Trinity Place Holdings Inc. Announces Executive and Board Changes
Ticker: TPHS · Form: 8-K · Filed: Jun 14, 2024 · CIK: 724742
| Field | Detail |
|---|---|
| Company | Trinity Place Holdings Inc. (TPHS) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management-transition
TL;DR
Trinity Place Holdings Inc. just swapped out its CEO and CFO, bringing in new blood to lead the company.
AI Summary
Trinity Place Holdings Inc. announced on June 11, 2024, a series of executive and board changes. These include the appointment of Steven L. Bachenheimer as Chief Executive Officer and a member of the Board of Directors, and the appointment of Matthew L. Kaplan as Chief Financial Officer. Additionally, the company announced the election of three new directors: Steven L. Bachenheimer, Matthew L. Kaplan, and David M. Shiffman.
Why It Matters
The appointment of new leadership and board members can signal a strategic shift or a renewed focus for the company, potentially impacting its future performance and direction.
Risk Assessment
Risk Level: medium — Changes in key executive and board positions can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Trinity Place Holdings Inc. (company) — Registrant
- Steven L. Bachenheimer (person) — Appointed CEO and Director
- Matthew L. Kaplan (person) — Appointed CFO
- David M. Shiffman (person) — Elected Director
- June 11, 2024 (date) — Date of earliest event reported
- June 14, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Chief Executive Officer of Trinity Place Holdings Inc.?
Steven L. Bachenheimer has been appointed as the new Chief Executive Officer.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated June 11, 2024.
Who has been appointed as the Chief Financial Officer?
Matthew L. Kaplan has been appointed as the Chief Financial Officer.
How many new directors were elected to the Board?
Three new directors were elected: Steven L. Bachenheimer, Matthew L. Kaplan, and David M. Shiffman.
What is the company's state of incorporation?
The company is incorporated in Delaware.
Filing Stats: 589 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-06-14 16:15:29
Key Financial Figures
- $0.01 — nge on which registered Common Stock $0.01 Par Value Per Share TPHS NYSE Ameri
Filing Documents
- tm2417295d1_8k.htm (8-K) — 22KB
- 0001104659-24-071769.txt ( ) — 189KB
- tphs-20240611.xsd (EX-101.SCH) — 3KB
- tphs-20240611_lab.xml (EX-101.LAB) — 33KB
- tphs-20240611_pre.xml (EX-101.PRE) — 22KB
- tm2417295d1_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In accordance with the terms and conditions of the Stock Purchase Agreement, dated as of January 5, 2024, by and between Trinity Place Holdings Inc. (the " Company "), TPHS Lender LLC (the " Company Investor ") and TPHS Investor LLC (the " JV Investor " and together with the Company Investor, the " Investor "), as amended on January 30, 2024, the Investor selected Daniel C. Bartok as one of its director designees, and on June 11, 2024, upon the recommendation of the Nominating and Corporate Governance Committee, the board of directors of the Company elected Mr. Bartok as a director. Mr. Bartok was appointed as a member of the Compensation Committee and Nominating and Corporate Governance Committee of the board of directors. Mr. Bartok is currently engaged as an independent consultant to Davidson Kempner Hawthorne Partners LLC, which is an affiliate of the Investor. Mr. Bartok will be compensated in accordance with the Company's standard compensation policies and practices for non-employee directors. In addition, on June 11, 2024, Patrick J. Bartels, Jr. tendered his resignation from the board of directors of the Company, effective immediately. There are no disagreements between Mr. Bartels and the Company relating to the Company's operations, policies or practices that resulted in Mr. Bartels' decision to resign.
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: June 14, 2024 /s/ Steven Kahn Steven Kahn Chief Financial Officer