American Assets Trust Files 8-K on Corporate Changes
Ticker: AAT · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1500217
| Field | Detail |
|---|---|
| Company | American Assets Trust, Inc. (AAT) |
| Form Type | 8-K |
| Filed Date | Jul 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, financial-reporting, officer-changes
Related Tickers: AAT
TL;DR
AAT filed an 8-K detailing director changes, officer appointments, and financial updates.
AI Summary
On July 30, 2024, American Assets Trust, Inc. filed an 8-K report detailing significant corporate events. The filing includes information on the company's results of operations and financial condition, the departure and election of directors, the appointment of officers, and compensatory arrangements for certain officers. It also covers Regulation FD disclosures and financial statements and exhibits.
Why It Matters
This filing provides crucial updates on the leadership and financial reporting of American Assets Trust, impacting investor understanding of the company's governance and operational status.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with financial condition updates, can signal shifts in company strategy or performance that warrant investor attention.
Key Players & Entities
- American Assets Trust, Inc. (company) — Registrant
- July 30, 2024 (date) — Filing date and earliest event reported
- Maryland (jurisdiction) — State of incorporation
- San Diego, California (location) — Principal executive offices
FAQ
What specific reasons were given for the departure of any directors or officers?
The filing indicates "Departure of Directors or Certain Officers" as an item, but the specific reasons for any departures are not detailed in the provided text.
Were there any new directors elected or officers appointed?
Yes, the filing lists "Election of Directors" and "Appointment of Certain Officers" as items covered in the report.
What is the exact date of the report and the earliest event reported?
The report is dated July 30, 2024, and this is also the date of the earliest event reported.
What is the company's principal business address?
The principal executive offices are located at 3420 Carmel Mountain Road, Suite 100, San Diego, California 92121.
What are the key items covered in this 8-K filing?
The key items include Results of Operations and Financial Condition, Departure/Election of Directors, Appointment of Officers, Compensatory Arrangements, Regulation FD Disclosure, and Financial Statements and Exhibits.
Filing Stats: 923 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2024-07-30 16:21:08
Key Financial Figures
- $0.01 — ets Trust, Inc. Common Stock, par value $0.01 per share AAT New York Stock Exchange
Filing Documents
- aat-20240730.htm (8-K) — 33KB
- a2q24earningsreleaseng.htm (EX-99.1) — 287KB
- a2q24supplementalng.htm (EX-99.2) — 2069KB
- aat-20240730_g1.jpg (GRAPHIC) — 24KB
- aat2019q3a17a.jpg (GRAPHIC) — 24KB
- chart-052a84ad0d2c436db83.jpg (GRAPHIC) — 53KB
- chart-5a89285909fe48fa881.jpg (GRAPHIC) — 38KB
- chart-daedd3ee67b641efb1fa.jpg (GRAPHIC) — 65KB
- image6.jpg (GRAPHIC) — 24KB
- supplementalmappicq42023.jpg (GRAPHIC) — 128KB
- supplementcoverq42019v2a01.jpg (GRAPHIC) — 112KB
- 0001500217-24-000043.txt ( ) — 3328KB
- aat-20240730.xsd (EX-101.SCH) — 2KB
- aat-20240730_lab.xml (EX-101.LAB) — 22KB
- aat-20240730_pre.xml (EX-101.PRE) — 13KB
- aat-20240730_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 30, 2024, American Assets Trust, Inc. (the "Company") issued a press release regarding its financial results for the quarter ending June 30, 2024. Also on July 30, 2024, the Company made available on the "Investors" page of its website at www.americanassetstrust.com certain supplemental information concerning the Company's financial results and operations for the quarter ending June 30, 2024. Copies of the press release and supplemental information are attached hereto as Exhibits 99.1 and 99.2, respectively. Exhibits 99.1 and 99.2, are being furnished pursuant to Item 2.02 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 25, 2024, Ernest S. Rady, Chairman of the Board of Directors (the "Board") and Chief Executive Officer of the Company, gave notice of his intention to transition from Chief Executive Officer to Executive Chairman effective as of January 1, 2025. In connection with Mr. Rady's transition to Executive Chairman, the Company and Mr. Rady anticipate entering into an amended and restated employment agreement. On July 25, 2024, the Board appointed Adam Wyll, the Company's President and Chief Operating Officer, to fill the role of Chief Executive Officer at the Company effective January 1, 2025. Mr. Wyll's position as President of the Company will remain unchanged. The full biography and other information with respect to Mr. Wyll required by Item 5.02(c) of Fo
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. As discussed in Item 2.02 above, the Company issued a press release regarding its financial results for the quarter ending June 30, 2024 and made available on its website certain supplemental information relating thereto. The information being furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: The following exhibits are filed herewith: 2 Exhibit Number Exhibit Description 99.1** Press release issued by American Assets Trust, Inc. on July 30, 2024. 99.2** American Assets Trust, Inc. Supplemental Information for the quarter ended June 3 0 , 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). _____________________ ** Furnished herewith 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. American Assets Trust, Inc. By: /s/ Robert F. Barton Robert F. Barton Executive Vice President, CFO July 30, 2024 4