Land & Buildings says ISS recommends NHI stockholders vote for director nominees

Land & Buildings Investment Management, a significant stockholder of National Health Investors (NHI), announced that a independent proxy advisory firm, Institutional Shareholder Services, has joined Glass, Lewis & Co., in recommending that stockholders vote “FOR” the election of Land & Buildings’ independent nominees – Jim Hoffmann and Adam Troso – to the Company’s Board of Directors at the 2025 Annual Meeting of Stockholders, scheduled for May 21, 2025. In its report, ISS supported Land & Buildings’ case for change, stating: “Overall, the board’s approach to corporate governance has been remarkably reactive and defensive. Many of the board’s governance-related actions took place under Jobe’s tenure as nominating/governance committee chair, a decade-plus period that ended in April 2024…it is unlikely that the profitability of its (National Healthcare Corp. relationship or the quality of NHI’s own board governance will improve without reducing the ties between board members and NHC. The dissident has made a case for change.”