First Industrial Realty Trust Reports Director Changes & Compensation Updates
Ticker: FR · Form: 8-K · Filed: May 1, 2024 · CIK: 921825
| Field | Detail |
|---|---|
| Company | First Industrial Realty Trust Inc (FR) |
| Form Type | 8-K |
| Filed Date | May 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
Board shakeup and pay plan tweaks at First Industrial Realty Trust.
AI Summary
On May 1, 2024, First Industrial Realty Trust Inc. filed an 8-K to report changes in its board of directors and executive compensation arrangements. The filing details the election of new directors and updates to the compensatory plans for its officers, reflecting adjustments in corporate governance and incentive structures.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial priorities, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- First Industrial Realty Trust Inc. (company) — Filer of the 8-K
- First Industrial LP (company) — Related entity
- May 1, 2024 (date) — Filing date
FAQ
Who were the specific individuals elected or departing from the board of directors?
The filing indicates changes in directors and officers but does not name the specific individuals involved in the departure or election in the provided text.
What are the key details of the updated compensatory arrangements for certain officers?
The filing mentions updates to compensatory arrangements but does not provide specific details on the nature or terms of these changes in the provided text.
Were there any shareholder votes or proposals discussed in this 8-K filing?
Yes, the filing lists 'Submission of Matters to a Vote of Security Holders' as an item of information, indicating that such matters were addressed.
What is the primary business of First Industrial Realty Trust Inc.?
First Industrial Realty Trust Inc. is identified as a Real Estate Investment Trust (SIC code 6798).
Where is First Industrial Realty Trust Inc. headquartered?
The company's business and mailing address is listed as 1 North Wacker Drive, Suite 4200, Chicago, IL 60606.
Filing Stats: 1,069 words · 4 min read · ~4 pages · Grade level 9.2 · Accepted 2024-05-01 15:10:28
Filing Documents
- fr-20240501.htm (8-K) — 47KB
- fr-20240501xex101.htm (EX-10.1) — 181KB
- image_0.jpg (GRAPHIC) — 16KB
- 0000921825-24-000053.txt ( ) — 444KB
- fr-20240501.xsd (EX-101.SCH) — 3KB
- fr-20240501_def.xml (EX-101.DEF) — 14KB
- fr-20240501_lab.xml (EX-101.LAB) — 26KB
- fr-20240501_pre.xml (EX-101.PRE) — 15KB
- fr-20240501_htm.xml (XML) — 5KB
07: Submission of Matters to vote of Security Holders
Item 5.07: Submission of Matters to vote of Security Holders. The Annual Meeting was held on April 30, 2024. Of the 132,340,679 shares of common stock outstanding and entitled to vote on the March 7, 2024 record date for the Annual Meeting, a total of 117,020,716 shares of common stock were represented in person or by proxy. Results of votes with respect to proposals submitted at the Annual Meeting are as follows: a. To elect the seven directors listed below to the Board of Directors to serve until the 2025 annual meeting of stockholders and until their successors are duly elected and qualified. The Company's stockholders voted to elect the seven nominees to serve as directors. Votes recorded, by nominee, were as follows: NOMINEE For Against Abstain Peter E. Baccile 107,919,296 2,100,817 97,578 Teresa B. Bazemore 107,138,566 2,890,875 88,250 Matthew S. Dominski 103,961,642 6,058,969 97,080 H. Patrick Hackett, Jr. 105,346,237 4,674,944 96,510 Denise A. Olsen 105,311,017 4,718,797 87,877 John E. Rau 92,158,948 17,861,932 96,811 Marcus L. Smith 105,274,375 4,753,525 89,791 There were 6,903,025 broker non-votes with respect to each nominee. b. To approve the Company's 2024 Stock Incentive Plan. The Company's stockholders voted to approve this proposal with 104,309,656 votes "For" and 5,760,283 votes "Against". There were 47,752 abstentions and 6,903,025 broker non-votes with respect to such proposal. c. To approve, on an advisory (i.e. non-binding) basis, the compensation of the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting. The Company's stockholders voted to approve this proposal with 104,440,684 votes "For" and 5,513,869 votes "Against". There were 163,138 abstentions and 6,903,025 broker non-votes with respect to such proposal. d. To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. The Compan
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following are filed herewith: Exhibit No. Description 10.1* 2024 Stock Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith
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. FIRST INDUSTRIAL REALTY TRUST, INC. By: /s/ JENNIFER MATTHEWS RICE Jennifer Matthews Rice General Counsel Date: May 1, 2024 FIRST INDUSTRIAL, L.P. By: FIRST INDUSTRIAL REALTY TRUST, INC. its general partner By: /s/ JENNIFER MATTHEWS RICE Jennifer Matthews Rice General Counsel Date: May 1, 2024