First Industrial Realty Trust Announces Re-election of All Directors at Annual Shareholders Meeting

First Industrial Realty Trust Re-elected All Directors

On April 30, 2026, First Industrial Realty Trust, Inc. (NYSE: FR), a top-tier integrated owner, operator, and developer of logistics real estate, announced that during its recent Annual Meeting of Stockholders, shareholders overwhelmingly supported the re-election of all incumbent directors. Each director garnered over 93% of the votes cast, reflecting strong confidence in the current board's leadership and strategic direction.

The re-elected directors include Peter E. Baccile, Teresa Bryce Bazemore, Matthew S. Dominski, H. Patrick Hackett, Jr., Denise A. Olsen, and Marcus L. Smith. Additionally, the company is set to welcome Frank E. Schmitz as an independent director starting June 1, 2026, bringing the total number of board members to seven, with six being independent.

Strong Shareholder Support

The board expressed gratitude for the significant support shown by shareholders. They commented, "The Board continues to oversee the execution of our clear, consistent, value-driven strategy and long-term plan, which has delivered sustained value creation. Following a multi-year transformation, we have established a high-quality portfolio and a robust balance sheet, positioning First Industrial for continued growth and value generation."

This sentiment reflects a collective commitment to harnessing growth opportunities, as the company aims to capitalize on its existing portfolio and development pipeline while also considering select high-quality acquisitions.

Approval of Other Proposals

In conjunction with the director elections, shareholders also approved all other proposals presented at the meeting, with each proposal receiving over 95% support, in alignment with the recommendations provided by the Board and management. Detailed results will be disclosed in a Form 8-K filing with the Securities and Exchange Commission, ensuring transparency in the governance processes.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. is a premier owner, operator, developer, and acquirer of logistics properties across the United States. With a fully integrated operating and investment framework, the company delivers high-quality facilities and exemplary customer service to both multinational corporations and regional enterprises crucial to the supply chain dynamics. As of March 31, 2026, First Industrial owned and had under development approximately 71.6 million square feet of industrial space situated in 15 targeted Metropolitan Statistical Areas (MSAs).

For more information and future updates, interested parties are encouraged to visit First Industrial's website.

Looking Ahead

First Industrial remains optimistic about its trajectory moving forward. With robust backing from its shareholders, the company is poised to enhance its operational capacity and market presence, ensuring sustainable growth and value creation in the competitive logistics real estate sector. The Board welcomes Frank Schmitz aboard, confident in his ability to contribute meaningfully to First Industrial's continued success and shareholder satisfaction.

As these developments unfold, First Industrial’s leadership is dedicated to maintaining high standards of governance and operational excellence, leading to significant impacts on stakeholders across the board. The company’s strategic initiatives underscore its commitment to creating value while navigating the challenges and opportunities presented by the evolving logistics landscape.