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CNL GROWTH PROPERTIES, INC. FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

June 10, 2014



Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 10, 2014, CNL Growth Properties, Inc. (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting") at its principal offices in Orlando, Florida. Of the 19,522,986 shares of the Company's common stock that were issued and outstanding as of the record date and entitled to vote at the Annual Meeting, a total of 10,347,433 shares (approximately 53%) were present in person or represented by proxy at the Annual Meeting constituting a quorum for the transaction of business.

At the Annual Meeting, the stockholders (i) elected all three of the nominees, as listed below, to serve on the board of directors of the Company until the 2015 Annual Meeting of Stockholders and until their successors shall have been duly elected and qualified, and (ii) ratified the selection of PricewaterhouseCoopers LLP as the Company's independent registered certified public accounting firm for the fiscal year ending December 31, 2014. The vote necessary for the election of directors under the Company's charter is a majority of the votes actually cast, and accordingly, broker non-votes have no effect on the election of directors.

The voting results, in detail, are as follows:

I: The election of all three nominees for director, each to serve for a term expiring at the 2015 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified: Director Nominees: For Withheld Broker Non-Votes James M. Seneff, Jr. 3,578,694 116,878 6,651,861 Stephen P. Elker 3,588,703 106,869 6,651,861 Mary Lou Fiala 3,584,368 111,204 6,651,861 II: The ratification of PricewaterhouseCoopers LLP as the Company's independent registered certified public accounting firm for the fiscal year ending December 31, 2014: For Against Abstained 10,209,860 33,832 103,741



No other business was transacted at the Annual Meeting.

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Source: Edgar Glimpses


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