IIPR shareholders approve new equity plan with 1.25M shares, executive pay vote shows dissent

Filed June 9, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• medium

  Stockholders approved new 2026 equity incentive plan authorizing 1.25 million shares for employee and director compensation, replacing the 2016 plan which was terminated June 9, 2026.

  Item 5.07: Annual Meeting verify on EDGAR →
• medium

  Executive compensation received only 64% support in advisory vote (10.7M for vs 6.0M against), signaling meaningful shareholder dissatisfaction with pay levels or structure.

  Item 5.07: Say-on-Pay verify on EDGAR →
• low

  All five directors elected to serve until 2027 annual meeting; Scott Shoemaker received highest opposition with 6.6M withheld votes but still secured majority support.

  Item 5.07: Director Elections verify on EDGAR →