Camden Property Trust Files 8-K on Executive Compensation and Governance
Ticker: CPT · Form: 8-K · Filed: Oct 1, 2024 · CIK: 906345
| Field | Detail |
|---|---|
| Company | Camden Property Trust (CPT) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, compensation, executive-appointments
Related Tickers: CPT
TL;DR
CPT filed an 8-K updating its equity incentive plan and officer appointments.
AI Summary
On October 1, 2024, Camden Property Trust (CPT) filed an 8-K report detailing changes in its executive compensation. Specifically, the filing addresses the adoption of a new Equity Incentive Plan and the appointment of new officers, including the election of new directors. These changes are part of the company's ongoing governance and compensation strategy.
Why It Matters
This filing provides insight into Camden Property Trust's executive compensation structure and board composition, which can influence investor confidence and future strategic decisions.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and compensation adjustments, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
- 001-12110 — SEC File Number (Identifies the company's filing history with the SEC.)
Key Players & Entities
- Camden Property Trust (company) — Registrant
- Texas (state) — State of Incorporation
- 11 Greenway Plaza, Suite 2400, Houston, Texas 77046 (address) — Principal Executive Offices
- 7133542500 (phone_number) — Business Phone
FAQ
What specific changes were made to the Equity Incentive Plan?
The filing indicates the adoption of a new Equity Incentive Plan, but the specific details of the changes are not elaborated upon in the provided text.
Who are the newly appointed officers?
The filing mentions the appointment of certain officers but does not list their names or specific roles in the provided text.
When was the reported event effective?
The date of the earliest event reported is October 1, 2024.
What is Camden Property Trust's primary business?
Camden Property Trust operates within the Real Estate Investment Trusts sector, as indicated by its SIC code [6798].
What is the company's state of incorporation?
Camden Property Trust is incorporated in Texas.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-10-01 16:36:39
Key Financial Figures
- $0.01 — hares of beneficial interest, par value $0.01 per share CPT New York Stock Exchange
Filing Documents
- cpt-20241001.htm (8-K) — 25KB
- separationandreleaseagreem.htm (EX-99.1) — 41KB
- 0000906345-24-000035.txt ( ) — 196KB
- cpt-20241001.xsd (EX-101.SCH) — 2KB
- cpt-20241001_lab.xml (EX-101.LAB) — 21KB
- cpt-20241001_pre.xml (EX-101.PRE) — 12KB
- cpt-20241001_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement The information contained in Item 5.02 below is incorporated herein by reference. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously announced, effective as of October 1, 2024, William W. Sengelmann retired as Executive Vice President - Real Estate Investments of Camden Property Trust (the "Company"). In connection with Mr. Sengelmann's retirement, the Company and Mr. Sengelmann entered into a Separation and Release Agreement, effective as of October 1, 2024, pursuant to which Mr. Sengelmann received various payments representing the anticipated value of previously accrued for amounts he would have been eligible to receive in February 2025 had he been an employee of the Company at such time.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Title 99.1 Separation and Release Agreement , effective as of October 1, 2024, between William W. Sengelmann and Camden Property Trust 104 Cover Page Interactive Data File (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. Date: October 1, 2024 CAMDEN PROPERTY TRUST By: /s/ Michael P. Gallagher Michael P. Gallagher Senior Vice President - Chief Accounting Officer