Whitestone REIT Elects New Directors, Adjusts Executive Compensation
Ticker: WSR · Form: 8-K · Filed: Nov 5, 2024 · CIK: 1175535
| Field | Detail |
|---|---|
| Company | Whitestone Reit (WSR) |
| Form Type | 8-K |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $9.3 billion, $2.2 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation
TL;DR
Whitestone REIT adds 2 new directors and updates exec pay. Board shakeup incoming.
AI Summary
Whitestone REIT announced on November 4, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, David A. Johnson and Scott W. Miller, to its Board of Directors, effective November 4, 2024. Additionally, the company entered into new employment agreements with certain executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Whitestone REIT (company) — Registrant
- David A. Johnson (person) — Newly elected director
- Scott W. Miller (person) — Newly elected director
- November 4, 2024 (date) — Effective date of director elections
FAQ
Who are the newly elected directors to Whitestone REIT's Board?
David A. Johnson and Scott W. Miller were elected to the Board of Directors.
When were the new directors elected?
The new directors were elected effective November 4, 2024.
What other significant event was reported in this 8-K filing?
The filing also reports on compensatory arrangements of certain officers.
What is Whitestone REIT's state of incorporation?
Whitestone REIT is incorporated in Maryland.
What is the principal executive office address for Whitestone REIT?
The address is 2600 South Gessner, Suite 500, Houston, Texas 77063.
Filing Stats: 933 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-11-05 16:07:26
Key Financial Figures
- $0.001 — ares of Beneficial Interest , par value $0.001 per share WSR New York Stock Exchang
- $9.3 billion — 2024, Spirit Realty had an approximate $9.3 billion enterprise value, with over 29 million
- $2.2 billion — ership, Piedmont recycled approximately $2.2 billion in assets and executed a consistent str
Filing Documents
- wstr20241104_8k.htm (8-K) — 29KB
- ex_742806.htm (EX-99.1) — 15KB
- 0001437749-24-033335.txt ( ) — 181KB
- wstr-20241104.xsd (EX-101.SCH) — 3KB
- wstr-20241104_def.xml (EX-101.DEF) — 11KB
- wstr-20241104_lab.xml (EX-101.LAB) — 15KB
- wstr-20241104_pre.xml (EX-101.PRE) — 11KB
- wstr20241104_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Whitestone REIT Press Release dated November 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Whitestone REIT (Registrant) Date: November 5, 2024 By: /s/ John S. Hogan Name: John S. Hogan Title: Chief Financial Officer