ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On July 11, 2025, Pacific Oak Strategic Opportunity REIT, Inc. (the “Company”) held its annual meeting of stockholders, virtually via webcast. At the annual meeting, the Company’s stockholders voted in person or by proxy on the following proposals;
(1) To elect five directors to hold office for one-year terms expiring in 2026,
(2) To ratify the appointment of Ernst & Young LLP (“E&Y”) as the Company’s independent registered public accounting firm for the year ending December 31, 2025.
(3) To approve three proposals to amend the Company's charter:
A.Eliminate certain provisions of the charter that had previously been required by state securities administrators in connection with the Company’s initial public offering or that relate to such required provisions.
B.Add language to specify that the charter provision regarding the requirements of tender offers will only apply until the Company lists its shares on a national securities exchange.
C.Add a provision that enables the Company to declare and pay a dividend of one class of its stock to the holders of shares of another class of stock.
(4) To permit the chairman of the annual meeting to adjourn the annual meeting, if necessary, to solicit additional proxies in favor of the foregoing proposals to amend the charter if there are not sufficient votes for the proposals.
Proposal No. 1: Election of Directors
All of the director nominees were elected. The number of votes for, against, abstentions and broker non-votes were as follows:
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| Name | | Votes For | | Votes Against | | Votes Abstained | | Broker Non-Votes |
| Keith D. Hall | | 26,859,775 | | | | 1,593,604 | | | | 872,795 | | | | 20,102,525 | | |
| Peter McMillan III | | 26,826,962 | | | | 1,638,711 | | | | 860,501 | | | | 20,102,525 | | |
| William M. Petak | | 26,892,177 | | | | 1,566,963 | | | | 867,034 | | | | 20,102,525 | | |
| Laurent Degryse | | 26,879,003 | | | | 1,578,568 | | | | 868,603 | | | | 20,102,525 | | |
| Kenneth G. Yee | | 26,905,746 | | | | 1,572,788 | | | | 847,640 | | | | 20,102,525 | | |
The voting was closed on Proposal No. 1.
Proposal No. 2: The ratification of the appointment of E&Y
The appointment of E&Y was ratified. The results of the vote on the ratification of the appointment of E&Y as the Company’s independent registered public accounting firm for the year ending December 31, 2025 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Votes For | | Votes Against | | Votes Abstained | | Broker Non-Votes |
| Ratification of E&Y Appointment | | 51,861,604 | | | | 633,913 | | | | 338,145 | | | | N/A | |
The voting was closed on Proposal No. 2.
Proposal No. 3: Approval of amendments to the Company's charter
Because each of Proposal Nos. 3.A, 3.B and 3.C to amend the Company’s charter required the affirmative vote of the holders of at least a majority of the Company’s outstanding shares of common stock entitled to vote thereon in order to pass, and sufficient votes to meet this threshold were not received, each of Proposal Nos. 3.A, 3.B and 3.C to amend the Company’s charter did not pass. The Company elected not to adjourn the meeting to a later date to solicit additional votes in favor of Proposal Nos. 3.A, 3.B and 3.C, although Proposal No. 4 was passed. The results of the vote were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Votes For | | Votes Against | | Votes Abstained | | Broker Non-Votes |
| Proposal 3.A | | 30,125,280 | | | | 1,575,072 | | | | 1,030,785 | | | | 20,102,525 | | |
| Proposal 3.B | | 30,335,685 | | | | 1,381,794 | | | | 1,013,658 | | | | 20,102,525 | | |
| Proposal 3.C | | 29,429,902 | | | | 2,220,034 | | | | 1,081,201 | | | | 20,102,525 | | |
The voting was closed on Proposal Nos. 3.A, 3.B and 3.C.
Proposal No. 4: Approval for the chairman to adjourn the annual meeting
The proposal to permit the chairman of the annual meeting to adjourn the annual meeting, if necessary, to solicit additional proxies in favor of the foregoing proposals to amend the Company’s charter if there are not sufficient votes for the proposals was passed. The results of the vote were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Votes For | | Votes Against | | Votes Abstained | | Broker Non-Votes |
| Permission to Adjourn Meeting | | 50,324,845 | | | | 1,679,717 | | | | 829,100 | | | | N/A | |
The voting was closed on Proposal No. 4.