Elme Communities Files 8-K on Director Changes and Compensation
Ticker: ELME · Form: 8-K · Filed: Jun 4, 2024 · CIK: 104894
| Field | Detail |
|---|---|
| Company | Elme Communities (ELME) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, director-changes
TL;DR
Elme Communities 8-K: Director shakeup, new exec pay, shareholder votes. Governance changes underway.
AI Summary
Elme Communities (formerly Washington Real Estate Investment Trust) filed an 8-K on May 30, 2024, reporting on the departure of directors, election of new directors, and compensatory arrangements. The filing also covers matters submitted to a vote of security holders and includes financial statements and exhibits. The company is incorporated in Maryland and its fiscal year ends on December 31.
Why It Matters
This filing provides crucial updates on the governance and executive compensation of Elme Communities, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing governance changes and is not indicative of immediate financial distress or significant operational risk.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- Elme Communities (company) — Registrant
- Washington Real Estate Investment Trust (company) — Former company name
- Maryland (company) — State of incorporation
FAQ
What specific changes were made regarding the departure and election of directors?
The filing indicates the departure of directors and the election of new directors, along with details on compensatory arrangements for certain officers, as reported under Item 5.02.
What matters were submitted to a vote of security holders?
The filing reports under Item 5.07 that matters were submitted to a vote of security holders, though specific details of these matters are not elaborated in the provided text.
What financial statements and exhibits are included with this filing?
The filing states under Item 9.01 that financial statements and exhibits are included, but the specific contents are not detailed in the provided header information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 30, 2024.
What is the principal executive office address for Elme Communities?
The principal executive office address for Elme Communities is 7550 Wisconsin Ave, Suite 900, Bethesda, MD 20814.
Filing Stats: 1,046 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-06-04 17:26:08
Key Financial Figures
- $0.01 — hares of beneficial interest, par value $0.01. The material terms and conditions of t
Filing Documents
- elme-20240530.htm (8-K) — 65KB
- elmecommunitiesamendedandr.htm (EX-10.1) — 316KB
- 0000104894-24-000062.txt ( ) — 557KB
- elme-20240530.xsd (EX-101.SCH) — 2KB
- elme-20240530_lab.xml (EX-101.LAB) — 22KB
- elme-20240530_pre.xml (EX-101.PRE) — 13KB
- elme-20240530_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. Election of Directors At the annual meeting held on May 30, 2024, Elme's shareholders elected Jennifer S. Banner as a trustee of the Board of Trustees (the "Board") to serve until Elme's 2025 annual meeting of shareholders and until her successor is elected and qualifies. Ms. Banner received the following votes: For Against Abstain Broker Non-Votes 72,111,769 937,345 52,630 7,397,560 Elme's shareholders also elected Benjamin S. Butcher as a trustee of the Board to serve until Elme's 2025 annual meeting of shareholders and until his successor is elected and qualifies. Mr. Butcher received the following votes: For Against Abstain Broker Non-Votes 72,555,217 484,986 61,541 7,397,560 Elme's shareholders also elected Susan Carras as a trustee of the Board to serve until Elme's 2025 annual meeting of shareholders and until her successor is elected and qualifies. Ms. Carras received the following votes: For Against Abstain Broker Non-Votes 72,511,718 535,435 54,591 7,397,560 Elme's shareholders also elected Ellen M. Goitia as a trustee of the Board to serve until Elme's 2025 annual meeting of shareholders and until her successor is elected and qualifies. Ms. Goitia received the following votes: For Against Abstain Broker Non-Votes 71,949,692 1,108,934 43,118 7,397,560 Elme's shareholders also elected Paul T. McDermott as a trustee of the Board to serve until Elme's 2025 annual meeting of shareholders and until his successor is elected and qualifies. Mr. McDermott received the following votes: For Against Abstain Broker Non-Votes 70,501,252 2,513,905 86,587 7,397,560 Elme's shareholders also elected Thomas H. Nolan, Jr. as a trustee of the Board to serve until Elme's 2025 annual meeting of shareholders and until his successor is elected and qualifies. Mr. Nolan received the following votes: For Against Abstain Broker Non-Votes 71,873,198 1,179,946 48,600 7,397,560 Elme's shareho
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d ) Exhibits : Exhibit No. Description 10.1 Elme Communities 2016 Omnibus Incentive Plan (as amended and restated effective as of May 30, 2024) 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. ELME COMMUNITIES (Registrant) By: /s/ W. Drew Hammond (Signature) W. Drew Hammond Senior Vice President and Chief Administrative Officer June 4, 2024 (Date)