First Industrial Realty Trust Files 8-K on Leadership Changes
Ticker: FR · Form: 8-K · Filed: Nov 15, 2024 · CIK: 921825
| Field | Detail |
|---|---|
| Company | First Industrial Realty Trust Inc (FR) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $935,000, $4,440,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, governance
Related Tickers: FR
TL;DR
FIRST INDUSTRIAL REALTY TRUST (FR) files 8-K: board shakeup and exec comp changes announced.
AI Summary
On November 15, 2024, First Industrial Realty Trust, Inc. filed an 8-K detailing changes in its board of directors and executive compensation. The filing includes the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty about future strategy and operational direction.
Key Players & Entities
- FIRST INDUSTRIAL REALTY TRUST INC (company) — Filer
- FIRST INDUSTRIAL LP (company) — Filer
- 1 NORTH WACKER DRIVE, SUITE 4200 (location) — Business Address
- CHICAGO, IL 60606 (location) — Business Address
FAQ
What specific roles have seen departures of officers?
The filing indicates the departure of certain officers, but does not specify the exact roles in the provided text.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided text.
What is the nature of the changes in compensatory arrangements?
The filing states there are updates to compensatory arrangements for certain officers, but the specifics are not detailed in the provided text.
When was this 8-K filing submitted?
This 8-K filing was submitted on November 15, 2024.
What is the primary business of First Industrial Realty Trust, Inc.?
First Industrial Realty Trust, Inc. is classified under Real Estate Investment Trusts [6798].
Filing Stats: 920 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-11-15 16:22:52
Key Financial Figures
- $935,000 — t provides for an annual base salary of $935,000, a target annual bonus opportunity of 1
- $4,440,000 — nual long-term incentive opportunity of $4,440,000, which will be allocated 35% to time-ba
Filing Documents
- fr-20241115.htm (8-K) — 32KB
- 0000921825-24-000099.txt ( ) — 195KB
- fr-20241115.xsd (EX-101.SCH) — 3KB
- fr-20241115_def.xml (EX-101.DEF) — 14KB
- fr-20241115_lab.xml (EX-101.LAB) — 26KB
- fr-20241115_pre.xml (EX-101.PRE) — 15KB
- fr-20241115_htm.xml (XML) — 5KB
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: November 15, 2024 FIRST INDUSTRIAL, L.P. By: FIRST INDUSTRIAL REALTY TRUST, INC. as general partner By: /s/ JENNIFER MATTHEWS RICE Jennifer Matthews Rice General Counsel Date: November 15, 2024