Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 24

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 24
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. The Board considers stockholder feedback and endeavors to address matters discussed in the best interests of our company and our stockholders. Please refer to page 23 (Previous Year’s Say-on-Pay Votes) for changes that were made in response to our engagement with stockholders. 14

TABLE OF CONTENTS

PROPOSAL 2 RATIFICATION OF APPOINTMENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM The audit committee of our Board has appointed BDO USA, P.C. to serve as our independent registered public accounting firm for the year ending December 31, 2025, and our Board has directed that management submit the appointment of the independent registered public accounting firm for ratification by our stockholders at the Annual Meeting. BDO USA, P.C. has audited our financial statements since our inception in 2016. Representatives of BDO USA, P.C. are expected to be present at the Annual Meeting. Such representatives will have the opportunity to make a statement if they desire to do so and are expected to be available to respond to appropriate questions. Audit and Non-Audit Fees. The aggregate fees billed to us by BDO USA, P.C., our independent registered public accounting firm, for the indicated services for the years ended December 31, 2024 and 2023 were as follows (dollars in thousands):

| ​ | ​                  | ​ | ​ | 2024 | ​ | ​ | 2023 | ​ |
| ​ | Audit Fees(1)      | ​ | ​ | $864 | ​ | ​ | $729 | ​ |
| ​ | Audit Related Fees | ​ | ​ |    — | ​ | ​ |    — | ​ |
| ​ | Tax Fees           | ​ | ​ |    — | ​ | ​ |    — | ​ |
| ​ | All Other Fees     | ​ | ​ |    — | ​ | ​ |    — | ​ |
| ​ | Total              | ​ | ​ | $864 | ​ | ​ | $729 | ​ |

(1) Audit fees consist of fees for professional services performed by BDO USA, P.C. for the audits of our annual financial statements, reviews of our interim financial statements, services that are normally provided in connection with statutory and regulatory filings or engagements and professional services rendered for the audit of the effectiveness of internal control over financial reporting. For the year ended December 31, 2024, audit fees also include fees for professional services performed by BDO USA, P.C