IIPR Director Departs; Officer Compensation & New Directors Noted
Ticker: IIPR-PA · Form: 8-K · Filed: Feb 11, 2025 · CIK: 1677576
| Field | Detail |
|---|---|
| Company | Innovative Industrial Properties Inc (IIPR-PA) |
| Form Type | 8-K |
| Filed Date | Feb 11, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, officer-compensation, board-election
Related Tickers: IIPR
TL;DR
IIPR director Steven P. Johnson is out, new board members and exec pay details coming.
AI Summary
Innovative Industrial Properties, Inc. (IIPR) announced on February 5, 2025, the departure of director Steven P. Johnson. The company also reported on compensatory arrangements for its officers and the election of new directors, though specific details on these appointments and arrangements were not provided in this filing excerpt. The filing was made on February 11, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in compensatory arrangements can sometimes indicate underlying issues or strategic shifts within a company.
Key Players & Entities
- Steven P. Johnson (person) — Departing Director
- Innovative Industrial Properties, Inc. (company) — Registrant
- February 5, 2025 (date) — Date of earliest event reported
- February 11, 2025 (date) — Filing date
FAQ
Who has departed from the board of directors at Innovative Industrial Properties, Inc.?
Steven P. Johnson has departed from the board of directors.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated February 5, 2025.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed on February 11, 2025.
What other items are mentioned in the filing besides the director's departure?
The filing also mentions the election of directors and compensatory arrangements of certain officers.
In which state is Innovative Industrial Properties, Inc. incorporated?
Innovative Industrial Properties, Inc. is incorporated in Maryland.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2025-02-11 16:30:44
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share IIPR New York Stock Excha
Filing Documents
- tm256084d1_8k.htm (8-K) — 29KB
- 0001104659-25-011519.txt ( ) — 244KB
- iipr-20250205.xsd (EX-101.SCH) — 3KB
- iipr-20250205_def.xml (EX-101.DEF) — 26KB
- iipr-20250205_lab.xml (EX-101.LAB) — 36KB
- iipr-20250205_pre.xml (EX-101.PRE) — 25KB
- tm256084d1_8k_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Director Retirement Upon Expiration of Term On February 5, 2025, David Stecher informed Innovative Industrial Properties, Inc. (the "Company") that he will retire from the Board and not stand for re-election when his term expires at the Company's 2025 annual meeting of shareholders. On February 7, 2025, Mary Curran informed the Company that she will retire from the Board and not stand for re-election when her term expires at the Company's 2025 annual meeting of shareholders. Mr. Stecher's and Ms. Curran's decision not to stand for re-election are not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company's operations, policies, or practices. Paul Smithers, the Company's President and Chief Executive Officer said: "On behalf of the entire Board and management team, I want to thank David and Mary for their service to the Company over the years."
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. Date: February 11, 2025 INNOVATIVE INDUSTRIAL PROPERTIES, INC. By: /s/ David Smith Name: David Smith Title: Chief Financial Officer