Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February27, 2017, the Board of Directors of Apollo Commercial
Real Estate Finance, Inc. (the Company) approved and adopted
amendments to the Apollo Commercial Real Estate Finance, Inc.
2009 Equity Incentive Plan (the Plan) to provide that: (1)grants
issued under the Plan must include a minimum vesting period of no
less than one year from the date of grant, other than as a result
of termination of service or in connection with a change in
control, dissolution, transfer of substantially all of the assets
of the Company or other similar transactions as set forth in the
Plan; and (2)repricing of options or stock appreciation rights
granted under the Plan will not be permitted without stockholder
approval.
The foregoing summary does not purport to be complete and is
qualified in its entirety by the terms of the Plan, as amended
and restated, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K and is incorporated herein by
reference.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit No. |
Description |
|
| 10.1 |
Apollo Commercial Real Estate Finance, Inc. 2009 Equity Incentive Plan, as amended and restated. |
About Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI)
Apollo Commercial Real Estate Finance, Inc. (ARI) is a real estate investment trust (REIT). The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. These asset classes are referred to as the Company’s target assets. The Company’s principal business objective is to make investments in its target assets in order to provide risk adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investments consist primarily of commercial mortgage loans, subordinate loans and other real estate related assets that are classified as either available-for-sale or held-to-maturity. Its targets investments that are secured by institutional quality real estate. The Company is externally managed and advised by ACREFI Management, LLC (the Manager). Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Recent Trading Information
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) closed its last trading session down -0.03 at 18.17 with 1,124,958 shares trading hands.