UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 16, 2013
APPLE REIT EIGHT, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Virginia | | 000-53175 | | 20-8268625 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
| | | |
| 814 East Main Street, Richmond, Virginia | | 23219 |
| (Address of principal executive offices) | | (Zip Code) |
(804) 344-8121
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Apple REIT Eight, Inc. (which is referred to below as the “Company”) is filing this report in accordance with Items 5.07 and 8.01 of Form 8-K.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 16, 2013, the Company held its Annual Meeting of Shareholders. At the Annual Meeting, shareholders considered: 1) the election of the one director nominee named in the proxy statement; 2) an advisory resolution to approve the allocated compensation of the Company’s named executive officers; and 3) the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2013. The Company’s shareholders voted as follows on these matters:
| 1. | Shareholders elected the one director nominee named in the proxy statement with the following votes: |
| NOMINEE | | FOR | | | WITHHELD | | | BROKER NON- VOTES | |
| Glade M. Knight | | 25,010,380 | | | 2,518,673 | | | 65,096,842 | |
| 2. | Shareholders approved the advisory resolution to approve the allocated compensation of the Company’s named executive officers with the following votes: |
| | | | | | | | | BROKER NON- | |
| 21,987,796 | | | 4,504,659 | | | 1,036,598 | | | 65,096,842 | |
| 3. | The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2013. This proposal received the following votes: |
| FOR | | | AGAINST | | | ABSTAIN | | | BROKER NON- VOTES | |
| 91,170,549 | | | 962,154 | | | 493,192 | | | 0 | |
Item 8.01. Other Events.
The Company announced it plans to complete the funding of its Unit Redemption Program for 2013 during the second quarter of 2013. During 2013, the Company will redeem approximately 1.1 million Units for approximately $12 million. The redemptions made in 2013 represent approximately 1% of the Company’s outstanding Units and approximate anticipated proceeds for 2013 under its Dividend Reinvestment Plan. The Company’s next Unit redemption payment is planned for January 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Apple REIT Eight, Inc. | |
| | | | |
| Date: May 20, 2013 | By: | /s/ Glade M. Knight | |
| | | Glade M. Knight, | |
| | | Chief Executive Officer | |
| | | | |
