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Whitestone REIT shareholders to vote on board declassification proposal

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Whitestone REIT shareholders to vote on board declassification proposal

Whitestone REIT shareholders are set to vote on a shareholder proposal to approve a request to declassify the shopping center real estate investment trust's board.

KBS Strategic Opportunity REIT Inc. unit KBS SOR Properties LLC plans to submit a proposal at Whitestone's 2018 annual shareholder meeting to request the board to take steps necessary to declassify the board, to require that all trustees stand for election annually and to prohibit the board from taking action to classify the board without shareholder approval.