for Manor Care,Inc. where he was responsible for management of corporate real estate. From 1980 to 1994, Mr.Diamond’s real estate career was focused on regional Maryland management firms starting with B.F. Saul Company. He gained expertise in all phases of property management, accounting, leasing and construction services. Mr.Diamond has served on Maryland’s Life Science Advisory Board. Mr.Diamond received his Bachelor of Science degree in Accounting / Business Administration from Frostburg State University.

On March19, 2018, the Company entered into an executive employment agreement with Mr.Diamond to his election as Co-Chief Operating Officer and Regional Market Director — Maryland, which agreement will become effective as of April23, 2018. Mr.Diamond’s executive employment agreement provides that his annual base salary will be $450,000 effective as of April23, 2018. In addition, Mr.Diamond will be eligible for an annual bonus and periodic equity awards as the Board may determine. Additional terms of Mr.Diamond’s executive employment agreement are described below under “Description of Employment Agreements.”

Description of Employment Agreements

Each of the executive employment agreements described above (each an “Agreement” and collectively, the “Agreements”) provides that the applicable executive is employed at-will, with the term of each of the Agreements beginning April23, 2018 and ending on the date that the Agreement is terminated by either party to the provisions of the applicable agreement. Each of the Agreements further provides that the executive’s base salary shall increase annually by no less than a cost-of-living adjustment based on an index published by the United States Department of Labor.

The Agreement with Ms.Banks continues to provide, and the Agreement with Mr.Diamond now provides, that if the applicable executive’s employment terminates without cause or the executive resigns for good reason not in connection with a change in control of the Company, such executive is entitled to receive severance generally equal to one year of the executive’s base salary and a cash incentive bonus equal to the cash incentive bonus the executive earned for the previous year (or the year prior to the previous year if the cash incentive bonus for the previous year has not been determined prior to termination). The Agreement with Ms.Banks further continues to provide, and the Agreement with Mr.Diamond now provides, that if, upon or within two years following a change in control of the Company, the Company terminates the Agreement without cause or the executive terminates the Agreement for good reason, the executive is entitled to receive severance generally equal to a multiple of the executive’s base salary and a cash incentive bonus equal to a multiple of the cash incentive bonus amount the executive earned for the previous year (or the year prior to the previous year if the cash incentive bonus for the previous year has not been determined prior to termination). The multiple for Ms.Banks remains 1.5x and the multiple for Mr.Diamond has been set as 1.5x. In any of the foregoing cases, all of the executive’s unvested shares of restricted stock in the Company will vest on the executive’s last day of employment and the executive will receive a prorated grant of fully vested stock based on the Company’s grant to the executive for the prior year and the number of days employed in the year of termination and an additional grant of restricted stock (on a fully vested basis) equal to the higher of the number of shares

of restricted stock that the Company had determined to grant to the executive for the prior year, but had not yet granted as of termination, or the average number of shares of restricted stock granted to the executive for the second, third and fourth years prior to the year in which the executive’s employment terminates.

The Agreement with Ms.Banks also continue to provide, and the Agreement with Mr.Diamond now provides, that if the Company terminates the applicable executive’s employment without cause, or the executive terminates his or her employment for good reason, the Company will pay the applicable premiums for the executive’s continued coverage under the Company’s health insurance plans to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) for up to 12 months after the executive’s last day of employment with the Company or a taxable payment calculated such that the after-tax amount of the payment would be equal to the applicable COBRA health insurance premiums if the Company determines that it cannot pay COBRA premiums without a substantial risk of violating applicable law.

The foregoing descriptions of each of the Agreements do not purport to be complete and are qualified in their entirety by the full text of the applicable Agreement, a copy of which will be filed as an exhibit to the Company’s quarterly report on Form10-Q for the quarter ended March31, 2018.

Press Releases Regarding Election of Co-Chief Operating Officers

The Company elected to delay the filing of the disclosure of the appointment of Jennifer J. Banks as Co-Chief Operating Officer, General Counsel, and Corporate Secretary and Lawrence J. Diamond as Co-Chief Operating Officer and Regional Market Director — Maryland until the public announcement of such appointments in accordance with the instruction to paragraph (c)of Item 5.02(c)of Form8-K which permits a delay in filing Form8-K until the day on which the registrant otherwise makes a public announcement of the appointment of a particular officer.

A copy of the Company’s press release relating to the events described herein is being furnished as Exhibit99.1 to this Current Report on Form8-K. Exhibit99.1 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that Sectionand shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01Financial Statements and Exhibits

(d) Exhibits

99.1 Press release, dated March20, 2018, regarding election of Co-Chief Operating Officers

ALEXANDRIA REAL ESTATE EQUITIES INC Exhibit
EX-99.1 2 a18-8548_1ex99d1.htm EX-99.1 Exhibit 99.1     Alexandria Real Estate Equities,…
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