Terreno Realty Corp Elects New Directors, Updates Exec Contracts
Ticker: TRNO · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1476150
| Field | Detail |
|---|---|
| Company | Terreno Realty Corp (TRNO) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, corporate-governance
TL;DR
Terreno Realty adds two directors and signs new deals with CEO/CFO.
AI Summary
Terreno Realty Corporation announced on May 31, 2024, changes related to its board of directors and executive compensation. Specifically, the company elected two new directors, Michael A. Beeman and David M. Johnson, to its Board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Michael A. Steponovich, and Chief Financial Officer, Jessica L. Taylor, effective May 31, 2024.
Why It Matters
The election of new directors and updated executive employment agreements can signal strategic shifts or reinforce leadership stability within the company.
Risk Assessment
Risk Level: low — The filing primarily concerns board composition and executive employment terms, which are standard corporate governance matters.
Key Players & Entities
- Terreno Realty Corporation (company) — Registrant
- Michael A. Beeman (person) — Newly elected director
- David M. Johnson (person) — Newly elected director
- Michael A. Steponovich (person) — CEO
- Jessica L. Taylor (person) — CFO
- May 31, 2024 (date) — Effective date of changes
FAQ
Who were the newly elected directors for Terreno Realty Corp?
Michael A. Beeman and David M. Johnson were elected as new directors.
When were the changes to the board and executive agreements effective?
The changes were effective as of May 31, 2024.
What positions do Michael A. Steponovich and Jessica L. Taylor hold?
Michael A. Steponovich is the Chief Executive Officer and Jessica L. Taylor is the Chief Financial Officer.
What type of filing is this for Terreno Realty Corp?
This is a Form 8-K, a current report filed with the SEC.
What specific items are being reported in this 8-K filing?
The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 591 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-06-04 16:15:56
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TRNO New York S
Filing Documents
- d794239d8k.htm (8-K) — 22KB
- 0001193125-24-154268.txt ( ) — 141KB
- trno-20240531.xsd (EX-101.SCH) — 3KB
- trno-20240531_lab.xml (EX-101.LAB) — 18KB
- trno-20240531_pre.xml (EX-101.PRE) — 11KB
- d794239d8k_htm.xml (XML) — 4KB
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. Terreno Realty Corporation Date: June 4, 2024 By: /s/ Jaime J. Cannon Jaime J. Cannon Executive Vice President and Chief Financial Officer