Shareholders Re-elect Directors, Approve Auditor & Executive Pay Amidst Dissent
UMH is trading near its 52-week low of $13.93 (12% above the low).
Summary
UMH Properties shareholders re-elected all directors and approved auditor appointment and executive compensation, but a significant portion of votes were withheld for one director, reflecting shareholder dissent.
Key Events · Corporate Governance and Compliance · UMH
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Director Re-election Faced Significant Dissent
Director Matthew I. Hirsch was re-elected despite receiving 28,516,190 "Withheld" votes, representing approximately 40.9% of the votes cast (excluding broker non-votes), indicating substantial shareholder dissatisfaction.
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Executive Compensation Approved with Notable Opposition
The advisory resolution to approve executive officer compensation passed with 66,658,586 "For" votes, but also saw 2,107,999 "Against" votes and 940,183 "Abstain" votes.
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Auditor Ratification Overwhelmingly Approved
Shareholders overwhelmingly ratified the appointment of PKF O'Connor Davies, LLP as the independent registered public accounting firm for the year ending December 31, 2026.
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Annual Meeting Held
The annual meeting of shareholders was held on May 27, 2026, with 91.45% of eligible shares represented.
Analysis · UMH · Real Estate & Construction
The annual meeting results reveal significant shareholder dissent, particularly concerning the re-election of director Matthew I. Hirsch, who received a high percentage of "withheld" votes. This outcome follows a recent activist campaign by Erez Asset Management, highlighting ongoing governance concerns. While all proposals passed, the voting patterns indicate a notable level of shareholder dissatisfaction with certain board members and executive compensation.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, UMH was trading at $15.62 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $13.93 to $17.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.