W. P. Carey Inc. Announces Board and Executive Changes
Ticker: WPC · Form: 8-K · Filed: 2024-07-10T00:00:00.000Z
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
WP Carey board shakeup and exec comp changes filed 8-K.
AI Summary
W. P. Carey Inc. announced on July 10, 2024, changes in its board of directors and executive compensation. The company filed an 8-K report detailing the departure of certain officers and the election of new directors, alongside updates to its compensatory arrangements.
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 board composition and executive compensation can sometimes precede or reflect significant strategic shifts or internal challenges within a company.
Key Players & Entities
- W. P. Carey Inc. (company) — Registrant
- July 10, 2024 (date) — Date of earliest event reported
FAQ
What specific items are being reported in this 8-K filing by W. P. Carey Inc.?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on July 10, 2024.
What is W. P. Carey Inc.'s Standard Industrial Classification (SIC) code?
W. P. Carey Inc.'s Standard Industrial Classification (SIC) code is 6798, which corresponds to REAL ESTATE INVESTMENT TRUSTS.
In which state was W. P. Carey Inc. incorporated?
W. P. Carey Inc. was incorporated in Maryland.
What is the business address of W. P. Carey Inc.?
The business address of W. P. Carey Inc. is One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY 10001.
Filing Stats: 640 words · 3 min read · ~2 pages · Grade level 8.8 · Accepted 2024-07-10 07:36:49
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value WPC New York Stock Exchan
Filing Documents
- tm2419126d1_8k.htm (8-K) — 27KB
- tm2419126d1_ex10-1.htm (EX-10.1) — 45KB
- tm2419126d1_ex99-1.htm (EX-99.1) — 5KB
- tm2419126d1_8kimg001.jpg (GRAPHIC) — 3KB
- tm2419126d1_ex10-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-078770.txt ( ) — 273KB
- wpc-20240710.xsd (EX-101.SCH) — 3KB
- wpc-20240710_lab.xml (EX-101.LAB) — 33KB
- wpc-20240710_pre.xml (EX-101.PRE) — 22KB
- tm2419126d1_8k_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Separation Agreement, dated July 9, 2024 by and between W. P. Carey Inc. and John. J. Park 99.1 Press release issued by W. P. Carey Inc. on July 10, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
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, thereunto duly authorized. Date: July 10, 2024 W. P. Carey Inc. By: /s/ Jason E. Fox Jason E. Fox Chief Executive Officer