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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
____________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 9, 2024
____________________________________________

COPT DEFENSE PROPERTIES
(Exact name of registrant as specified in its charter)
Maryland 1-1402323-2947217
(State or other jurisdiction (Commission File(IRS Employer
of incorporation) Number)Identification No.)

6711 Columbia Gateway Drive, Suite 300, Columbia, MD
21046
(Address of principal executive offices)(Zip Code)
        
Registrant’s telephone number, including area code:  (443) 285-5400

____________________________________________

Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares of beneficial interest, $0.01 par valueCDPNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02.            Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

At the 2024 Annual Meeting of Shareholders held on May 9, 2024, the shareholders of COPT Defense Properties (the “Company”) approved an amendment to the Company's 2017 Omnibus Equity and Incentive Plan (the “Plan Amendment”) to increase the number of shares reserved for issuance thereunder by 3,500,000 shares. A description of the material terms of the Plan Amendment can be found in the Definitive Proxy Statement on Schedule 14A filed by the Company on March 28, 2024, as amended on April 5, 2024, in the section entitled “Proposal 3—Approval of an Amendment to our 2017 Omnibus Equity and Incentive Plan,” in the subsection entitled “Summary of the 2017 Plan,” and is incorporated by reference into this Form 8-K.

The foregoing summary is qualified in its entirety by reference to the Plan Amendment, which is filed as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

Item 5.07.             Submission of Matters to a Vote of Security Holders

On May 9, 2024, the Company held its 2024 Annual Meeting of Shareholders. At such meeting, the shareholders voted on proposals relating to:

•the election of nine trustees, each for a one-year term;
•an advisory vote to approve the compensation of the Company’s named executive officers as disclosed in its proxy statement filed on March 28, 2024;
•approval of the Plan Amendment; and
•the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the current fiscal year.

The voting results at the meeting were as follows:

Proposal 1: Election of Trustees
Name of NomineeShares ForShares AgainstShares WithheldBroker Non-Votes
Robert L. Denton, Sr.94,927,207 6,665,896 63,319 3,074,898 
Thomas F. Brady96,104,393 5,488,710 63,319 3,074,898 
Stephen E. Budorick100,713,917 878,757 63,748 3,074,898 
Philip L. Hawkins100,149,703 1,443,400 63,319 3,074,898 
Letitia A. Long99,748,894 1,860,432 47,096 3,074,898 
Essye B. Miller100,468,067 1,143,427 44,928 3,074,898 
Raymond L. Owens100,855,116 756,580 44,726 3,074,898 
C. Taylor Pickett99,853,230 1,739,403 63,789 3,074,898 
Lisa G. Trimberger100,300,085 1,311,709 44,628 3,074,898 
Votes CastBroker Non-Votes
ForAgainstAbstain
Proposal 2: Advisory Vote to Approve Compensation of Named Executive Officers 98,471,427 3,125,440 59,555 3,074,898 
Votes CastBroker Non-Votes
ForAgainstAbstain
Proposal 3: Approval of an Amendment to the Company's 2017 Omnibus Equity and Incentive Plan to Increase the Number of Shares Reserved for Issuance thereunder by 3,500,000 Shares95,887,499 5,695,266 73,657 3,074,898 
Votes CastBroker Non-Votes
ForAgainstAbstain
Proposal 4: Ratification of the Appointment of PricewaterhouseCoopers LLP as Independent Registered Public Accounting Firm for the Current Fiscal Year98,979,403 5,707,404 44,513 N/A



Item 9.01.             Financial Statements and Exhibits

(d)     Exhibits.

Exhibit Number Exhibit Title
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 COPT DEFENSE PROPERTIES
/s/ Anthony Mifsud
 Anthony Mifsud
 Executive Vice President and Chief Financial Officer
Date:May 14, 2024




Exhibit 99.1

SECOND AMENDMENT TO COPT DEFENSE PROPERTIES 2017 OMNIBUS EQUITY AND INCENTIVE PLAN

The Corporate Office Properties Trust 2017 Omnibus Equity and Incentive Plan, as amended by the First Amendment thereto dated November 29, 2018 (the “Plan”) is hereby amended as set forth below (the “Second Amendment”) effective as of the date on which this Second Amendment is approved by the shareholders of COPT Defense Properties (the “Effective Date”). Unless otherwise defined herein, capitalized terms used in this Amendment shall have the meaning given to them in the Plan.

1.The first sentence of Section 3(a) of the Plan is hereby deleted and replaced in its entirety with the following:

The maximum number of Shares reserved and available for issuance under the Plan shall be 6,900,000 Shares, subject to adjustment as provided in Section 3(b).

2.Except as amended by the Second Amendment, the terms of the Plan remain unchanged and in full force and effect.

The Board of Trustees of COPT Defense Properties (formerly known as Corporate Office Properties Trust, the “Company”) duly adopted a resolution approving the Second Amendment as set forth above subject to approval by the Company’s shareholders at the Company’s 2024 Annual Meeting of Shareholders to be held on May 9, 2024.


COPT Defense Properties
/s/ Stephen E. Budorick
Stephen E. Budorick
President & Chief Executive Officer


v3.24.1.1.u2
Cover Page
May 11, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date May 09, 2024
Entity Registrant Name COPT DEFENSE PROPERTIES
Entity Incorporation, State or Country Code MD
Entity File Number 1-14023
Entity Tax Identification Number 23-2947217
Entity Address, Address Line One 6711 Columbia Gateway Drive
Entity Address, Address Line Two Suite 300
Entity Address, City or Town Columbia
Entity Address, State or Province MD
Entity Address, Postal Zip Code 21046
City Area Code 443
Local Phone Number 285-5400
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Shares of beneficial interest, $0.01 par value
Trading Symbol CDP
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000860546
Amendment Flag false
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