FRP Holdings Reports Officer, Director, and Compensation Changes
Ticker: FRPH · Form: 8-K · Filed: Jan 3, 2025 · CIK: 844059
| Field | Detail |
|---|---|
| Company | Frp Holdings, Inc. (FRPH) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, compensation
TL;DR
FRP Holdings just shuffled its board and exec team, effective Jan 1st. Big changes coming?
AI Summary
FRP Holdings, Inc. filed an 8-K on January 3, 2025, reporting changes effective January 1, 2025. The filing details the departure of directors or certain officers, the election of new directors, the appointment of certain officers, and updates to compensatory arrangements for its officers. The company, previously known as Patriot Transportation Holding Inc. and FRP Properties Inc., is incorporated in Florida and headquartered in Jacksonville.
Why It Matters
Changes in key leadership and compensation structures can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can introduce uncertainty about future strategy and operational direction.
Key Players & Entities
- FRP HOLDINGS, INC. (company) — Registrant
- Patriot Transportation Holding Inc. (company) — Former Company Name
- FRP PROPERTIES INC (company) — Former Company Name
- January 1, 2025 (date) — Effective Date of Changes
- January 3, 2025 (date) — Filing Date
FAQ
Who are the specific directors or officers departing from FRP Holdings, Inc.?
The filing does not specify the names of the departing directors or officers, only that there were departures.
Who were the newly elected directors and appointed officers?
The filing indicates elections and appointments occurred but does not name the individuals involved.
What specific changes were made to the compensatory arrangements of certain officers?
The filing mentions updates to compensatory arrangements but does not provide details on the nature or specifics of these changes.
What is the primary business of FRP Holdings, Inc. according to the filing?
FRP Holdings, Inc. is classified under Real Estate (SIC 6500).
When did FRP Holdings, Inc. change its name from Patriot Transportation Holding Inc.?
The company changed its name from Patriot Transportation Holding Inc. on April 25, 2001.
Filing Stats: 562 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2025-01-03 11:48:12
Filing Documents
- frph-20250101.htm (8-K) — 22KB
- 0000844059-25-000001.txt ( ) — 144KB
- frph-20250101.xsd (EX-101.SCH) — 2KB
- frph-20250101_lab.xml (EX-101.LAB) — 22KB
- frph-20250101_pre.xml (EX-101.PRE) — 13KB
- frph-20250101_htm.xml (XML) — 3KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Appointment of David H. deVilliers, III as President Effective January 1, 2025, David H. deVilliers, Jr., President of the Company and Vice Chairman of the Board of Directors, resigned from his position as President, and subsequently, the Board of Directors unanimously appointed David H. deVilliers, III as the President. David H. deVilliers, Jr. will continue to serve as the Advisor to the President & Chief Operating Officer of the Company and the Vice Chairman of the Board of Directors. David H. deVilliers, III, age 46, first joined the Company in 2001 as its Vice President and served as the Executive Vice President of the Company from 2019 until his appointment as Chief Operating Officer on May 8, 2024. He also serves as the President & Chief Operating Officer of the Company's subsidiaries, FRP Development Corp. and Florida Rock Properties, Inc. Mr. deVilliers is a named executive officer whose compensation is discussed in the Company's Annual Report on Form 10-K and Proxy Statement. Mr. deVilliers is the son of David H. deVilliers, Jr., former President of the Company and Vice Chairman of the Board of Directors.
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. FRP HOLDINGS, INC. Registrant Date: January 3, 2025 By: /s/Matthew C. McNulty Matthew C. McNulty Chief Financial Officer & Treasurer