Elme Communities (ELME) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 29, 2025, to be held virtually, with shareholders able to vote and submit questions online.

• Shareholders will vote on the election of eight trustees, an advisory say-on-pay vote for executive compensation, and ratification of Ernst & Young LLP as the independent auditor for 2025.

• The Board recommends voting in favor of all proposals and emphasizes the importance of shareholder participation.

Voting matters and shareholder proposals

• Proposal 1: Election of eight trustees for a one-year term; majority of votes cast required for election.

• Proposal 2: Advisory vote on executive compensation (say-on-pay); majority of votes cast required for approval.

• Proposal 3: Ratification of Ernst & Young LLP as independent auditor for 2025; majority of votes cast required.

• Shareholders may submit proposals for the 2026 annual meeting by December 18, 2025.

Board of directors and corporate governance

• Board consists of eight trustees, with 88% independent, and a focus on diversity (43% female, 57% female and/or minority among independents).

• Recent cooperation agreement with Argosy-Lionbridge Real Estate Securities led to the appointment of a new trustee.

• Board leadership structure includes a non-independent Chairman/CEO and a Lead Independent Trustee.

• All Board committees (Audit, Compensation, Corporate Governance/Nominating) are fully independent.

• Trustees are subject to share ownership requirements and annual evaluations.