Essex Property Trust Names New EVP & CIO, Elects Directors

Ticker: ESS · Form: 8-K · Filed: 2024-09-04T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, board-of-directors, executive-appointment

Related Tickers: ESS

TL;DR

Essex Property Trust (ESS) shakes up leadership with a new EVP/CIO and two board members.

AI Summary

Essex Property Trust, Inc. announced on September 4, 2024, changes in its officer and director roles. Specifically, Michael J. Gallagher has been appointed as the new Executive Vice President and Chief Investment Officer, effective September 3, 2024. Additionally, the company elected two new directors, Michael J. Gallagher and Michael T. Williams, to its Board of Directors.

Why It Matters

Changes in key executive and board positions can signal shifts in company strategy, investment focus, or governance, potentially impacting future performance and shareholder value.

Risk Assessment

Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and execution, though the filing does not indicate any immediate financial distress.

Key Players & Entities

FAQ

What is the effective date of Michael J. Gallagher's appointment as Executive Vice President and Chief Investment Officer?

Michael J. Gallagher's appointment as Executive Vice President and Chief Investment Officer was effective September 3, 2024.

Who were the new directors elected to Essex Property Trust's Board?

Michael J. Gallagher and Michael T. Williams were elected as new directors to the Board of Directors.

What is the filing date of this 8-K?

This 8-K filing was made on September 4, 2024.

What are the primary items disclosed in this 8-K filing?

This filing concerns the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

What is the Central Index Key (CIK) for Essex Property Trust, Inc.?

The Central Index Key (CIK) for Essex Property Trust, Inc. is 0000920522.

From the Filing

0001140361-24-040094.txt : 20240904 0001140361-24-040094.hdr.sgml : 20240904 20240904173434 ACCESSION NUMBER: 0001140361-24-040094 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240904 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240904 DATE AS OF CHANGE: 20240904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST, INC. CENTRAL INDEX KEY: 0000920522 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770369576 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 241278431 BUSINESS ADDRESS: STREET 1: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 6506557800 MAIL ADDRESS: STREET 1: 1100 PARK PLACE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PORTFOLIO LP DATE OF NAME CHANGE: 20181211 FORMER COMPANY: FORMER CONFORMED NAME: ESSEX PROPERTY TRUST INC DATE OF NAME CHANGE: 19940318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PORTFOLIO LP CENTRAL INDEX KEY: 0001053059 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 770369575 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-44467-01 FILM NUMBER: 241278432 BUSINESS ADDRESS: STREET 1: 777 CALIFORNIA AVE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4154943700 MAIL ADDRESS: STREET 1: 777 CALIFORNIA AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 8-K 1 ef20035258_8k.htm 8-K false 0001053059 0000920522 0000920522 2024-09-04 2024-09-04 0000920522 ess:ESSEXPORTFOLIOLPMember 2024-09-04 2024-09-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): September 4, 2024 ESSEX PROPERTY TRUST, INC. ESSEX PORTFOLIO, L.P. (Exact Name of Registrant as Specified in Its Charter) 001-13106 (Essex Property Trust, Inc.) 333-44467-01 (Essex Portfolio, L.P.) (Commission File Number) Maryland   77-0369576 (Essex Property Trust, Inc.)   (Essex Property Trust, Inc.) California   77-0369575 (Essex Portfolio, L.P.)   (Essex Portfolio, L.P.) (State or Other Jurisdiction of Incorporation)   (I.R.S. Employer Identification No.) 1100 Park Place , Suite 200     San Mateo , CA   94403  (Address of principal executive offices)   (Zip Code) ( 650 ) 655-7800 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.0001 par value (Essex Property Trust, Inc.)   ESS   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&

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