Shareholders Reject Re-election of Director Mark Alexander at Annual Meeting
LADR is trading near its 52-week low of $9.61 (6.5% above the low).
Summary
Ladder Capital Corp shareholders rejected the re-election of Director Mark Alexander at the annual meeting, indicating notable shareholder dissatisfaction with board governance.
Key Events · Corporate Governance and Compliance · LADR
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Director Mark Alexander Not Re-elected
Mark Alexander failed to secure re-election to the Board of Directors, receiving 40,825,586 votes withheld compared to 39,455,734 votes for, indicating a majority of voting shareholders did not support his re-appointment.
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Director Brian Harris Re-elected
Brian Harris was successfully re-elected as a Class III Director with 62,166,495 votes for and 18,114,825 votes withheld.
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Auditor Appointment Ratified
The appointment of Ernst & Young LLP as the independent registered public accounting firm for 2026 was ratified with overwhelming support (104,254,220 votes for).
Analysis · LADR · Real Estate & Construction
Shareholders voted against the re-election of Director Mark Alexander, with more votes withheld than cast in favor. This outcome signals significant shareholder dissatisfaction with a board member, following previous disclosures of low support for executive compensation. Such a governance event can lead to increased scrutiny of the board and potential shifts in corporate strategy or leadership.
At the time of this filing, LADR was trading at $10.23 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $9.61 to $11.92. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.