Plymouth Industrial REIT Reports Director Changes & Officer Compensation
| Field | Detail |
|---|---|
| Company | Plymouth Industrial Reit, Inc. |
| Form Type | 8-K |
| Filed Date | Dec 5, 2025 |
| Risk Level | medium |
| Pages | 9 |
| Reading Time | 10 min |
| Key Dollar Amounts | $0.01, $1,027,891, $800,000, $227,891, $8,803,542 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
Plymouth REIT board shakeup and pay adjustments filed. Watch for details.
AI Summary
On December 5, 2025, Plymouth Industrial REIT, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing indicates a departure of directors and the election of new ones, alongside adjustments to the compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these changes are expected to be elaborated upon within the full report.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial performance, impacting investor confidence and future business direction.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company strategy and performance.
Key Players & Entities
- Plymouth Industrial REIT, Inc. (company) — Registrant
- December 5, 2025 (date) — Date of Report
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of directors and the election of new directors, though specific names and the exact number of changes are not detailed in this summary.
What is the nature of the changes in compensatory arrangements for officers?
The filing states there are adjustments to the compensatory arrangements for certain officers, but the specifics of these adjustments are not provided in the summary.
What is the exact date of the report?
The report was filed on December 5, 2025.
What is the company's state of incorporation?
Plymouth Industrial REIT, Inc. is incorporated in Maryland.
What is the company's principal executive office address?
The principal executive offices are located at 20 Custom House Street, 11th Floor, Boston, MA 02110.
Filing Stats: 2,553 words · 10 min read · ~9 pages · Grade level 14.1 · Accepted 2025-12-05 16:11:14
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 per share PLYM New York Stock Excha
- $1,027,891 — ments: For Mr. Witherell , a total of $1,027,891 and 400,161 shares, consisting of: (a)
- $800,000 — ) an Accelerated Bonus in the amount of $800,000; (b) 117,100 shares of Accelerated Rest
- $227,891 — the Closing; and (d) a cash payment of $227,891 in respect of the accrued but unpaid ca
- $8,803,542 — estricted Stock and Accelerated PSUs is $8,803,542, assuming a per share price of $22.00 (
- $22.00 — ,803,542, assuming a per share price of $22.00 (the per share cash consideration payab
- $9,831,433 — n in cash and shares is estimated to be $9,831,433. For Mr. Connolly , a total of $348,4
- $348,470 — 31,433. For Mr. Connolly , a total of $348,470 and 126,083 shares, consisting of: (a)
- $275,000 — ) an Accelerated Bonus in the amount of $275,000; (b) 43,689 shares of Accelerated Restr
- $73,470 — the Closing; and (d) a cash payment of $73,470 in respect of the accrued but unpaid ca
- $2,773,826 — estricted Stock and Accelerated PSUs is $2,773,826, assuming a per share price of $22.00,
- $22 — ,773,826, assuming a per share price of $22.00, such that the aggregate dollar valu
- $3,122,296 — n in cash and shares is estimated to be $3,122,296. For Mr. Saladino , a total of $504,5
- $504,559 — 22,296. For Mr. Saladino , a total of $504,559 and 188,409 shares, consisting of: (a)
- $400,000 — ) an Accelerated Bonus in the amount of $400,000; (b) 57,511 shares of Accelerated Restr
Filing Documents
- plym-20251205.htm (8-K) — 93KB
- plym-ex10_1.htm (EX-10.1) — 23KB
- plym-ex10_2.htm (EX-10.2) — 88KB
- plym-ex10_3.htm (EX-10.3) — 41KB
- plym-ex10_4.htm (EX-10.4) — 88KB
- plym-ex10_5.htm (EX-10.5) — 20KB
- plym-ex10_6.htm (EX-10.6) — 88KB
- plym-ex10_7.htm (EX-10.7) — 33KB
- plym-ex10_8.htm (EX-10.8) — 92KB
- plym-ex10_9.htm (EX-10.9) — 23KB
- plym-ex10_10.htm (EX-10.10) — 89KB
- plym-ex10_11.htm (EX-10.11) — 30KB
- plym-ex10_12.htm (EX-10.12) — 91KB
- img102221348_0.jpg (GRAPHIC) — 133KB
- img196507543_0.jpg (GRAPHIC) — 133KB
- img200201627_0.jpg (GRAPHIC) — 133KB
- 0001193125-25-309657.txt ( ) — 1570KB
- plym-20251205.xsd (EX-101.SCH) — 25KB
- plym-20251205_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits Exhibit Number Description 10.1 Amendment to Employment Agreement with Jeffrey E. Witherell, dated as of December 5, 2025. 10.2 Change in Control Severance Agreement with Jeffrey E. Witherell, dated as of June 19, 2019. 10.3 Amendment to Change in Control Severance Agreement with Jeffrey E. Witherell, dated as of December 5, 2025 . 10.4 Acceleration and Repayment Agreement with Jeffrey E. Witherell, dated as of December 5, 2025. 10.5 Amendment to Employment Agreement with Anthony Saladino, dated as of December 5, 2025. 10.6 Change in Control Severance Agreement with Anthony Saladino, dated as of December 12, 2021. 10.7 Amendment to Change in Control Severance Agreement with Anthony Saladino, dated as of December 5, 2025. 10.8 Acceleration and Repayment Agreement with Anthony Saladino, dated as of December 5, 2025. 10.9 Amendment to Employment Agreement with James M. Connolly, dated as of December 5, 2025. 10.10 Change in Control Severance Agreement with James M. Connolly, dated as of September 23, 2021 . 10.11 Amendment to Change in Control Severance Agreement with James M. Connolly, dated as of December 5, 2025. 10.12 Acceleration and Repayment Agreement with James M. Connolly, dated as of December 5, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PLYMOUTH INDUSTRIAL REIT, INC. Date: December 5, 2025 By: /s/ Jeffrey E. Witherell Jeffrey E. Witherell Chief Executive Officer