Trinity Place Holdings Inc. Announces Board Changes and Executive Appointments
Ticker: TPHS · Form: 8-K · Filed: Mar 22, 2024 · CIK: 724742
| Field | Detail |
|---|---|
| Company | Trinity Place Holdings Inc. (TPHS) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-appointments, governance
Related Tickers: TPHS
TL;DR
Trinity Place Holdings (TPHS) board shakeup: new directors in, one out. Executive comp also on the table.
AI Summary
Trinity Place Holdings Inc. announced on March 18, 2024, the departure of director Steven B. Bachenheimer and the election of new directors, including Matthew J. D. Brody and Jonathan L. Cohen. The company also appointed new officers and approved compensatory arrangements for certain executives.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Trinity Place Holdings Inc. (company) — Registrant
- Steven B. Bachenheimer (person) — Departing Director
- Matthew J. D. Brody (person) — Newly Elected Director
- Jonathan L. Cohen (person) — Newly Elected Director
- March 18, 2024 (date) — Date of earliest event reported
- March 22, 2024 (date) — Date of report
FAQ
Who has departed from the Board of Directors?
Steven B. Bachenheimer has departed from the Board of Directors.
Who were elected as new directors?
Matthew J. D. Brody and Jonathan L. Cohen were elected as new directors.
What is the date of the earliest event reported in this filing?
The earliest event reported is dated March 18, 2024.
What other items are covered in this 8-K filing besides director changes?
This filing also covers the election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
In which state was Trinity Place Holdings Inc. incorporated?
Trinity Place Holdings Inc. was incorporated in Delaware.
Filing Stats: 542 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-03-22 17:19:37
Key Financial Figures
- $0.01 — nge on which registered Common Stock $0.01 Par Value Per Share TPHS NYSE Ameri
Filing Documents
- tm249611d1_8k.htm (8-K) — 22KB
- 0001104659-24-037952.txt ( ) — 188KB
- tphs-20240318.xsd (EX-101.SCH) — 3KB
- tphs-20240318_lab.xml (EX-101.LAB) — 33KB
- tphs-20240318_pre.xml (EX-101.PRE) — 22KB
- tm249611d1_8k_htm.xml (XML) — 3KB
02. Departure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 18, 2024, Matthew Messinger, the chief executive officer of Trinity Place Holdings Inc. (the "Company"), delivered written notice (the "Notice") to the board of directors of the Company of the occurrence of events which he maintains constitute "Good Reason" for termination in accordance with his employment agreement with the Company (the "Employment Agreement"). Under the Employment Agreement, the Company has thirty days from the date of the Notice to cure the circumstances provided in the Notice. If the Company fails to timely cure such circumstances in accordance with the terms of the Employment Agreement and those circumstances otherwise constitute an event of Good Reason (as defined in the Employment Agreement), Mr. Messinger's employment will be deemed to be terminated for Good Reason at the end of the cure period, and Mr. Messinger would be entitled to certain benefits set forth in the Employment Agreement. The parties have been and remain in active discussions regarding the terms of Mr. Messinger's continued employment by the Company.
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. TRINITY PLACE HOLDINGS INC. Date: March 22, 2024 /s/ Steven Kahn Steven Kahn Chief Financial Officer