SEIU Benefit Plans Master Trust Submits a Shareholder Proposal to Douglas Emmett
May 13, 2023 at 12:58 am IST
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On May 12, 2023, SEIU Benefit Plans Master Trust filed an exempt solicitation statement soliciting proxies and urged the shareholders of Douglas Emmett, Inc. to vote for a shareholder proposal, asking the Company to disclose policies and procedures governing lobbying, payments used for direct or indirect lobbying as well as grassroots lobbying communications, membership in and payments to tax-exempt organizations that write and endorse model legislation, and the board and management's decision-making process for making such payments, at the Company's annual shareholders meeting scheduled to be held on May 24, 2023.
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed REIT. The Company owns and operates office and multifamily properties located in premier coastal submarkets in Los Angeles and Honolulu. The Company's properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii. The Company operates through two segments: the office segment and the multifamily segment. The Company's segments include the acquisition, development, ownership and management of office and multifamily real estate. The services of its office segment include primarily the rental of office space and other tenant services, including parking and storage space rental. The services of its multifamily segment include primarily the rental of apartments and other tenant services, including parking and storage space rental.
DOUGLAS EMMETT, INC. 
