EASTGROUP PROPERTIES INC
For the period ended Dec 31, 2024. Filed Apr 11, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2024 · Filed Apr 11, 2025
Contents
Nominating Procedures
When evaluating the suitability of potential director nominees – whether new candidates or incumbent directors – the Nominating and Corporate Governance Committee considers the needs of the Board and the range of skills and experiences required for effective functioning of the Board. The Committee regularly discusses director succession and refreshment of the Board to ensure that the Board is effective and composed of qualified directors who collectively provide the requisite skills noted in the matrix above. When evaluating individual board members, the Nominating and Corporate Governance Committee takes into account skills and experiences that are relevant to the Company’s business including their experience in the real estate industry; understanding of finance and accounting; exposure to disciplines relevant to the success of a public company, such as capital markets, finance, investor relations, and corporate governance; experience in real estate development and construction and other considerations memorialized in our Corporate Governance Guidelines.
The Board believes that it is in the Company’s and shareholders’ best interests that the Board be comprised of directors with diversity of thought, opinion, skill sets, professional experiences, backgrounds, and demographics. When identifying potential independent director candidates for any vacancies on the Board, the Nominating and Corporate Governance Committee will include in its initial list for consideration one or more qualified candidates who reflect varied backgrounds, including diversity of gender, race or ethnicity.
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Consideration of New Nominees
| COLLECT CANDIDATE POOL•The Nominating and Corporate Governance Committee considers candidates brought forth by incumbent Board members, management and shareholders. Current Board members who are willing to continue in service are considered for re-nomination. •The Nominating and Corporate Governance Committee has also previously engaged, and may in the future engage, an outside search firm to assist in identifying qualified candidates. | REVIEW CANDIDATES•The Nominating and Corporate Governance Committee reviews the candidate pool to identify candidates it believes are best suited to serve as a director.•The Nominating and Corporate Governance Committee and other directors and members of management interview candidates. | RECOMMEND TO BOARD•After interviewing and discussing candidates, the Nominating and Corporate Governance Committee recommends a candidate’s nomination to the full Board.•The Board evaluates and approves the new director. |
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Shareholder Recommendations
In accordance with the nominating procedures outlined above, the Nominating and Corporate Governance Committee will consider written recommendations for potential nominees suggested by shareholders. Any such person will be evaluated in the same manner as any other potential nominee for director. Any suggestion for a nominee for director by a shareholder should be sent to the Company’s Secretary at 400 W. Parkway Place, Suite 100, Ridgeland, Mississippi 39157, within the time periods set forth under the heading “About the 2025 Annual Meeting – How do I submit a proposal for the 2026 Annual Meeting?”.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.