Terreno Realty Reports Officer/Director Changes, Comp Arrangements
Ticker: TRNO · Form: 8-K · Filed: Jan 12, 2024 · CIK: 1476150
| Field | Detail |
|---|---|
| Company | Terreno Realty Corp (TRNO) |
| Form Type | 8-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Terreno Realty just filed an 8-K about executive changes and compensation, keep an eye on leadership.**
AI Summary
Terreno Realty Corporation filed an 8-K on January 12, 2024, reporting an event that occurred on January 8, 2024. This filing indicates a change related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.' While the specific details of the changes are not provided in this excerpt, it signals potential shifts in leadership or executive compensation. For investors, this matters because changes in executive leadership or compensation structures can impact a company's strategic direction, operational efficiency, and financial performance, potentially affecting stock value.
Why It Matters
Changes in executive leadership or compensation can signal strategic shifts or impact company stability, directly influencing investor confidence and stock performance.
Risk Assessment
Risk Level: medium — The filing indicates changes in leadership or compensation, which can introduce uncertainty regarding future company direction and stability, warranting a medium risk assessment.
Analyst Insight
A smart investor would monitor subsequent filings or company press releases for specific details regarding the executive changes and compensation arrangements to assess their potential impact on Terreno Realty's future performance and strategic direction.
Key Players & Entities
- Terreno Realty Corporation (company) — the registrant filing the 8-K
- January 8, 2024 (date) — date of the earliest event reported
- January 12, 2024 (date) — date the 8-K was filed
- 001-34603 (other) — Commission File Number
- TRNO (other) — Trading Symbol for Common Stock
- New York Stock Exchange (other) — exchange where Common Stock is registered
Forward-Looking Statements
- Further details regarding the executive changes and compensation arrangements will be disclosed in subsequent filings or company announcements. (Terreno Realty Corporation) — high confidence, target: Q1 2024
FAQ
What is the specific nature of the event reported by Terreno Realty Corporation on January 8, 2024?
The 8-K filing indicates the event falls under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.' The exact details of who departed, who was elected/appointed, or the specifics of compensatory arrangements are not provided in this excerpt.
When was this 8-K filing submitted to the SEC?
The 8-K filing was submitted to the SEC on January 12, 2024, as indicated by the 'FILED AS OF DATE: 20240112'.
What is the trading symbol for Terreno Realty Corporation's common stock?
The trading symbol for Terreno Realty Corporation's common stock is TRNO, as stated in the 'Securities registered pursuant to Section 12(b) of the Securities Act' section.
On which stock exchange is Terreno Realty Corporation's common stock registered?
Terreno Realty Corporation's common stock is registered on the New York Stock Exchange, as specified in the 'Name of each exchange on which registered' column for TRNO.
What is the business address of Terreno Realty Corporation?
The business address of Terreno Realty Corporation is 10500 NE 8th Street, Suite 301, Bellevue, WA 98004, as listed under 'Address of principal executive offices'.
Filing Stats: 602 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-12 17:24:29
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share TRNO New York S
Filing Documents
- d669925d8k.htm (8-K) — 22KB
- 0001193125-24-007671.txt ( ) — 140KB
- trno-20240108.xsd (EX-101.SCH) — 3KB
- trno-20240108_lab.xml (EX-101.LAB) — 18KB
- trno-20240108_pre.xml (EX-101.PRE) — 11KB
- d669925d8k_htm.xml (XML) — 3KB
02
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 8, 2024, the Board of Directors of Terreno Realty Corporation (the "Company") appointed John T. Meyer to the position of Chief Operating Officer, effective immediately. Mr. Meyer, age 64, joined the Company in 2010 and most recently served as Executive Vice President overseeing the Company's acquisitions and operations from August 2015 until his January 2024 promotion to Chief Operating Officer. Mr. Meyer previously served as the Company's Senior Vice President overseeing the Company's operations in the San Francisco Bay Area, Los Angeles and Miami from 2010 to August 2015. Mr. Meyer is also a member of the Company's ESG Committee. From 1989 through 2009, Mr. Meyer worked at AMB Property Corporation (now Prologis, Inc., NYSE: PLD) in various capacities, including Finance, Operations, Acquisitions, and Customer Development. Mr. Meyer also established AMB's Airport Facilities Group which was responsible for the development and acquisition of on-airport cargo facilities throughout the world. Mr. Meyer holds a BS degree in architecture from the University of Oklahoma and is a member of NAIOP. There are no arrangements or understandings between Mr. Meyer and any other persons pursuant to which he was appointed as the Company's Chief Operating Officer. Additionally, Mr. Meyer is not a party to any related party transactions required to be reported pursuant to Item 404(a) of Regulation S-K, nor does he have any family relationships with any of the Company's directors or executive officers. SIGNATURE 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. Terreno Realty Corporation By: /s/ Jaime J. Cannon Date: January 12, 2024 Jaime J. Cannon Executive Vice Pr