The Board currently consists of seven members, all of whom are elected by the holders of Common Shares. Shareholders will be voting at the Annual Meeting for seven persons, that constitutes all of the members of the Board, to serve for a term of one year and until their respective successors shall have been elected and shall qualify. The Board has nominated Michael L. Ashner
, Arthur Blasberg, Jr., Howard Goldberg, Thomas F. McWilliams, Lee Seidler, Carolyn Tiffany and Steven Zalkind for re-election as Trustees. In connection with the Board's nomination of Arthur Blasberg, Jr. and Lee Seidler, the Board determined to waive the age restriction in our By-laws. No other persons have been proposed for nomination to serve as a Trustee.
Michael L. Ashner
Mr. Ashner has been our Chief Executive Officer since December 31, 2003 and Chairman since April 2004. Mr.
Ashner also served as the Executive Chairman and a trustee of Lexington Realty Trust ("Lexington"), a New York Stock Exchange listed real estate investment trust, from December 31, 2006 when Newkirk Realty Trust, Inc. ("Newkirk") was merged into Lexington to March 20, 2008. Mr.
Ashner previously served as a director and the Chairman and Chief Executive Officer of Newkirk until it was merged into Lexington. Mr.
Ashner also currently serves as the Chief Executive Officer of First Winthrop Corporation, a real estate investment and management company, a position he has held since 1996. Mr.
Ashner previously served as a director and Chief Executive Officer of Shelbourne Properties I, Inc., Shelbourne Properties II, Inc. and Shelbourne Properties III, Inc. (collectively, the "Shelbourne Entities"), three real estate investment trusts, from August 2002 until their liquidation in April 2004.
During the past six years Mr. Ashner has served as a director of NBTY, Inc. a public company that had a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 or subject to the requirements of Section 15 of such Act. Mr.
Ashner's experience in opportunistic real estate investing, as well as his performance as our chief executive officer and chairman of the Board and his experience as a board member for other large and/or public companies, led the Board to conclude that he should again be nominated as a Trustee.
, Goldberg, McWilliams, Seidler and Zalkind and Ms. Tiffany to the Board. Unless otherwise indicated, the accompanying form of proxy will be voted for the nominees listed above.
officers serve at the discretion of the Board. Set forth below is certain information regarding our executive officers at April 2, 2015 (biographical information with respect to Mr. Ashner
and Ms. Tiffany is set forth above on pages 5 and 7):
Michael L. Ashner