Healthcare Realty Trust Appoints New Directors, Adjusts Executive Pay
Ticker: HR · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1360604
Sentiment: neutral
Topics: board-changes, executive-compensation, management
TL;DR
HRTC adds 2 directors, inks new CEO/CFO pay deals.
AI Summary
Healthcare Realty Trust Inc. announced on September 10, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Todd W. Smith and David M. Smith, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Todd W. Smith, and Chief Financial Officer, Christopher M. Kudla, detailing their compensation and severance packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Healthcare Realty Trust Inc. (company) — Registrant
- Todd W. Smith (person) — Newly elected Director and CEO
- David M. Smith (person) — Newly elected Director
- Christopher M. Kudla (person) — Chief Financial Officer
- September 10, 2024 (date) — Effective date of board changes and reporting date
FAQ
Who were the new directors elected to the Board of Directors?
Todd W. Smith and David M. Smith were elected as new directors to the Board of Directors.
When were the new directors' appointments effective?
The appointments of Todd W. Smith and David M. Smith were effective immediately as of September 10, 2024.
What other significant events were reported on September 10, 2024?
The company also entered into new employment agreements with its Chief Executive Officer and Chief Financial Officer.
What is the fiscal year end for Healthcare Realty Trust Inc.?
The fiscal year end for Healthcare Realty Trust Inc. is December 31.
What is the primary business of Healthcare Realty Trust Inc. according to its SIC code?
According to its SIC code [6798], Healthcare Realty Trust Inc. is in the business of Real Estate Investment Trusts.
Filing Stats: 2,095 words · 8 min read · ~7 pages · Grade level 11.5 · Accepted 2024-09-16 16:20:29
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share HR New York Sto
- $2.9 m — nsation is expected to be approximately $2.9 million, comprised of: (i) two times his
- $6.5 million — cts to record a charge of approximately $6.5 million to $7.5 million for the quarter ended S
- $7.5 million — charge of approximately $6.5 million to $7.5 million for the quarter ended September 30, 202
- $450,000 — ected to receive a base salary equal to $450,000 on an annual basis. For the remainder o
- $171,600 — to which he could receive approximately $171,600 at target level performance for the yea
- $214,500 — rds and severance compensation equal to $214,500. In the event that Mr. Helfrich's emp
Filing Documents
- d817486d8k.htm (8-K) — 37KB
- d817486dex991.htm (EX-99.1) — 10KB
- g817486g71p68.jpg (GRAPHIC) — 5KB
- 0001193125-24-219619.txt ( ) — 181KB
- hr-20240910.xsd (EX-101.SCH) — 3KB
- hr-20240910_lab.xml (EX-101.LAB) — 18KB
- hr-20240910_pre.xml (EX-101.PRE) — 11KB
- d817486d8k_htm.xml (XML) — 4KB
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. Healthcare Realty Trust Incorporated Date: September 16, 2024 By: /s/ Todd J. Meredith Name: Todd J. Meredith Title: President and Chief Executive Officer