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NASHVILLE - Brookdale Senior Living Inc. (NYSE:BKD) announced Friday that shareholders elected all eight of the company’s director nominees to its Board of Directors at its 2025 Annual Meeting of Stockholders. The announcement comes as the company’s stock trades near its 52-week high of $8.12, having delivered an impressive 58% return over the past six months, according to InvestingPro data.
According to preliminary vote counts, each nominee received support from a majority of outstanding shares. The elected board members include Jordan Asher, MD, Claudia Drayton, Mark Fioravanti, Victoria Freed, Joshua Hausman, Elizabeth Mace, Denise Warren, and Lee Wielansky.
Shareholders also approved all other proposals submitted for voting at the annual meeting. The results remain preliminary until final tabulation and certification by the independent Inspector of Elections.
"We thank our shareholders for the confidence that they have shown in our Board and our strategy to create shareholder value," the company stated in a press release. Brookdale noted it remains focused on executing five key initiatives: improving operating performance, optimizing real estate portfolio, reinvesting capital into communities, reducing leverage, and ensuring high-quality environments for residents and associates. InvestingPro analysis reveals the company operates with a significant debt burden, with a debt-to-equity ratio of 38.15 and short-term obligations exceeding liquid assets, highlighting the importance of its leverage reduction strategy.
Brookdale Senior Living operates 645 communities across 41 states with capacity to serve approximately 58,000 residents as of June 30, 2025. The company provides independent living, assisted living, memory care, and continuing care retirement communities.
The senior living operator’s stock trades on the New York Stock Exchange under the ticker symbol BKD. Final voting results will be reported in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Brookdale Senior Living Inc. reported an increase in occupancy rates for June 2025, with a consolidated occupancy of 80.5%, marking a 230 basis point rise from the previous year. The company also noted that its month-end consolidated occupancy reached 82.2%, attributed to strong demand and effective sales execution. In addition, Brookdale’s second-quarter weighted average consolidated occupancy improved by 200 basis points year-over-year. Meanwhile, proxy advisory firm Glass Lewis has recommended that Brookdale shareholders vote for nominees proposed by activist investor Ortelius Advisors, citing the need for changes in the company’s board. This recommendation is supported by Egan-Jones, which also backs Ortelius’ nominees, pointing to Brookdale’s financial underperformance and high debt burden. Institutional Shareholder Services (ISS), however, advised against giving Ortelius control of the board, questioning the feasibility of their proposed plan. Brookdale has urged shareholders to support its board nominees, emphasizing the experience and expertise of its directors. These developments come as Brookdale continues its efforts to optimize its portfolio and improve its financial performance.
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