COPT Defense Properties Files Definitive Proxy Statement

Ticker: CDP · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 860546

Copt Defense Properties DEF 14A Filing Summary
FieldDetail
CompanyCopt Defense Properties (CDP)
Form TypeDEF 14A
Filed DateMar 28, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$190 million, $345 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance, COPT Defense Properties

TL;DR

<b>COPT Defense Properties has filed its definitive proxy statement for the fiscal year ending December 31, 2023.</b>

AI Summary

COPT DEFENSE PROPERTIES (CDP) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. COPT Defense Properties filed a DEF 14A on March 28, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 6711 Columbia Gateway Drive, Suite 300, Columbia, MD 21046. The company was formerly known as Corporate Office Properties Trust. The filing includes data related to equity awards and compensation for the years 2020-2023.

Why It Matters

For investors and stakeholders tracking COPT DEFENSE PROPERTIES, this filing contains several important signals. This filing is a routine requirement for publicly traded companies to provide shareholders with information regarding annual meetings, director elections, and executive compensation. Shareholders can review executive compensation details and vote on matters presented at the annual meeting, influencing corporate governance.

Risk Assessment

Risk Level: low — COPT DEFENSE PROPERTIES shows low risk based on this filing. The filing is a standard DEF 14A, indicating routine corporate governance and disclosure, with no immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and any proposals for shareholder vote to understand management's remuneration and strategic direction.

Key Numbers

  • 2024-03-28 — Filing Date (DEF 14A filing date)
  • 2024-05-09 — Period of Report (Conformed period of report)
  • 2023-12-31 — Fiscal Year End (Company fiscal year end)

Key Players & Entities

  • COPT Defense Properties (company) — Filer name
  • 6711 Columbia Gateway Drive, Suite 300, Columbia, MD 21046 (company) — Business address
  • Corporate Office Properties Trust (company) — Former company name

FAQ

When did COPT DEFENSE PROPERTIES file this DEF 14A?

COPT DEFENSE PROPERTIES filed this Proxy Statement (DEF 14A) with the SEC on March 28, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by COPT DEFENSE PROPERTIES (CDP).

Where can I read the original DEF 14A filing from COPT DEFENSE PROPERTIES?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by COPT DEFENSE PROPERTIES.

What are the key takeaways from COPT DEFENSE PROPERTIES's DEF 14A?

COPT DEFENSE PROPERTIES filed this DEF 14A on March 28, 2024. Key takeaways: COPT Defense Properties filed a DEF 14A on March 28, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 6711 Columbia Gateway Drive, Suite 300, Columbia, MD 21046..

Is COPT DEFENSE PROPERTIES a risky investment based on this filing?

Based on this DEF 14A, COPT DEFENSE PROPERTIES presents a relatively low-risk profile. The filing is a standard DEF 14A, indicating routine corporate governance and disclosure, with no immediate financial or operational red flags.

What should investors do after reading COPT DEFENSE PROPERTIES's DEF 14A?

Review the executive compensation details and any proposals for shareholder vote to understand management's remuneration and strategic direction. The overall sentiment from this filing is neutral.

How does COPT DEFENSE PROPERTIES compare to its industry peers?

COPT Defense Properties operates as a Real Estate Investment Trust (REIT) within the real estate sector, focusing on properties for defense and government contractors.

Are there regulatory concerns for COPT DEFENSE PROPERTIES?

As a publicly traded company, COPT Defense Properties is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings and disclosures.

Industry Context

COPT Defense Properties operates as a Real Estate Investment Trust (REIT) within the real estate sector, focusing on properties for defense and government contractors.

Regulatory Implications

As a publicly traded company, COPT Defense Properties is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings and disclosures.

What Investors Should Do

  1. Analyze the executive compensation structure and any proposed changes.
  2. Review director nominations and qualifications.
  3. Understand any shareholder proposals and the company's stance.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies regarding their annual meetings and executive compensation, not a direct comparison to a previous financial filing.

