VineBrook Calls Off Shareholder Meeting Due to Lack of Quorum

Board member Dana Sprong also resigns as part of his separation agreement with the company.

July 28, 2025

Shareholder Meeting Canceled After Low Turnout

VineBrook Homes Trust, Inc. has called off its 2025 Annual Meeting of Stockholders after falling short of the required quorum—only 26.57% of eligible shares were represented. The meeting had already been pushed once, from June 10 to July 28, but without enough proxy votes in hand, the company opted to cancel.

Before the cancellation, early results were in. Shareholders who did vote showed broad support for the seven director nominees and for the ratification of KPMG LLP as the 2025 auditor. But with more than 73% of shares unrepresented, the company withdrew all proposals and ended the process.

Board Transition Finalized

Separately, Dana Sprong stepped down from the board and all other positions with the company and its affiliates. This move finalizes his transition out of VineBrook following the externalization of property management, which had already led to his termination as an officer. His resignation, executed July 22, was a condition of his severance agreement.

With Sprong’s exit, the board reduced its size to seven directors and removed his name from the nomination slate. The company issued a press release on July 25 confirming the meeting’s cancellation. No new meeting date has been announced.