Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 16

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 16
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a quarterly basis, we and BDO USA, LLC report to our Board of Trustees or the Audit and Cyber Risk Committee on information technology
matters. On a periodic basis, our Audit and Cyber Risk Committee commissions an internal audit or assessment of our cybersecurity practices
and receives a report from our internal auditor on our cybersecurity risks. In addition, our management participates in annual tabletop
exercises and simulations as part of our business continuity, incident response and disaster recovery planning.

Please
see our Annual Report on Form 10-K for the year ended December 31, 2024, for more information on our processes and procedures for addressing
and managing cybersecurity risks.

Shareholder Nominations

Our
Board of Trustees believes that the Nominating and ESG Committee is qualified and in the best position to identify, review, evaluate
and select qualified candidates for membership on our Board of Trustees based on the criteria described in the next paragraph. The
Nominating and ESG Committee intends to consider nominees recommended by shareholders, but only if the submission of a
recommendation includes a current resume and curriculum vitae of the candidate, a statement describing the candidate’s
qualifications, contact information for personal and professional references, the name and address of the shareholder who is
submitting the candidate for nomination, the number of shares which are owned of record or beneficially by the submitting
shareholder and a description of all arrangements or understandings between the submitting shareholder and the candidate for
nomination. Submissions should be made to: LXP Industrial Trust, 515 N. Flagler Drive, Suite 408, West Palm Beach, FL 33401,
Attention: Secretary. The Nominating and ESG Committee’s consideration process includes completion of a standard
questionnaire, a background check and interviews with the Nominating and ESG Committee and other members of the Board of Trustees.
The Nominating and ESG Committee has no obligation to recommend such candidates for nomination.

In recommending
candidates for membership on our Board of Trustees, the Nominating and ESG Committee’s assessment includes consideration of issues
of individual trustee judgment, expertise, and experience. The Nominating and ESG Committee also considers whether the Board of Trustees
as a group provides for a diverse range of viewpoints, professional experience, education, skill, and other individual qualities and attributes
that contribute to board heterogeneity. The Nominating and ESG Committee also considers other relevant factors as it deems appropriate.
Generally, qualified candidates for board membership should