Filing Stats: 4,260 words · 17 min read · ~14 pages · Grade level 15 · Accepted 2024-03-28 15:09:44

Key Financial Figures

  • $190 million — feet under development at year end $190 million raised from sale of interests in prop
  • $345 million — from sale of interests in properties $345 million in debt issued at 5.25% Our 2023 bu

Filing Documents

From the Filing

cdp-20240326 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 COPT DEFENSE PROPERTIES (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Message from our President + Chief Executive Officer Dear Fellow Shareholders, You are cordially invited to attend our 2024 Annual Meeting of Shareholders to be held on May 9, 2024, at 9:30 a.m. Eastern Time. To ensure each of our shareholders have an opportunity to participate in the Annual Meeting regardless of where they live or the number of shares they own, we will hold this year's Annual Meeting virtually through an online webcast. You will be able to attend the Annual Meeting, vote and submit questions by visiting www.virtualshareholdermeeting.com/CDP2024. The notice of Annual Meeting and proxy statement accompanying this letter contain further information about the meeting, including the different methods you can use to vote your proxy and how to participate in the meeting. At this year's meeting, you will be asked to vote on the following: > election of nine people to our Board of Trustees; > approval, on an advisory basis, of the compensation of our named executive officers as disclosed in the proxy statement for this meeting; > approval of an amendment to our 2017 Omnibus Equity and Incentive Plan to increase the number of shares reserved for issuance thereunder by 3,500,000 shares; and > the ratification of PricewaterhouseCoopers LLP's appointment as our independent registered public accounting firm for the current fiscal year. We are using Securities and Exchange Commission rules that allow issuers to furnish proxy materials to their shareholders via the Internet. We believe that these rules allow us to provide our shareholders with the information they need, while lowering the costs of printing and delivery and reducing the environmental impact of our Annual Meeting. Thank you for your continued support of COPT Defense Properties, and I encourage you to participate in our Annual Meeting. Stephen E. Budorick President + Chief Executive Officer Notice of Annual Meeting of Stockholders TIME + DATE PLACE RECORD DATE 9:30 a.m. Eastern Time on Thursday, May 9, 2024 Virtual Meeting www.virtualshareholdermeeting.com/CDP2024 March 8, 2024 Items of Business Board Recommendation How to Vote 1 Elect nine Trustees. Internet www.proxyvote.com 2 Approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for this meeting. Tablet or Smartphone Scan the QR code on your proxy card, notice of internet availability of proxy materials or voting instruction form to vote with your mobile device. 3 Approve an amendment to our 2017 Omnibus Equity and Incentive Plan to increase the number of shares reserved for issuance thereunder by 3,500,000 shares. Telephone 1-800-690-6903 Call toll-free 24/7 4 Ratify the appointment of PricewaterhouseCoopers LLP ("PwC") as our independent registered public accounting firm for the current fiscal year. Mail Complete, sign and date your proxy card and return it in the postage-paid envelope provided. 5 Transact any other business properly brought before the Annual Meeting. You may vote on these proposals if you were a shareholder of record at the close of business on March 8, 2024. For information about how to attend and vote at the meeting, see "Questions and Answers—How do I attend the meeting and vote?" in the proxy statement accompanying this notice. Additional information regarding the ability of shareholders to ask questions during the 2024 Annual Meeting, related rules of conduct and other materials for the 2024 Annual Meeting will be available at www.virtualshareholdermeeting.com/CDP2024. Technical support will be available beginning at 9:00 a.m. Eastern Time on May 9, 2024, through the conclusion of the Annual Meeting by contacting Broadridge at the phone number that will be provided on the website for the virtual meeting. By order of the Board of Trustees, David L. Finch Vice President, General Counsel + Secretary YOUR VOTE IS IMPORTANT. Please consider the issues presented in this Proxy Statement and vote your shares as promptly as possible. Table of Contents Page Number Proxy Statement Summary

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