AVALONBAY Files 8-K on Officer/Director Changes, Compensation

TL;DR

**AVALONBAY filed a routine 8-K about executive changes and compensation.**

AI Summary

AVALONBAY COMMUNITIES INC filed an 8-K on January 29, 2024, primarily to report on the departure or election of directors or officers and their compensatory arrangements, as well as other events and financial statements. This filing indicates standard corporate governance updates, which are routine for publicly traded companies. For investors, this matters because changes in leadership or compensation structures can signal shifts in company strategy or financial health, though this specific filing appears to be a general notification without immediate red flags.

Why It Matters

This filing provides transparency into AVALONBAY COMMUNITIES INC's corporate governance, specifically regarding leadership changes and executive compensation, which are key factors in assessing a company's stability and future direction.

Risk Assessment

Risk Level: low — The filing appears to be a standard corporate governance update without specific details indicating new or elevated risks.

Analyst Insight

Investors should note this as a routine corporate update. While no specific details are provided in this summary, a smart investor would review the full 8-K document for specifics on any director or officer changes and their compensation to understand potential impacts on company strategy or stability.

Key Players & Entities

• AVALONBAY COMMUNITIES INC (company) — registrant filing the 8-K
• January 29, 2024 (date) — date of earliest event reported and filing date
• Maryland (company) — state of incorporation for AVALONBAY COMMUNITIES INC
• 4040 Wilson Blvd., Suite 1000 Arlington, Virginia 22203 (company) — address of principal executive offices for AVALONBAY COMMUNITIES INC

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share AVB New York Stock Exchan

Filing Documents

• tm243925d1_8k.htm (8-K) — 26KB
• tm243925d1_ex99-1.htm (EX-99.1) — 9KB
• tm243925d1_ex99-1img00.jpg (GRAPHIC) — 5KB
• 0001104659-24-007739.txt ( ) — 214KB
• avb-20240129.xsd (EX-101.SCH) — 3KB
• avb-20240129_lab.xml (EX-101.LAB) — 33KB
• avb-20240129_pre.xml (EX-101.PRE) — 22KB
• tm243925d1_8k_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2024, Keri A. Shea, Senior Vice President – Finance and Treasurer of AvalonBay Communities, Inc. (the "Company"), who is designated as the Company's principal accounting officer ("PAO"), informed the Company that she will be retiring from the Company effective January 1, 2025. Ms. Shea joined the Company in 2002 and has served as the designated PAO since 2009. As part of a transition plan, the Company, with the concurrence of its Audit Committee and Board of Directors, has determined that Sean T. Willson, currently Senior Vice President – Corporate Controller, will serve as the Company's designated PAO upon Ms. Shea's retirement. Mr. Willson, age 50, joined the Company in 2006 as Corporate Controller and was promoted to Vice President in 2013 and to Senior Vice President in 2023. Mr. Willson's experience prior to joining the Company includes roles at the Federal Home Loan Mortgage Corporation (Freddie Mac) and Arthur Andersen. Mr. Willson is a certified public accountant and CFA charter holder and has a B.S. in Business, majoring in Accounting from Virginia Polytechnic Institute and State University (Virginia Tech). There are no arrangements or understandings between Mr. Willson and any other persons pursuant to which Mr. Willson will be appointed as PAO. Mr. Willson does not have any family relationships subject to disclosure under Item 401(d) of Regulation S-K or any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

01

Item 8.01 Other Events. In addition to announcing the information contained in Item 5.02 of this report, on January 29, 2024 the Company announced certain other organizational changes pursuant to the press release attached as Exhibit 99.1 hereto.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of AvalonBay Communities, Inc. dated January 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. AVALONBAY COMMUNITIES, INC. Dated: January 29, 2024 By: /s/ Kevin P. O'Shea Kevin P. O'Shea Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR