Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 23

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 23
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 matters. Nominating and Corporate Governance Committee In 2024, the nominating and corporate governance committee was composed of Messrs. Kreitzer and Shoemaker and Ms. Curran, each of whom is an independent director under the rules of the NYSE. Mr. Shoemaker serves as chair of the nominating and corporate governance committee, which is responsible for: • seeking, considering and recommending to the full Board qualified candidates for election as directors and recommending a slate of nominees for election as directors at the annual meeting of stockholders; • periodically preparing and submitting to the Board for adoption the committee’s selection criteria for director nominees; • reviewing and interviewing qualified candidates to serve on the Board; • reviewing and making recommendations on matters involving general operation of the Board and our corporate governance; • recommending to the Board nominees for each committee of the Board; • overseeing succession planning for our executive management; • annually facilitating the assessment of the Board’s performance as a whole and of the individual directors and reports thereon to the Board; and • overseeing the Company’s environmental, social and governance initiatives. The nominating and corporate governance committee operates under a written charter adopted by the nominating and corporate governance committee and approved by the Board. The charter is available in the “Investors” section of our website ( www.innovativeindustrialproperties.com ). Stockholder Engagement We recognize that regular engagement with our stockholders is essential to understanding their priorities and ensuring best practices are maintained across our business. Through an open and ongoing dialogue with stockholders, we ensure that diverse perspectives are considered in our decision-making process. In 2024, we undertook significant stockholder outreach efforts specifically focused on executive compensation. We engaged in proactive and extensive outreach with our stockholders, including reaching out to stockholders representing approximately 60% of our total shares of common stock outstanding, and, for those interested in speaking to us, we held calls with stockholders representing 20% of the total shares outstanding. During our conversations with stockholders, we discussed various topics, including executive compensation and Board composition and structure. In addition to internal management engaging with stockholders, our Board, including Mr. Stecher, a member of the compensation committee, participated in specific calls, which provided stockholders with direct access to the Board. We report the details of our communications with stockholders to our nominating and corporate governance committee, compensation committee, and Board, as applicable. This dialogue allows our directors to hear what is most important to our stockholders and share perspectives on our compensation and governance processes