Company: VRE
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019837
Chunk: 19

Company: Veris Residential, Inc.
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 19
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 provisions relating to unsolicited takeovers which, among other things, would automatically
classify the corporation’s board of directors into three classes with staggered terms of three years each and vest in the board
of directors the exclusive right to determine the number of directors and the exclusive right by the affirmative vote of a majority of
the remaining directors, to fill vacancies on the board of directors even if the remaining directors do not constitute a quorum.

These statutory provisions also provide that any
director elected to fill a vacancy shall hold office for the remainder of the full term of the class of directors in which the vacancy
occurred, rather than the next annual meeting of stockholders as would otherwise be the case, and until his or her successor is elected
and qualified, and that the affirmative vote of at least two-thirds of all votes entitled to be cast by the stockholders generally in
the election of directors shall be required in order to remove a director. Finally, these statutory provisions provide that a special
meeting of stockholders need be called only upon the written request of stockholders entitled to cast at least a majority of the votes
entitled to be cast at the special meeting.

An election to be subject to any or all of the
foregoing statutory provisions may be made in the corporation’s charter or bylaws, or by resolution of its board of directors. Any
such statutory provision to which a corporation elects to be subject will apply even if other provisions of Maryland law or the corporation’s
charter or bylaws provide to the contrary.

Through provisions in our charter and bylaws unrelated
to the foregoing statutory provisions, (a) a two-thirds stockholder vote, as well as cause, is required to remove any director from our
board of directors and (b) unless called by our chief executive officer, our president and chief operating officer, or our board, the
written request of the holders of shares entitled to cast not less than a majority of the votes entitled to be cast at such meeting is
required to call a special meeting of stockholders. We have also elected in our bylaws to be subject to certain of the statutory provisions
described above so that, as stated above under “Board of Directors — Number; Vacancies”, our board of directors has
the exclusive right to determine the number of our directors and the exclusive right to fill vacancies on our board of directors, and
any director elected to fill a vacancy will hold office for the remainder of the full term of the class of directors in which the vacancy