Mack-Cali Realty Corporation (NYSE: CLI)  announced that, based on the final, certified vote count provided by the independent Inspector of Election following the Company’s 2019 Annual Meeting of Stockholders, Mack-Cali stockholders voted to elect William L. Mack, Alan R. Batkin, Alan S. Bernikow, Frederic Cumenal, MaryAnne Gilmartin, Nori Gerardo Lietz, Michael J. DeMarco, Lisa Myers, Laura Pomerantz, Irvin D. Reid and Rebecca Robertson to the Company’s Board of Directors.

Mack-Cali stockholders also approved, on an advisory basis, the compensation of the Company’s named executive officers and the proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2019.

Additionally, as previously announced, the Mack-Cali Board adopted the following resolutions to advance its ongoing commitment to enhancing Mack-Cali’s corporate governance:

• opting out of Maryland’s unsolicited takeovers statute (“MUTA”), which permitted the Mack-Cali Board of Directors to re-classify itself without a shareholder vote, by Board resolution; and
• rescinding certain provisions of the so-called Mack Agreement, which enabled the Mack family to nominate up to three directors to the Mack-Cali Board.

William L. Mack, Chairman of the Mack-Cali Board of Directors, commented, “We thank the Company’s stockholders for engaging with the Mack-Cali Board and management team and providing constructive feedback. We welcome the newly elected directors and look forward to working collaboratively with them to create value for our stockholders.”

Michael J. DeMarco, Chief Executive Officer of Mack-Cali, added, “The changes adopted today, in addition to the recent initiatives taken by the Mack-Cali Board, demonstrate our ongoing commitment to corporate governance best practices. We will maintain an open and constructive dialogue with our stockholders, as we continue to advance Mack-Cali’s Waterfront Strategy and ongoing portfolio transformation. The Company’s management team looks forward to working with the entire Board, including our newly elected directors, to build a stronger and more focused company that drives long-term value creation for stockholders.”

The Company will file with the Securities and Exchange Commission a Current Report on Form 8-K reporting the final voting results, as certified by the independent Inspector of Elections.

About Mack-Cali Realty Corporation

One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the city's flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces.