Aimco Shareholders Elect Land & Buildings Nominee to the Board at the 2022 Annual Meeting
Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”, “us” or “we”), a large shareholder of Apartment Investment and Management Company (NYSE: AIV) (“Aimco” or the “Company”), announced that, based on the preliminary report provided by its proxy solicitor, shareholders have voted to remove Aimco director Michael Stein by electing Land & Buildings nominee James (“Jim”) P. Sullivan to the Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”) held today.
- Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”, “us” or “we”), a large shareholder of Apartment Investment and Management Company (NYSE: AIV) (“Aimco” or the “Company”), announced that, based on the preliminary report provided by its proxy solicitor, shareholders have voted to remove Aimco director Michael Stein by electing Land & Buildings nominee James (“Jim”) P. Sullivan to the Board of Directors (the “Board”) at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”) held today.
- According to the preliminary analysis, Jim Sullivan received more than twice as many votes as Aimco’s incumbent director Michael Stein.
- Land & Buildings Founder and Chief Investment Officer, Jonathan Litt, commented on the preliminary results of the Annual Meeting:
“We are grateful to our fellow Aimco shareholders for their support throughout our campaign. - Today’s vote to elect Jim Sullivan to the Board is a clear signal that shareholders are no longer satisfied with the status quo at Aimco, and we are confident that Jim will be a voice for change from day one.