Stockholders elected all the four company’s Director Nominees to the Board of National Health Investors (NHI)
Key Summary: On April 18, 2024, Land & Buildings Investment Management, LLC voiced concerns about undervaluation and governance, particularly regarding the lease renewal with National HealthCare Corporation (NHC). They plan to vote against directors Robert Webb and Charlotte Swafford at the next Annual Meeting for boardroom change. On February 19, 2025, Land & Buildings announced that it has nominated two candidates for election to the Board. At the AGM held on May 21, 2025, shareholders re-elected all the four company’s director nominees to the Board.
Market Cap: $3.5 billion | National Health Investors, Inc is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments.
- On April 18, 2024, Land & Buildings Investment Management, LLC issued a presentation to shareholders expressing concerns about undervaluation and poor corporate governance at the company. They specifically criticized the Board's management of critical issues, such as the lease renewal with National HealthCare Corporation (NHC). L&B plans to vote against current directors Robert Webb and Charlotte Swafford at the upcoming Annual Meeting, advocating for boardroom change.
- On May 8, 2024, Land & Buildings criticized the company's recent actions as insufficient in addressing governance concerns. Land & Buildings urged full destaggering of the Board and collaboration with shareholders to appoint an independent director. They planned to vote against incumbent directors Webb and Swafford at the upcoming Annual Meeting. Source
- On May 15, 2024, Land & Buildings issued a presentation on National Health Investors reiterating their concerns.
- On February 19, 2025, Land & Buildings announced that it has nominated two experienced and independent candidates for election to the Board at the upcoming 2025 Annual Meeting of Stockholders.
- On March 24, 2025, Land & Buildings filed proxy materials seeking support for its nominees.
- On April 24, 2025, Land & Buildings issued an investor presentation titled “National Health Investors (NHI): A Governance Cure for a Healthier Future,” reiterating their concerns.
- On May 8, 2025, Land & Buildings announced that Glass Lewis has recommended that stockholders vote “FOR” the election of Land & Buildings’ independent nominees – Jim Hoffmann and Adam Troso – to the Company’s Board of Directors at the 2025 Annual Meeting of Stockholders
- On May 12, 2025, Land & Buildings announced that ISS has recommended that stockholders vote “FOR” the election of Land & Buildings’ independent nominees – Jim Hoffmann and Adam Troso – to the Company’s Board of Directors at the 2025 Annual Meeting of Stockholders
- At the AGM held on May 21, 2025, shareholders re-elected all the four company’s director nominees to the Board.
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