Stockholders Re-elect Directors, Ratify E&Y and Approve Charter Amendment;
Board Re-appoints Leadership
CHICAGO, May 19 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") said today that its Board of Directors declared a regular quarterly dividend of $0.5125 per share, payable in cash on June 27, 2008 to stockholders of record on June 4, 2008. The dividend is the second quarterly installment of the Company's 2008 annual dividend.
STOCKHOLDERS APPROVE PROPOSALS
At Ventas's annual meeting today, stockholders voted to re-elect the following Board members to new one-year terms: Debra A. Cafaro, Douglas Crocker II, Ronald G. Geary, Jay M. Gellert, Robert D. Reed, Sheli Z. Rosenberg, James D. Shelton and Thomas C. Theobald.
Ventas stockholders also ratified Ernst & Young LLP as the Company's independent registered public accounting firm for 2008 and approved an amendment to the Company's Certificate of Incorporation to eliminate the Board's ability to provide waivers from the constructive ownership limitations therein relating to Ventas's status as a qualified real estate investment trust under U.S. federal income tax law.
BOARD RE-APPOINTS LEADERSHIP
Also today, consistent with the Company's commitment to sound corporate governance, the Ventas Board of Directors re-appointed Mr. Crocker, an independent director, as the Company's Presiding Director to chair executive sessions of the Board and otherwise act as a liaison between the independent members of the Ventas Board and the Company's management. Additionally, the Ventas Board re-appointed Ms. Cafaro as Chairman. Ms. Cafaro is also the Company's President and Chief Executive Officer.
|SOURCE Ventas, Inc.|
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