	THE INTERGROUP CORPORATION
Dated: March 2, 2020	By:	/s/ Danfeng Xu
		Treasurer and Controller

 

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