Post Claims Victory Over Williams

ATLANTA-Post Properties Inc. chairman Robert C. Goddard is declaring victory today in a $10 million proxy voting fight with former chairman John A. Williams who sought to regain control of the 32-year-old, locally based apartment developing company.

Although the tally is unofficial, Goddard told shareholders attending the company’s annual meeting at Post Riverside auditorium that its six directors seeking re-election have been re-elected by at least 65% of the votes cast.

“Today’s announcement clearly indicates that our shareholders believe that the current board and management is the right team to create value for shareholders,” Goddard says in a statement. “Toward that end, we are pleased to put this proxy contest behind us and to move forward with our program to enhance shareholder value.”