First Industrial Re-elects Directors with 93% Support and Declares $0.50 Dividend
FR•Shareholders re-elected all six incumbent directors with over 93% support and approved Frank Schmitz’s June 1 appointment, expanding the board to seven members. The board declared a $0.50 per-share dividend for the quarter ending June 30, payable July 20 to shareholders of record on June 30.
1. Board Re-Election Results
At the 2026 annual meeting, shareholders re-elected all six incumbent directors—Peter E. Baccile, Teresa Bryce Bazemore, Matthew S. Dominski, H. Patrick Hackett Jr., Denise A. Olsen and Marcus L. Smith—each securing over 93% of votes cast.
2. Board Expansion
Frank E. Schmitz will join the board as an independent director on June 1, expanding First Industrial’s board to seven members, six of whom are independent, to oversee strategy execution and growth initiatives.
3. Quarterly Dividend Declaration
The board declared a common stock dividend of $0.50 per share for Q2 2026, payable July 20 to shareholders of record on June 30, reflecting the company’s commitment to returning capital.
