News Column

ARES COMMERCIAL REAL ESTATE CORP FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Other Events

July 1, 2014



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

On June 26, 2014, Ares Commercial Real Estate Corporation (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting"). A quorum was present at the Annual Meeting and the Company's stockholders: (i) elected the three Class II directors named below; and (ii) ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014. The final voting results from the Annual Meeting were as follows:

(1) A proposal to elect three Class II directors to serve until the Company's 2017 annual meeting of stockholders, and until their successors have been duly elected and qualify. VOTES FOR VOTES WITHHELD BROKER NON-VOTES Caroline E. Blakely 17,036,680 506,839 8,005,564 John Hope Bryant 11,620,293 5,923,226 8,005,564 Robert L. Rosen 14,051,781 3,491,738 8,005,564



(2) A proposal to ratify the selection of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2014.

VOTES FOR VOTES WITHHELD VOTES ABSTAINED 25,150,812 26,491 371,780 Item 8.01 Other Events.



On June 26, 2014, the Company's Board of Directors formed a compensation committee. The members of the compensation committee are William L. Browning, John Hope Bryant and Michael H. Diamond, each of whom is independent for purposes of the New York Stock Exchange corporate governance listing requirements and the rules and regulations of the Securities and Exchange Commission. Mr. Bryant was appointed to serve as the chairperson of the compensation committee. For their services in these capacities, the chairperson of the compensation committee will receive an annual cash fee of $5,000, and each other member of the compensation committee will receive an annual cash fee of $2,000.

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Source: Edgar Glimpses


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