Alexander's (ALX) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on May 22, 2025, to elect two directors and ratify the appointment of Deloitte & Touche LLP as the independent auditor for 2025.

• Stockholders as of March 24, 2025, are entitled to vote, with 5,107,290 shares outstanding.

• Interstate Properties and Vornado Realty Trust collectively own about 58% of shares and are expected to support all proposals.

• Proxy voting is available online, by phone, or by mail, and can be revoked or changed up to the meeting date.

Voting matters and shareholder proposals

• Two Class I directors are up for election to serve until 2028; both are current board members.

• Ratification of Deloitte & Touche LLP as independent auditor for 2025 is proposed.

• Stockholders may submit proposals or director nominations for the 2026 meeting between December 23, 2025, and January 22, 2026.

Board of directors and corporate governance

• The board has seven members divided into three classes, with staggered three-year terms.

• Six of seven directors are considered independent under NYSE standards.

• The company is a "controlled company" under NYSE rules and is exempt from some governance requirements.

• The board has Audit and Compensation Committees; the Executive Committee was eliminated as of January 1, 2025.

• The board values diversity of skills, experience, and backgrounds in director selection.

• The chairman and CEO roles are combined; the board believes this structure is appropriate.