SL Green 8-K: Officer/Director Changes, Comp Arrangements on Jan 30

TL;DR

**SL Green filed an 8-K on Jan 30 for officer/director changes and comp arrangements.**

AI Summary

SL GREEN REALTY CORP. filed an 8-K on February 2, 2024, reporting events that occurred on January 30, 2024. This filing indicates potential changes in compensatory arrangements for certain officers and/or the departure or election of directors, as well as the appointment of certain officers. While the specific details of these changes are not fully disclosed in this summary, investors should be aware that executive compensation and board composition can significantly impact a company's strategic direction and financial performance, making these events important for evaluating SL Green's future outlook.

Why It Matters

Changes in leadership and executive compensation can signal shifts in company strategy or performance incentives, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership and compensation, which can introduce uncertainty regarding future company performance and governance, warranting a medium risk assessment.

Analyst Insight

Investors should monitor future filings or company announcements for specific details regarding the reported changes in officers, directors, and compensatory arrangements, as these will provide clearer insights into the company's strategic direction and potential impact on shareholder value.

Key Players & Entities

• SL GREEN REALTY CORP. (company) — Registrant filing the 8-K
• SL GREEN OPERATING PARTNERSHIP, L.P. (company) — Co-registrant filing the 8-K
• January 30, 2024 (date) — Date of earliest event reported
• February 2, 2024 (date) — Date the 8-K was filed

Forward-Looking Statements

• SL GREEN REALTY CORP. will provide more detailed information regarding the specific changes in officer compensation or director appointments in a subsequent filing or press release. (SL GREEN REALTY CORP.) — medium confidence, target: 2024-03-31

FAQ

Key Financial Figures

• $0.01 — reen Realty Corp. SLG Common Stock, $0.01 par value New York Stock Exchange S

Filing Documents

• tm244917d1_8k.htm (8-K) — 45KB
• tm244917d1_ex10-1.htm (EX-10.1) — 12KB
• 0001104659-24-010038.txt ( ) — 294KB
• slg-20240130.xsd (EX-101.SCH) — 4KB
• slg-20240130_def.xml (EX-101.DEF) — 28KB
• slg-20240130_lab.xml (EX-101.LAB) — 38KB
• slg-20240130_pre.xml (EX-101.PRE) — 26KB
• tm244917d1_8k_htm.xml (XML) — 9KB

02. Departure of Directors or Certain Officers; Election

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 30, 2024, Matthew DiLiberto and SL Green Realty Corp. (the "Company") entered into an amendment to the employment agreement between Mr. DiLiberto and the Company (the "Amendment") to modify the methodology for calculating Mr. DiLiberto's annual bonus. Pursuant to the Amendment, Mr. DiLiberto will be eligible to earn up to 250% of his base salary based on formulaic goals established in advance by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee"), which shall comprise 60% of Mr. DiLiberto's total annual bonus opportunity for each fiscal year during the term (the "Formulaic Component"). The remaining 40% of Mr. DiLiberto's annual bonus opportunity for each fiscal year will be determined by dividing the Formulaic Component (once it has been calculated) by 0.6, less the amount of the as-calculated Formulaic Component, to establish a non-formulaic bonus opportunity amount (the "Non-Formulaic Component"). Mr. DiLiberto may earn between 0% and 100% of the Non-Formulaic Component, as determined in the discretion of the Compensation Committee. Except as set forth above, the terms of the employment agreement have not been modified by the Amendment. The discussion above is qualified in its entirety by reference to the Amendment, which is being filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 First Amendment to Amended and Restated Employment and Noncompetition Agreement, dated as of January 30, 2024, by and between SL Green Realty Corp. and Matthew DiLiberto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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. SL GREEN REALTY CORP. By: /s/ Andrew S. Levine Name: Andrew S. Levine Title: Executive Vice President, Chief Legal Officer and General Counsel SL GREEN OPERATING PARTNERSHIP, L.P. By: SL GREEN REALTY CORP., its general partner By: /s/ Andrew S. Levine Name: Andrew S. Levine Title: Executive Vice President, Chief Legal Officer and General Counsel Date: February 2, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR