Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 68

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 68
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Compensation of Executive Officers,” above. We expect to next seek a recommendation
on the frequency of such non-binding advisory votes at the 2029 Annual Meeting of Shareholders.

How many votes are required to act on the proposals?

Assuming
a quorum is present at the Annual Meeting, the affirmative vote of a majority of the votes cast by holders of common shares at the Annual
Meeting will be sufficient for (1) the election of each nominee for trustee named herein, (2) the adoption of the advisory, non-binding
resolution to approve the compensation of our named executive officers, (3) the proposal to approve an amendment to the LXP Industrial
Trust 2022 Equity-Based Award Plan to increase the number of shares available for issuance thereunder by 5,000,000 common shares; and
(4) the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal
year ending December 31, 2025.

If you
abstain or your shares are treated as broker non-votes, your abstention or broker non-votes will not be counted as a vote cast and will
have no effect on the result of the vote on (1) the election of trustees, (2) the resolution to approve, on an advisory, non-binding basis,
the compensation of our named executive officers, or (3) the proposal to approve an amendment to the LXP Industrial Trust 2022 Equity-Based
Award Plan to increase the number of shares available for issuance thereunder by 5,000,000 common shares. As noted above, the proposal
to ratify the appointment of Deloitte & Touche LLP as our independent auditors is generally considered a “routine” matter
for which brokerage firms may vote shares without receiving voting instructions, unless there is a contested matter being voted upon at
the Annual Meeting. Accordingly, there will be no broker non-votes regarding the ratification of the appointment of Deloitte & Touche
LLP as our independent registered public accounting firm and any abstentions by you or your broker will have no effect on the result of
the vote. The election of trustees, the advisory, non-binding resolution on the compensation of our named executive officers, and the
proposal to approve an amendment to the LXP Industrial Trust 2022 Equity-Based Award Plan to increase the number of shares available for
issuance thereunder by 5,000,000 common shares are considered “non-