Ventas in its response to activism and a proxy contest by Land & Buildings, achieving a full withdrawal of Land & Buildings’ director nominations, including its founder Jonathan Litt
Ventas, Inc. confirmed that Land & Buildings Investment Management has withdrawn its nomination of proxy fight candidate Jonathan Litt, who Land & Buildings previously nominated to stand for election to the Ventas Board of Directors in connection with the Company’s 2022 Annual Meeting of Stockholders, which is scheduled to be held virtually on April 27, 2022. Land & Buildings previously withdrew its other proxy contest nominee, Michelle Applebaum, in March 2022. Institutional Shareholder Services and Glass, Lewis & Co., LLC had recommended that Ventas stockholders vote for all eleven director nominees recommended by the Ventas Board of Directors. Wachtell, Lipton, Rosen & Katz served as legal advisor to Ventas.