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

Front Yard Residential Corporation, a Maryland corporation ("Front Yard" or the "Company"), held a virtual special meeting of stockholders (the "Special Meeting"), on January 6, 2021, via live webcast, whereby holders of an aggregate of 43,718,351 shares of Front Yard common stock, par value $0.01 per share (the "Shares" and each, a "Share"), which represent 74.41% of the Shares outstanding and entitled to vote as of the Special Meeting record date of December 7, 2020 (the "Record Date"), were represented at the meeting via the virtual meeting website or by proxy. A summary of the preliminary voting totals for the following proposals, each of which is described in detail in the Company's proxy statement dated December 8, 2020 and first mailed to the Company's stockholders on or about December 8, 2020, is set forth below:

Proposal No. 1: The Proposal to Approve the Merger.

As previously reported, on October 19, 2020, the Company entered into an Agreement and Plan of Merger, as amended by the First Amendment to Agreement and Plan of Merger, dated as of November 20, 2020, with Pretium Midway Holdco, LP, a Delaware limited partnership, and Midway AcquisitionCo REIT, a Maryland real estate investment trust.

At the Special Meeting, the Company's stockholders voted on and approved a proposal to approve the merger. The proposal was approved, having received "for" votes from holders of a majority of the outstanding Shares entitled to vote on such proposal. The preliminary voting results on this proposal were as follows:





   FOR       AGAINST   ABSTENTIONS
43,649,491   11,048      57,812

Proposal No. 2: The Non-Binding Compensation Advisory Proposal.

At the Special Meeting, the Company's stockholders voted on and approved a proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the merger. The non-binding compensation advisory proposal was approved, having received "for" votes from holders of a majority of the votes cast at the Special Meeting via the virtual meeting website or represented by proxy. The preliminary voting results on this proposal were as follows:





   FOR        AGAINST    ABSTENTIONS
34,585,263   8,967,821     165,267

Proposal No. 3: Authority to Adjourn the Special Meeting.

Because stockholders holding at least a majority of Shares outstanding and entitled to vote at the close of business on the Record Date approved the proposal to approve the merger, the vote was not called on the proposal to adjourn the Special Meeting to a later date or time if necessary or appropriate, including to solicit additional proxies in favor of the proposal to approve the merger if there had been insufficient votes at the time of the Special Meeting to approve the merger.




Item 8.01 Other Events.

With the approval of the merger proposal, the Company anticipates the closing of the merger to occur on January 11, 2021, subject to the satisfaction or waiver of the remaining conditions to closing.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses