Hospitality Properties Trust, a Newton-based REIT, said its 2012 equity compensation plan was approved with 93 percent of all shares voted, during its annual meeting Wednesday.

Shareholders also approved a nonbinding advisory resolution approving the compensation paid to the company’s executive officers.

Shareholders did not approve a non-binding proposal by the California Public Employee Pension Plan that HPT require all trustees stand for election each year.

Current HPT equity compensation plans are set to expire in May 2013. Without the approval of the 2012 plan, the trust would "no longer have an equity compensation plan to enable us to accomplish our compensation objectives," HPT explained in a regulatory filing in advance of the meeting.

The new plan also allows HPT to issue up to 3 million shares, rather than the current 2.5 million.