Realty Income Elects New Directors, Adjusts Officer Compensation
Ticker: O · Form: 8-K · Filed: 2024-11-26T00:00:00.000Z
Sentiment: neutral
Topics: governance, board-changes, executive-compensation
Related Tickers: O
TL;DR
Realty Income adds 2 directors, tweaks exec pay. Board changes incoming.
AI Summary
On November 25, 2024, Realty Income Corp. announced the election of new directors and changes in officer compensation. Specifically, the company elected two new directors, Ms. Jennifer F. Roberts and Mr. Jonathan M. Smith, to its Board of Directors. Additionally, the filing details adjustments to the compensatory arrangements for certain named officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in corporate strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and compensation adjustments, which are routine corporate governance matters and do not indicate significant financial distress or operational risk.
Key Players & Entities
- Realty Income Corp. (company) — Filer
- Jennifer F. Roberts (person) — Newly Elected Director
- Jonathan M. Smith (person) — Newly Elected Director
FAQ
Who are the newly elected directors for Realty Income Corp.?
Ms. Jennifer F. Roberts and Mr. Jonathan M. Smith were elected to the Board of Directors.
What is the effective date of the changes reported in this 8-K?
The filing reports changes as of November 25, 2024.
What specific items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Realty Income Corp.'s Standard Industrial Classification (SIC) code?
Realty Income Corp.'s SIC code is 6798, which corresponds to Real Estate Investment Trusts.
What is the business address of Realty Income Corp.?
The business address is 11995 El Camino Real, San Diego, CA 92130.
Filing Stats: 822 words · 3 min read · ~3 pages · Grade level 12.9 · Accepted 2024-11-26 16:15:10
Key Financial Figures
- $0.01 — e On Which Registered Common Stock, $0.01 Par Value O New York Stock Exchange
Filing Documents
- tm2429405d3_8k.htm (8-K) — 49KB
- tm2429405d3_ex10-1.htm (EX-10.1) — 191KB
- 0001104659-24-123089.txt ( ) — 545KB
- o-20241125.xsd (EX-101.SCH) — 5KB
- o-20241125_def.xml (EX-101.DEF) — 30KB
- o-20241125_lab.xml (EX-101.LAB) — 41KB
- o-20241125_pre.xml (EX-101.PRE) — 28KB
- tm2429405d3_8k_htm.xml (XML) — 15KB
01 Financial Statements
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Realty Income Corporation Deferred Compensation Plan 104 The Form 8-K cover page, formatted in Inline Extensible Business Reporting Language and included as Exhibit 101 SIGNATURE 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. Dated: November 26, 2024 REALTY INCOME CORPORATION By: /s/ Bianca Martinez Bianca Martinez Senior Vice President, Associate General Counsel and Assistant Secretary