CenterSpace Announces Director and Officer Changes
Ticker: CSR · Form: 8-K · Filed: Jul 9, 2024 · CIK: 798359
| Field | Detail |
|---|---|
| Company | Centerspace (CSR) |
| Form Type | 8-K |
| Filed Date | Jul 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, officer-appointment, director-election
TL;DR
CenterSpace swapped a director and brought in new CFO/COO. Big changes at the top.
AI Summary
CenterSpace announced on July 8, 2024, the departure of director John R. Funk and the election of new director Mark E. O'Donnell. The company also appointed new officers, including Scott W. M. Johnson as Chief Financial Officer and Treasurer, and Michael T. O'Neill as Chief Operating Officer. These changes are effective immediately.
Why It Matters
Changes in key leadership roles can signal shifts in company strategy or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring by investors.
Key Players & Entities
- CenterSpace (company) — Registrant
- John R. Funk (person) — Departing Director
- Mark E. O'Donnell (person) — Newly Elected Director
- Scott W. M. Johnson (person) — Appointed Chief Financial Officer and Treasurer
- Michael T. O'Neill (person) — Appointed Chief Operating Officer
- July 8, 2024 (date) — Effective date of changes
FAQ
Who has departed from CenterSpace's board of directors?
John R. Funk has departed from CenterSpace's board of directors.
Who has been elected as a new director for CenterSpace?
Mark E. O'Donnell has been elected as a new director for CenterSpace.
What are the new officer appointments at CenterSpace?
Scott W. M. Johnson has been appointed Chief Financial Officer and Treasurer, and Michael T. O'Neill has been appointed Chief Operating Officer.
When were these changes effective?
The changes were effective as of July 8, 2024.
What is CenterSpace's primary business?
CenterSpace is a Real Estate Investment Trust (REIT) as indicated by its Standard Industrial Classification code [6798].
Filing Stats: 674 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-07-09 09:14:57
Filing Documents
- csr-20240708.htm (8-K) — 28KB
- pressrelease-july92024.htm (EX-99.1) — 7KB
- logo2a.jpg (GRAPHIC) — 42KB
- 0000798359-24-000090.txt ( ) — 259KB
- csr-20240708.xsd (EX-101.SCH) — 2KB
- csr-20240708_def.xml (EX-101.DEF) — 16KB
- csr-20240708_lab.xml (EX-101.LAB) — 27KB
- csr-20240708_pre.xml (EX-101.PRE) — 16KB
- csr-20240708_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 9, 2024, the Company issued a press release announcing the matters described under Item 5.02 of this Current Report on Form 8-K. Pursuant to Item 7.01 of Form 8-K, a copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 and Item 9.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press Release, dated July 9, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are 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. Centerspace By /s/ Anne Olson Anne Olson Date: July 9, 2024 President and Chief Executive Officer