Equity LifeStyle Properties Annual Meeting: Shareholders Approve Directors, EY and Pay Vote

Key Points

• All proposals were approved: shareholders elected nine directors to serve through 2027, ratified Ernst & Young as the company’s auditor, and passed the non‑binding advisory vote on executive compensation.
• Proxies represented 182,835,488 shares — or 94.28% of the 193,927,571 shares outstanding as of the Feb. 13, 2026 record date — and a quorum was declared for the meeting.
• CEO Marguerite Nader said 2025 was “a great year” and ELS is reporting strong 2026 results, emphasizing the portfolio’s focus on highly desirable retirement and vacation markets with outsized population growth.

Equity LifeStyle Properties NYSE: ELS held its annual meeting of stockholders in a virtual format, outlining standard corporate business items and reporting that all proposals presented to investors were approved.

CEO highlights performance and market positioning

Marguerite Nader, Vice Chairman and Chief Executive Officer, opened the meeting by welcoming stockholders and commenting on recent performance. “2025 was a great year for ELS, and we continue to report impressive results in 2026,” Nader said.

Nader also described the company’s portfolio positioning, noting that its properties are located in “highly desirable retirement and vacation markets” that “continue to show outsized population growth.” She added that team members remain focused on customer service and said their efforts are appreciated.

Nader noted that the annual meeting was being conducted according to an agenda and rules of conduct posted online and that questions would be addressed during vote tabulation in accordance with those rules.

Notice, record date, and quorum details

During the meeting, the company presented proof of mailing for the notice and proxy materials and reported participation levels based on proxies received. According to the meeting disclosures, a notice of the annual meeting and related proxy statement were sent beginning March 19, 2026, to stockholders of record as of Feb. 13, 2026, the record date.

The company reported that 193,927,571 shares of common stock were issued, outstanding, and entitled to vote as of the record date, with each share entitled to one vote per proposal. Valid proxies were received from holders of 182,835,488 shares, representing 94.28% of shares outstanding, according to the meeting report. The proxies designated Nader and Thomas Heneghan to vote the shares represented.

Nader said she had been informed that holders of more than a majority of shares outstanding and entitled to vote were present or represented by proxy and declared a quorum present, officially calling the meeting to order.

Three proposals presented to stockholders

Nader stated there were three items of business at the meeting, consistent with the company’s proxy statement:

• Election of nine directors to serve until the 2027 annual meeting of stockholders.
• Ratification of Ernst & Young as the company’s independent public accounting firm for the year ended Dec. 31, 2026.
• A non-binding advisory vote on executive compensation for named executive officers, as disclosed in the proxy statement.

For the director election, Nader said the board nominated nine current directors: Andrew Berkenfield, Derrick Burks, Philip Calian, David Contis, Constance Freedman, Thomas Heneghan, Marguerite Nader, Radhika Papandreou, and Scott Peppet.

Nader moved to elect the nine nominees, ratify Ernst & Young, and approve executive compensation on an advisory basis. The motion was seconded.

Voting process, questions, and results

Nader said Jeanne Carr of MacKenzie Partners attended and served as inspector of elections. Stockholders who had not returned a proxy were given the opportunity to vote online, and those wishing to revoke a previously submitted proxy could also vote during the meeting.

The meeting then paused for a question-and-answer period limited to questions about the proposals. Nader stated that no questions were received.

After additional time was provided for voting, the polls were closed. The company then reported that all three proposals received the votes required for approval.

Meeting adjourned after approval of proposals

With the proposals approved and no further business raised, Nader moved to adjourn the meeting. The motion was seconded and carried, and Nader thanked participants for attending.

About Equity Lifestyle Properties NYSE: ELS

Equity Lifestyle Properties, Inc NYSE: ELS is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company's portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

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