Urban Edge Properties Reports Director & Officer Changes
Ticker: UE · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1611547
| Field | Detail |
|---|---|
| Company | Urban Edge Properties (UE) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $1,100,000, $4,450,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: UE
TL;DR
UE just swapped some execs and board members, watch for compensation changes.
AI Summary
Urban Edge Properties (UE) filed an 8-K on July 2, 2024, reporting changes in its board of directors and executive compensation arrangements. Specifically, the filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company strategy and financial performance.
Key Players & Entities
- Urban Edge Properties (company) — Filer of the 8-K report
- 20240628 (date) — Period of report
- 20240702 (date) — Filing date
FAQ
What specific roles have seen departures or appointments?
The filing indicates departures of certain officers and the election of new directors, though specific names and roles are not detailed in the provided excerpt.
When did these changes take effect?
The filing is dated July 2, 2024, and the period of report is June 28, 2024, suggesting the changes are effective around these dates.
Are there any details on the new compensatory arrangements?
The filing mentions updates to 'Compensatory Arrangements of Certain Officers' but does not provide specific details in the excerpt.
What is the primary reason for this 8-K filing?
This 8-K is filed to report the departure of directors or certain officers, the election of directors, and changes in compensatory arrangements of certain officers.
What is Urban Edge Properties' industry?
Urban Edge Properties is in the Real Estate industry, with a Standard Industrial Classification code of 6500.
Filing Stats: 1,809 words · 7 min read · ~6 pages · Grade level 13 · Accepted 2024-07-02 17:15:06
Key Financial Figures
- $0.01 — hares of beneficial interest, par value $0.01 per share UE The New York Stock Exchang
- $1,100,000 — an annual base salary of not less than $1,100,000 and eligible to earn an annual bonus wi
- $4,450,000 — alue at the grant date of not less than $4,450,000, of which (x) 50% will be time-based LT
Filing Documents
- ue-20240628.htm (8-K) — 48KB
- exhibit101employmentagreem.htm (EX-10.1) — 124KB
- 0001611547-24-000035.txt ( ) — 355KB
- ue-20240628.xsd (EX-101.SCH) — 2KB
- ue-20240628_def.xml (EX-101.DEF) — 15KB
- ue-20240628_lab.xml (EX-101.LAB) — 26KB
- ue-20240628_pre.xml (EX-101.PRE) — 15KB
- ue-20240628_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Employment Agreement between Urban Edge Properties and Jeffrey S. Olson, dated June 28, 2024 104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Exchange Act, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. URBAN EDGE PROPERTIES (Registrant) Date: July 2, 2024 By: /s/ Robert C. Milton III Robert C. Milton III, Executive Vice President and General Counsel URBAN EDGE PROPERTIES LP By: Urban Edge Properties, General Partner Date: July 2, 2024 By: /s/ Robert C. Milton III Robert C. Milton III, Executive Vice President and General Counsel