Company: LANDO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001193125-25-059811
Chunk: 8

Company: GLADSTONE LAND Corp
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 8
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 A quorum of stockholders is necessary to hold a valid meeting of stockholders. A quorum will be present if at least a majority of the outstanding voting shares are represented by stockholders present at the meeting or by proxy. On the record date, there were 36,184,658 shares outstanding and entitled to vote. Thus, 18,092,330 shares must be represented by stockholders present at the meeting or by proxy to have a quorum. 4

Your shares will be counted towards the quorum only if you submit a valid proxy (or one is
submitted on your behalf by your Brokerage Firm) or if you vote virtually during the meeting. “WITHHOLD” votes, abstentions and broker non-votes will be counted towards the quorum requirement.
If there is no quorum, the holders of a majority of the voting shares present at the meeting in person or represented by proxy may adjourn the meeting to another date.

How are votes counted?

Votes will be
counted by the inspectors of election appointed for the meeting, who will separately count: (i) “FOR” and “WITHHOLD” votes and broker non-votes for Proposal 1 (election
of directors) and (ii) “FOR,” “AGAINST” and “ABSTAIN” votes with respect to Proposal 2 (ratification of the appointment of PwC). “WITHHOLD” votes, abstentions and broker non-votes will have no effect with regard to Proposals 1 and 2, although they will be considered present for purposes of determining the presence of a quorum. Our chief financial officer, Lewis Parrish, and general
counsel and secretary, Michael LiCalsi, have been appointed as the inspectors of election.

What are “broker non-votes”?

Broker non-votes occur when a
beneficial owner of shares held in “street name” does not give instructions to the Brokerage Firm holding the shares as to how to vote on matters deemed “non-routine.” Generally, if shares
are held in street name, the beneficial owner of the shares is entitled to give voting instructions to the Brokerage Firm holding the shares. If the beneficial owner does not provide voting instructions, the Brokerage Firm can still vote the shares
with respect to matters that are considered to be “routine,” but not with respect to “non-routine” matters.

Under the rules of the New York Stock Exchange that are applicable to the Nasdaq Stock Market (“Nas