Income Opportunity Realty Investors (NYSEAMERICAN:IOR) Holds Annual Meeting, Elects Directors and Ratifies Independent Auditors

Income Opportunity Realty Investors, Inc. (IOR) recently held its Annual Meeting of Stockholders on December 11, 2024, as outlined in a Form 8-K report filed with the Securities and Exchange Commission (SEC). The meeting, which followed a proxy solicitation and was conducted in accordance with the Notice of Annual Meeting and related Proxy Statement dated November 9, 2023, saw a significant turnout of shareholders.

A total of 4,066,178 shares of Common Stock were outstanding as of the record date on November 7, 2024, with each share carrying one voting right. Proxies representing 3,230,130 shares, constituting 94.86% of the outstanding shares, were cast at the meeting, ensuring a quorum was present either in person or by proxy. Additionally, it was noted that out of the 4,168,214 outstanding shares of Common Stock, 3,230,130 were held in DTC/CEDE accounts.

One of the key agenda items of the Annual Meeting was the election of directors. The following nominees were elected based on the votes cast: Henry A. Butler, Robert A. Jakuszewski, Ted R. Munselle, and Fernando Victor Lara Celis. All nominees, who are current directors of IOR, secured re-election during the meeting.

Another significant matter discussed and voted upon was the ratification of Farmer, Fuqua & Huff, P.C. as the independent registered public accounting firm for IOR for the fiscal year ending December 31, 2024, and any interim period. A total of 3,839,905 votes were cast in favor of this appointment, with 17,310 votes against, and 1,311 votes abstaining. Notably, there were no broker non-votes recorded for this proposal.

Following the Annual Meeting, the Board of Directors convened on December 12, 2024. During this subsequent meeting, Henry A. Butler was re-elected as the Chairman of the Board, and Ted Munselle was re-appointed as the Presiding Director.

Income Opportunity Realty Investors, Inc. ensured compliance with the reporting obligations as required by the Securities Exchange Act of 1934, with the Current Report on Form 8-K signed on December 12, 2024, by Erik L. Johnson, President and Chief Executive Officer of the company.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Income Opportunity Realty Investors’s 8K filing here.

About Income Opportunity Realty Investors

Income Opportunity Realty Investors, Inc, a Dallas-based real estate investment company, currently holds a portfolio of notes receivable. The Company invests in real estate through direct equity ownership and partnerships.