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Five Star Senior Living Inc. Announces Annual Meeting Results

June 9, 2020

NEWTON, Mass.--(BUSINESS WIRE)-- Five Star Senior Living Inc. (Nasdaq: FVE) today announced the results of its 2020 Annual Meeting of Stockholders which was held earlier today as follows.

Barbara D. Gilmore was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Independent Director is as follows:

Independent Director

 

Percentage of Shares Voted For

Barbara D. Gilmore

 

89.2%

Adam D. Portnoy was re-elected as Managing Director. The final tabulation of the percentage of shareholders’ votes cast for this Managing Director is as follows:

Managing Director

 

Percentage of Shares Voted For

Adam D. Portnoy

 

86.6%

Shareholders approved the Amended and Restated 2014 Equity Compensation Plan:

Proposal

 

Percentage of Shares Voted For

Approve Amended and Restated 2014 Equity
Compensation Plan

 

90.1%

Shareholders voted to approve executive compensation by means of an advisory vote:

Proposal

 

Percentage of Shares Voted For

Approval of executive compensation

 

90.4%

Shareholders ratified the appointment of RSM US LLP as FVE’s independent registered public accounting firm to serve for the 2020 fiscal year:

Proposal

 

Percentage of Shares Voted For

Ratification of Independent Auditors

 

94.3%

FVE is a senior living and rehabilitation and wellness services company. As of March 31, 2020, FVE operated 268 senior living communities (31,272 living units) located in 32 states, including 244 communities (28,960 living units) that it managed and 24 communities (2,312 living units) that it owned or leased. FVE operates communities that include independent living, assisted living, continuing care retirement and skilled nursing communities. Additionally, our rehabilitation and wellness services segment includes Ageility Physical Therapy Solutions™, or Ageility, a division of FVE, which provides rehabilitation and wellness services within FVE communities as well as to external customers. As of March 31, 2020, Ageility operated 203 outpatient rehabilitation clinics and 41 inpatient rehabilitation clinics. FVE is headquartered in Newton, Massachusetts.

Michael Kodesch, Director, Investor Relations
(617) 796-8234
www.fivestarseniorliving.com

Source: Five Star Senior Living Inc.

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