Item 5.07. Submission of Matters to a Vote of Security Holders.

The Fiscal 2019 Annual Meeting of the Shareholders of Santa Fe Financial Corporation (the "Company") was held on February 26, 2020 at the Hilton San Francisco Financial District, 750 Kearny Street, San Francisco, California. At that meeting, all of management's nominees: John V. Winfield, Robert Dika and William J. Nance were elected as Directors of the Company to serve until the next Annual Meeting. At the Annual Meeting, the shareholders also voted in favor of 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 and approved, in a non-binding vote, the compensation of our named executive officers.

The final tabulation of the votes follows:

Proposal (1) - Election of Directors:





    Nominee           For      Against   Abstain   Broker Non-Votes

John V. Winfield   1,079,246    2,829      600          51,930
William J. Nance   1,079,846    2,829       -           51,930
  Robert Dika      1,079,846    2,829       -           51,930

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

1,134,545     30        30             -

Proposal (3) - Approval of the compensation of executive officers, on a nonbinding advisory basis.





Votes For   Against   Abstain   Broker Non-Votes

1,078,146    3,829      700          51,930


Item 8.01. Other Matters

On February 26, 2020, the Company's Board of Directors eliminated the Securities Investment Committee and elected the following directors to the following Board committees:

Compensation Committee Audit Committee

William J. Nance, Chair William J. Nance, Chair
Robert Dika             Robert Dika
                        Executive Strategic Real Estate and Securities Investment

Nominating Committee Committee

William J. Nance, Chair John V. Winfield, Chair
Robert Dika             Robert Dika
                        David Gonzalez, Advisor




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