Phillips Edison Appoints New CFO, Details Compensation
Ticker: PECO · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1476204
| Field | Detail |
|---|---|
| Company | Phillips Edison & Company, INC. (PECO) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $400 billion, $35 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
New CFO David Krumm starts July 1st with $425k salary + bonus + stock.
AI Summary
Phillips Edison & Company, Inc. announced on June 25, 2024, the appointment of David J. Krumm as Chief Financial Officer, effective July 1, 2024. Krumm will receive an annual base salary of $425,000 and is eligible for a discretionary annual bonus. He will also be granted 15,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns executive appointments and compensation, which are standard corporate events.
Key Numbers
- $425,000 — CFO Annual Base Salary (Starting salary for David J. Krumm)
- 15,000 — Restricted Stock Units (Granted to new CFO, vesting over three years)
Key Players & Entities
- Phillips Edison & Company, Inc. (company) — Registrant
- David J. Krumm (person) — Appointed Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- 15,000 (dollar_amount) — Restricted stock units granted to new CFO
- July 1, 2024 (date) — Effective date of CFO appointment
- June 25, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Chief Financial Officer?
David J. Krumm has been appointed as the new Chief Financial Officer.
When is the new CFO's appointment effective?
The appointment of David J. Krumm as CFO is effective July 1, 2024.
What is the annual base salary for the new CFO?
The annual base salary for David J. Krumm is $425,000.
What other compensation is the new CFO receiving?
David J. Krumm is eligible for a discretionary annual bonus and will be granted 15,000 restricted stock units vesting over three years.
What was the date of this 8-K filing?
The 8-K filing was made on June 25, 2024.
Filing Stats: 1,137 words · 5 min read · ~4 pages · Grade level 11.4 · Accepted 2024-07-01 16:10:34
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 par value per share PECO The Nasdaq Glo
- $400 billion — ting total transaction volume exceeding $400 billion and included initial public offerings,
- $35 billion — s of global real estate funds with over $35 billion in assets under management. During his
Filing Documents
- cik0001476204-20240625.htm (8-K) — 33KB
- devinboardappointmentpress.htm (EX-99.1) — 13KB
- cik0001476204-20240625_g1.jpg (GRAPHIC) — 330KB
- 0001476204-24-000079.txt ( ) — 854KB
- cik0001476204-20240625.xsd (EX-101.SCH) — 2KB
- cik0001476204-20240625_lab.xml (EX-101.LAB) — 21KB
- cik0001476204-20240625_pre.xml (EX-101.PRE) — 12KB
- cik0001476204-20240625_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On July 1, 2024, the Company issued a press release announcing the appointment of Mr. Murphy to the Board. A copy of the press release is attached hereto as exhibit 99.1 and is incorporated herein by reference. The information in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) is being furnished to the SEC, and shall not be deemed to be "filed" with the SEC for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any other filing with the SEC except as expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release dated July 1, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)
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. PHILLIPS EDISON & COMPANY, INC. Dated: July 1, 2024 By: /s/ Jennifer L. Robison Jennifer L. Robison Chief Accounting Officer and Senior Vice President (Principal Accounting Officer)