CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Appointment of Certain Officers
CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 28, 2017 the Registrant hired Susan R. Johnson, 58, of East Greenwich, Rhode Island as its Assistant Treasurer, Controller and Principal Accounting Officer at a salary of $125,000 per year. Ms. Johnson will be entitled to participate in all Company benefit plans made available to senior executive officers of the Company subject to applicable plan waiting periods. Ms. Johnson's employment will commence on or about September 6, 2017. Prior to her employment by the Company Ms. Johnson held the following positions:
| 9/16- 6/17- |
Chief Financial Officer, Ira Green Holdings, Inc., Providence, RI, a manufacturer and distributor of military decorations, medals, insignia and uniform related accessories. |
| 9/15-9/16- |
Controller, Peregrine Group, LLC, Rumford, RI, a real estate developer and property manager. |
| 10/14-9/15- |
Director of Finance, Bannister House, Inc., Providence, RI, a nursing Home. |
| 1/12-4/14- |
Principal, LGC&D, LLP, Providence, RI., a certified public accounting firm and former auditors of the Company. |
None of the foregoing firms is a parent, subsidiary or affiliate of the Registrant.
About CAPITAL PROPERTIES, INC. (OTCMKTS:CPTP)
Capital Properties, Inc., through its subsidiaries, operates in two segments: leasing and petroleum storage. The Company’s subsidiaries include Tri-State Displays, Inc., Capital Terminal Company and Dunellen, LLC. The leasing segment leases Company-owned land in the Capital Center area (Capital Center) in downtown Providence, Rhode Island under long-term ground leases. The petroleum storage segment includes Terminal and Pier Facility. The Company owns approximately 20 acres in the Capital Center consisting of over 10 individual parcels. It leases Parcels 3E, 3W, 4E and 4W in the Capital Center area for public parking purposes on a short-term basis. The Company leases a parcel of land adjacent to the Capital Center for public parking purposes on a short-term basis. The Company, through Dunellen, LLC, owns a petroleum storage terminal containing approximately 1,004,000 shell barrels (the Terminal) and the Wilkesbarre Pier (the Pier).
