Apartment Investment & Management Co
9 nominees · 4 ballot items.
Elect nine directors for one-year terms; ratify Grant Thornton LLP as Aimco’s independent registered public accounting firm for fiscal 2026; conduct a non-binding advisory vote to approve the compensation of the Company’s named executive officers (Say-on-Pay); and transact such other business as may properly come before the Annual Meeting.
Follow how the vote landed and what changed on Apartment Investment & Management Co’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot4
- 1
Election of Directors
ManagementBoard: FORElect nine directors to serve one-year terms until the 2027 Annual Meeting and until their successors are duly elected and qualified.
- 2
Ratification of Selection of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify the Audit Committee’s selection of Grant Thornton LLP to serve as Aimco’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
- 3
Advisory Vote to Approve Executive Compensation
ManagementBoard: FORA non-binding, advisory vote to approve the compensation of Aimco’s named executive officers as disclosed in the Proxy Statement (Say-on-Pay).
More detail
This proposal requests a non-binding, advisory approval of the compensation awarded to the Company’s named executive officers as disclosed in the Proxy Statement. Management frames this as an endorsement of the company’s overall pay program, which it describes as pay-for-performance with a mix of base salary, short-term incentive (STI) tied to corporate KPIs, and long-term incentive (LTI) awards (two-thirds of which are performance-based and tied to relative TSR). Management seeks stockholder support to confirm that its compensation framework aligns executives’ interests with those of stockholders, to support retention during execution of strategic initiatives (including the Plan of Sale and Liquidation), and to maintain stability during any transactional period. The Board’s recommendation for a “FOR” vote is grounded in the Compensation and Human Resources Committee’s review, benchmarking to a peer group, engagement with major stockholders, and the program’s governance features—such as double-trigger change-in-control vesting, clawback policy, caps on payouts, and stock ownership guidelines (recently adjusted due to liquidation). The company reports strong 2025 operational outcomes (significant asset sales, debt reduction, and substantial special dividends) and argues these results demonstrate alignment between pay and performance. The advisory vote is non-binding, but management states it will consider the outcome and, if significant negative feedback occurs, will evaluate changes. For sophisticated investors assessing the merits, key points include the degree to which STI metrics (capital allocation, portfolio & financial management, construction/lease-up, and human capital) and TSR-based LTI align with long-term value creation, the use of relative TSR and absolute TSR safeguards (e.g., no upside if absolute TSR is negative), and the special arrangements (e.g., Powell Letter Agreement and retention/bonus prepayments) implemented to secure leadership through the Plan of Sale and Liquidation. Investors should weigh the program’s strong governance features and recent performance against concentrated retention payments and whether those payments are appropriately calibrated to protect stockholder value during a liquidation process.
- 4
Transaction of Other Business
ManagementBoard: FORTransact such other business as may properly come before the Annual Meeting or any adjournment(s) thereof.
More detail
This item is a standard catch-all resolution included in proxy notices to permit the proxies named on the card to vote on any additional matters that may properly arise during the meeting that are not specifically described in the proxy materials. It does not request approval of a particular substantive action and typically covers procedural matters or unforeseen business that may be timely presented at the meeting. The Board recommends a vote “FOR” to ensure valid proxies can be exercised on such matters in accordance with the Board’s judgment and to facilitate orderly conduct of the meeting. For an analyst, the key governance consideration is that such authority is routine and narrow: proxies are expected to exercise discretion only on matters properly presented and not to be used to effect material changes without stockholder notice. Stockholders concerned about potential substantive actions should note that material proposals are generally disclosed in advance; any truly material transaction presented without prior disclosure would be subject to scrutiny and likely require later stockholder approval where legally required. The presence of this item does not in itself indicate that the Company anticipates specific additional actions; rather, it is a procedural measure to ensure the meeting can transact business if necessary.
Nominees on the ballot9
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | PRICE T ROWE ASSOCIATES INC /MD/ | 11.9% | 17,156,764 | $70M |
| 2 | Madison Avenue Partners, LP | 8.6% | 12,374,991 | $50M |
| 3 | Newtyn Management, LLC | 8.5% | 12,200,000 | $50M |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.0% | 8,595,664 | $35M |
| 5 | Weiss Asset Management LP | 5.7% | 8,150,456 | $33M |
| 6 | Irenic Capital Management LP | 3.5% | 5,029,521 | $20M |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 3.3% | 4,691,383 | $19M |
| 8 | Owl Creek Asset Management, L.P. | 2.1% | 3,023,200 | $12M |
| 9 | HRT FINANCIAL LP | 1.9% | 2,678,415 | $11M |
| 10 | LANDMARK INVESTMENT PARTNERS, L.P. | 1.8% | 2,556,176 | $10M |
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Frequently asked questions
- When is the Apartment Investment & Management Co 2026 annual meeting?
- Apartment Investment & Management Co (AIV) holds its 2026 annual shareholder meeting on Wednesday, June 10, 2026.
- What is the record date for the Apartment Investment & Management Co 2026 meeting?
- The record date for the Apartment Investment & Management Co 2026 meeting is Wednesday, April 22, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Apartment Investment & Management Co's 2026 meeting?
- The board is presenting 9 director nominees at the Apartment Investment & Management Co 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Apartment Investment & Management Co 2026 meeting?
- Shareholders will vote on 4 proposals at the Apartment Investment & Management Co 2026 meeting, each tagged with who proposed it and the board's recommendation.
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