Silver Star Shareholders Elect New Board Members
The vote signals a leadership transition at the real estate investment trust amid a broader strategic reset.
June 09, 2025
New Board Takes Shape Following Shareholder Consent
Silver Star Properties REIT, Inc. is moving forward with a new board composition after shareholders approved three director appointments in a closely watched vote. The outcome, finalized June 2, 2025, capped a months-long process that began with the company’s January 2024 consent solicitation.
The numbers were clear: 51.33% of all shares outstanding supported the change, and 81.48% of shares that participated in the vote gave their consent. That was enough to confirm Gerald W. Haddock, James Still, and Jack Tompkins as the newest members of the board.
This shift also meant the formal departure of Allen Hartman from the board—effective January 29, 2024. The company had acknowledged this earlier, but now the certified voting results from American Election Services, LLC have made it official.
Leadership Realignment Underway
With the vote in, Silver Star is resetting the direction of its leadership. Haddock will continue in his role as Chief Executive Officer and Chairman of the Executive Committee, anchoring the transition with consistency at the top.
This change comes at a critical time for the Houston-based REIT. Market conditions remain dynamic, and investor expectations around governance and performance are shifting just as fast. The new board has an opportunity to re-examine the company’s capital strategy, asset management approach, and operational goals—starting immediately.
The results were shared in a Form 8-K submitted to the SEC, but the company made clear that the information is being furnished, not filed—meaning it won’t automatically be included in other regulatory filings unless explicitly referenced. There’s no indication that this release is tied to new material investor information or disclosure obligations.
What Comes Next
Now that the board transition is in place, all eyes will be on the decisions that follow. Investors, advisors, and stakeholders will be watching closely to see how the leadership team applies its mandate—especially in a market where agility and clarity are essential.
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