Armada Hoffler Properties Names New Directors, Updates Exec Pay
Ticker: AHRT-PA · Form: 8-K · Filed: Nov 18, 2024 · CIK: 1569187
| Field | Detail |
|---|---|
| Company | Armada Hoffler Properties, Inc. (AHRT-PA) |
| Form Type | 8-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: AHH
TL;DR
New board members and updated exec pay at AHH - watch for governance changes.
AI Summary
Armada Hoffler Properties, Inc. announced on November 18, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Michael R. McMasters and Robert A. M. Gregerman, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Eric F. Smith, and Chief Financial Officer, Jason P. Muhlendorf, detailing their compensation and terms of employment.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Armada Hoffler Properties, Inc. (company) — Registrant
- Michael R. McMasters (person) — Newly elected director
- Robert A. M. Gregerman (person) — Newly elected director
- Eric F. Smith (person) — Chief Executive Officer
- Jason P. Muhlendorf (person) — Chief Financial Officer
- November 18, 2024 (date) — Date of report and earliest event
FAQ
Who were the new directors elected to the Armada Hoffler Properties, Inc. Board?
Michael R. McMasters and Robert A. M. Gregerman were elected as new directors.
When were the new directors elected?
The new directors were elected effective November 18, 2024.
What other significant events were reported on November 18, 2024?
Armada Hoffler Properties, Inc. also reported on compensatory arrangements for certain officers.
What is the state of incorporation for Armada Hoffler Properties, Inc.?
The company is incorporated in Maryland.
What is the IRS Employer Identification Number for Armada Hoffler Properties, Inc.?
The IRS Employer Identification Number is 46-1214914.
Filing Stats: 1,004 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2024-11-18 17:09:03
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share AHH New York Stock
Filing Documents
- ahh-20241118.htm (8-K) — 37KB
- ex991pressreleasedatedno.htm (EX-99.1) — 8KB
- ex991pressreleasedatedno001.jpg (GRAPHIC) — 227KB
- ex991pressreleasedatedno002.jpg (GRAPHIC) — 224KB
- ex991pressreleasedatedno003.jpg (GRAPHIC) — 75KB
- 0001569187-24-000164.txt ( ) — 940KB
- ahh-20241118.xsd (EX-101.SCH) — 2KB
- ahh-20241118_def.xml (EX-101.DEF) — 16KB
- ahh-20241118_lab.xml (EX-101.LAB) — 28KB
- ahh-20241118_pre.xml (EX-101.PRE) — 16KB
- ahh-20241118_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On November 18, 2024, the Company issued a press release announcing the resignation of Mr. Haddad effective December 31, 2024 and the appointment of Mr. Tibbetts effective January 1, 2025. A copy of the press release is attached hereto as Exhibit 99.1 to this report and is incorporated in this Item 7.01 by reference. The information contained in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed "filed" for 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, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 P ress R elease, dated November 18, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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. ARMADA HOFFLER PROPERTIES, INC. Date: November 18, 2024 By: /s/ Matthew Barnes-Smith Matthew Barnes-Smith Chief Financial Officer, Treasurer, and Corporate Secretary