04/03/2019

The RMR Group Inc. Announces Annual Meeting Results

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced the results of its 2019 Annual Meeting of Shareholders which was held today.

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

   

Director

Percentage of Shares Outstanding For

Ann Logan 97.8%
 

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

   

Director

Percentage of Shares Outstanding For

Rosen Plevneliev 97.2%
 

Walter C. Watkins, Jr. was re-elected as an Independent Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

   

Director

Percentage of Shares Outstanding For

Walter C. Watkins, Jr. 97.8%
 

Jennifer Clark was re-elected as a Managing Director. The final tabulation of the percentage of shareholders’ votes cast for this Director is as follows:

   

Director

Percentage of Shares Outstanding For

Jennifer Clark 97.0%
 

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

   

Director

Percentage of Shares Outstanding For

Adam D. Portnoy 96.9%
 

Shareholders ratified the appointment of Ernst & Young LLP as RMR’s independent auditors to serve for the 2019 fiscal year. The final tabulation of the percentage of shareholders’ votes cast for this proposal is as follows:

   

Proposal

Percentage of Shares Outstanding For

Ratification of Independent Auditors 99.6%
 

The RMR Group Inc. is a holding company, and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate operating companies. As of December 31, 2018, The RMR Group LLC had approximately $29.7 billion of total assets under management, including more than 1,500 properties, and employed over 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.

Timothy A. Bonang, Senior Vice President
(617) 796-8230

Source: The RMR Group Inc.

Cautionary Language

The information appearing in RMR's website includes statements which constitute forward looking statements. These forward looking statements are based upon RMR's present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. RMR's actual results may differ materially from those contained in RMR's forward looking statements. The information contained in RMR's filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” and “Warnings Concerning Forward Looking Statements” in RMR's periodic reports and other filings, identifies important factors that could cause RMR's actual results to differ materially from those stated or implied in RMR's forward looking statements. RMR's filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on RMR's website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements. Except as required by law, RMR does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.

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