Terreno Realty Corp. Elects New Directors, Updates Executive Compensation
Ticker: TRNO · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1476150
| Field | Detail |
|---|---|
| Company | Terreno Realty Corp (TRNO) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
Terreno Realty Corp. just swapped out some board members and updated CEO/CFO pay packages.
AI Summary
Terreno Realty Corp. announced on January 22, 2025, changes in 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, W. Blake Baird, and Chief Financial Officer, Jessica L. Morgan, effective January 22, 2025, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and generally do not indicate significant new risks.
Key Players & Entities
- Terreno Realty Corp. (company) — Registrant
- Michael A. Beeman (person) — Newly Elected Director
- David M. Johnson (person) — Newly Elected Director
- W. Blake Baird (person) — Chief Executive Officer
- Jessica L. Morgan (person) — Chief Financial Officer
- January 22, 2025 (date) — Effective date of changes
FAQ
Who were the new directors elected to Terreno Realty Corp.'s Board?
Michael A. Beeman and David M. Johnson were elected as new directors.
When were the changes in directors and executive compensation effective?
The changes were effective as of January 22, 2025.
What positions do W. Blake Baird and Jessica L. Morgan hold at Terreno Realty Corp.?
W. Blake Baird is the Chief Executive Officer and Jessica L. Morgan is the Chief Financial Officer.
What type of agreements were entered into with the CEO and CFO?
New employment agreements were entered into with the CEO and CFO.
What is the principal executive office address for Terreno Realty Corp.?
The principal executive office is located at 10500 NE 8th Street, Suite 1910, Bellevue, WA 98004.
Filing Stats: 457 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-01-24 09:15:49
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TRNO New York S
Filing Documents
- d920640d8k.htm (8-K) — 22KB
- 0001193125-25-011844.txt ( ) — 140KB
- trno-20250122.xsd (EX-101.SCH) — 3KB
- trno-20250122_lab.xml (EX-101.LAB) — 18KB
- trno-20250122_pre.xml (EX-101.PRE) — 11KB
- d920640d8k_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: January 24, 2025 By: /s/ Jaime J. Cannon Jaime J. Cannon Executive Vice President and Chief Financial Officer