AvalonBay Communities Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Explanatory Note
This Current Report on Form 8-K discusses actions of the stockholders of AvalonBay Communities, Inc. (the “Company”) at the 2026 Annual Meeting of Stockholders of the Company (the “Annual Meeting”), including the adoption of a new equity incentive plan to replace a prior plan that was nearing its expiration, as well as the related filing of a registration statement on Form S-8 to register the shares approved for issuance under the new equity incentive plan.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
As described below in Item 5.07 of this Current Report on Form 8-K, on May 20, 2026, at the Annual Meeting, the stockholders of the Company approved the Company’s 2026 Equity Incentive Plan (the “2026 Plan”). The 2026 Plan replaced the Company’s Second Amended and Restated 2009 Equity Incentive Plan (the “Prior Plan”), which was last approved by stockholders in 2017 and was nearing its expiration date. Upon effectiveness of the 2026 Plan, no awards may be granted under the Prior Plan.
The maximum number of shares of common stock reserved for issuance under the 2026 Plan is 4,000,000. The 2026 Plan will be the primary vehicle for granting equity awards to eligible employees, directors, and other service providers, ensuring that the Company can continue to grant equity awards to eligible recipients at levels determined to be appropriate by the Company’s board of directors (the “Board”) and/or the compensation committee of the Board (the “Compensation Committee”). The 2026 Plan was approved by the Board on February 26, 2026, upon the recommendation of the Compensation Committee and subject to stockholder approval, and became effective upon receipt of stockholder approval at the Annual Meeting.
In connection with the approval of the 2026 Plan, the Company is required to file a registration statement on Form S-8 with the Securities and Exchange Commission (the “SEC”) to register the shares of common stock reserved for issuance under the 2026 Plan. The Company also intends to file a post-effective amendment to certain previously filed registration statements on Form S-8 to deregister shares of common stock remaining available for issuance under the Prior Plan that may no longer be issued thereunder.
A detailed summary of the material features of the 2026 Plan is set forth in Proposal 3 of the Company’s definitive proxy statement filed with the SEC on April 6, 2026, which description is incorporated herein by reference. The foregoing description of the 2026 Plan is qualified in its entirety by reference to the full text of the 2026 Plan, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
The Company held the Annual Meeting on May 20, 2026. Proxies were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934. At the meeting, holders of the Company’s common stock were asked to consider and vote upon (1) the election of 12 directors to serve until the 2027 Annual Meeting of Stockholders and until their successors are elected and qualified, (2) the adoption of a resolution to approve, on a non-binding, advisory basis, the compensation of certain executive officers of the Company, as described in the Company’s proxy statement, (3) the approval of the 2026 Plan, and (4) the ratification of the selection of Ernst & Young LLP to serve as the Company’s independent auditors for the fiscal year ending December 31, 2026.
Each share of common stock was entitled to one vote with respect to matters submitted to a vote of the Company’s stockholders, and the voting results reported below are final.
Proposal 1
Each of the Company’s nominees for director as listed in the proxy statement was re-elected as shown in the table below.
| Nominee: | For | Against | Abstain | Broker Non-votes | |||||
| Glyn F. Aeppel | 122,179,388 | 2,843,729 | 544,713 | 4,800,535 | |||||
| Terry S. Brown | 122,097,227 | 2,925,679 | 544,924 | 4,800,535 | |||||
| Conor C. Flynn | 124,730,295 | 292,582 | 544,953 | 4,800,535 | |||||
| Ronald L. Havner, Jr. | 123,338,428 | 1,684,624 | 544,778 | 4,800,535 | |||||
| Stephen P. Hills | 122,050,649 | 2,972,396 | 544,785 | 4,800,535 | |||||
| Christopher B. Howard | 116,183,259 | 8,567,901 | 816,670 | 4,800,535 | |||||
| Richard J. Lieb | 124,844,192 | 179,374 | 544,264 | 4,800,535 | |||||
| Nnenna Lynch | 124,959,209 | 64,041 | 544,580 | 4,800,535 | |||||
| Charles E. Mueller, Jr. | 124,499,133 | 524,135 | 544,562 | 4,800,535 | |||||
| Timothy J. Naughton | 120,966,734 | 4,047,034 | 554,062 | 4,800,535 | |||||
| Benjamin W. Schall | 124,681,096 | 341,833 | 544,901 | 4,800,535 | |||||
| Susan Swanezy | 120,566,447 | 4,377,646 | 623,737 | 4,800,535 |
Proposal 2
Stockholders approved the compensation paid to the Company’s named executive officers as disclosed pursuant to Item 402 of Regulation S-K. 119,464,870 votes were cast in favor of approval of such compensation, 5,518,957 votes were cast against, and there were 584,003 abstentions. There were 4,800,535 broker non-votes with respect to Proposal 2.
Proposal 3
Stockholders approved the 2026 Plan, as presented in the Company’s proxy statement. 120,822,121 votes were cast in favor of approval of the 2026 Plan, 4,185,496 votes were cast against, and there were 560,213 abstentions. There were 4,800,535 broker non-votes with respect to Proposal 3.
Proposal 4
Stockholders ratified the selection of Ernst & Young LLP as the Company’s independent auditors for fiscal year 2026. 123,705,217 votes were cast in favor of ratifying the selection of Ernst & Young LLP, 6,650,693 votes were cast against, and there were 12,455 abstentions. There were no broker non-votes with respect to Proposal 4.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 10.1 | AvalonBay Communities, Inc. 2026 Equity Incentive Plan, incorporated by reference to Appendix II to the Company’s definitive Proxy Statement on Schedule 14A filed on April 6, 2026. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AVALONBAY COMMUNITIES, INC. | ||
| Dated: May 22, 2026 | By: | /s/ Kevin P. O’Shea |
| Kevin P. O’Shea | ||
| Chief Financial Officer | ||