Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 69

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 69
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 routine matters” and if you do not provide the brokerage
firm with voting instructions on these proposals, your shares will not be voted on these proposals and will be “broker non-votes.”

For purposes
of the election of trustees, a majority of votes cast means the number of shares voted “FOR” a nominee must exceed the number
of shares cast “AGAINST” with respect to a nominee. If a nominee that is already serving as a trustee is not elected, such
trustee is required to offer to tender their resignation to our Board of Trustees. The Nominating and ESG Committee will make a recommendation
to our Board of Trustees on whether to accept or reject the resignation, or whether other action should be taken. Our Board of Trustees
is required to act on the Nominating and ESG Committee’s recommendation and publicly disclose its decision and the rationale behind
it within 90 days from the date of the certification of the election results. The trustee who tenders their resignation will not participate
in our Board of Trustee’s decision.

For purposes
of the remaining proposals properly brought before the Annual Meeting other than the election of trustees, a majority of votes cast means
the number of shares voted “FOR” a proposal must exceed

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<div align='center'>the number of shares as to which the holders elected to vote “AGAINST” such proposal. The votes on (1) the advisory resolution to approve the compensation of our named executive officers, and (2) the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm, are non-binding and serve only as recommendations to the Board of Trustees and the Audit and Cyber Risk Committee, as applicable. What happens if I authorize my proxy without voting on all proposals? When you return a properly executed proxy card or authorize your proxy telephonically or by the Internet, the shares that the proxy card or authorization represents will be voted in accordance with your directions. If you return the signed proxy card with no direction on a proposal, other than in the case of broker non-votes, the shares represented by your proxy will be voted in favor of (FOR) each of our nominees for trustee in Proposal No. 1 and in favor of (FOR) Proposals No. 2, No. 3 and No. 4and will be voted in the discretion of the proxy holder on any other matter that properly comes before the Annual Meeting. What if I want to change my vote after I return my