Company: KBSR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001482430-25-000025
Chunk: 11

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 11
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 lending environment and the lack of transaction volume in the U.S. office market as well as general market instability, management’s plans may not be considered probable and thus do not alleviate substantial doubt about our ability to continue as a going concern for at least a year from March 14, 2025.

Stockholders may have to hold their shares an indefinite period of time. We are unable to predict when or if we will be in a position to pay distributions to our stockholders. See Part I, Item 1A in our Annual Report on Form 10-K filed with the SEC on March 14, 2025, as updated by our subsequent filings with the SEC, for a discussion of some of the risks and uncertainties, although not all risks and uncertainties, that could cause actual results to differ materially from those presented in our forward-looking statements.

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### CERTAIN INFORMATION ABOUT MANAGEMENT

#### The Board of Directors
We operate under the direction of the board of directors. The board of directors oversees our operations and makes all major decisions concerning our business. During 2024, the board of directors held 20 meetings, one of which was a joint meeting with the conflicts committee, acted by unanimous consent on 12 occasions and acted by joint unanimous consent on one occasion with the conflicts committee. During 2024, each director attended at least 75% of the meetings of our board. For biographical information regarding our directors, see “—Executive Officers and Directors.”

There are two committees of the board of directors: the audit committee and the conflicts committee. Information regarding each of these committees is set forth below.

#### Board Leadership Structure
The board of directors currently is composed of Mr. Schreiber, who indirectly controls our sponsor and our advisor and who is one of our executive officers; Mr. DeLuca, the Chief Executive Officer of our advisor; and three independent directors that meet the independence criteria as specified in our charter. We currently have five seats on our board of directors. Stockholders may not vote for a greater number of persons than the number of nominees named.

Unless otherwise specified, all references to independent directors in this proxy statement refer to compliance with the independent director criteria as specified in our charter, as set forth under “—Director Independence” below. Our charter provides that a majority of the seats on the board of directors will be for independent directors. The board composition and the corporate governance provisions in our charter ensure strong oversight by independent directors. The board of directors’ two committees, the