American Assets Trust Announces Board and Compensation Changes
Ticker: AAT · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1500217
| Field | Detail |
|---|---|
| Company | American Assets Trust, Inc. (AAT) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $600,000, $750,000, $800,000, $1,600,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
Board shakeup and pay adjustments at American Assets Trust.
AI Summary
American Assets Trust, Inc. announced on December 4, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to certain officers' compensatory arrangements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- American Assets Trust, Inc. (company) — Registrant
- Maryland (jurisdiction) — State of incorporation
- San Diego, California (location) — Principal executive offices
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not provided in this excerpt.
Was a new director elected?
Yes, the filing states the election of a new director.
What is the company's principal executive office address?
The principal executive offices are located at 3420 Carmel Mountain Road, Suite 100, San Diego, California 92121.
What is the exact date of the earliest event reported?
The earliest event reported is dated December 4, 2024.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number is 27-3338708.
Filing Stats: 1,109 words · 4 min read · ~4 pages · Grade level 11.8 · Accepted 2024-12-05 09:05:48
Key Financial Figures
- $0.01 — ets Trust, Inc. Common Stock, par value $0.01 per share AAT New York Stock Exchange
- $600,000 — l will receive an annual base salary of $600,000 and $750,000, respectively, which is su
- $750,000 — e an annual base salary of $600,000 and $750,000, respectively, which is subject to incr
- $800,000 — al equity awards with a target value of $800,000 and $1,600,000, respectively. In additi
- $1,600,000 — rds with a target value of $800,000 and $1,600,000, respectively. In addition, the executi
Filing Documents
- aat-20241204.htm (8-K) — 30KB
- aat-20241204_g1.jpg (GRAPHIC) — 33KB
- 0001500217-24-000070.txt ( ) — 273KB
- aat-20241204.xsd (EX-101.SCH) — 2KB
- aat-20241204_def.xml (EX-101.DEF) — 15KB
- aat-20241204_lab.xml (EX-101.LAB) — 26KB
- aat-20241204_pre.xml (EX-101.PRE) — 15KB
- aat-20241204_htm.xml (XML) — 3KB
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 and Chief Financial Officer December 5, 2024 4 EXHIBIT INDEX Exhibit Number Exhibit Description 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). _____________________ 5