Colony Starwood Homes (NYSE:SFR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Appointment of Trustee
On February 17, 2017, the Board of Trustees (the Board) of Colony
Starwood Homes, a Maryland real estate investment trust (the
Company), voted to expand the size of the Board to 13 members and
appointed Renee Lewis Glover as an independent trustee of the
Company. Ms. Glover was also appointed to the Nominating and
Corporate Governance Committee of the Board.
Ms. Lewis Glover, age 67, is the founder and managing member of
The Catalyst Group, LLC, a national consulting firm focused on
urban revitalization, real estate development and community
building, urban policy and business transformation. Ms. Lewis
Glover is currently a member of the Board of Directors of Federal
National Mortgage Association (Fannie Mae), for which she serves
as member of the Nominating and Corporate Governance Committee
and the Strategic Initiatives Committee. Ms. Lewis Glover is also
a member of the Board of Directors for Enterprise Community
Partners, Inc., a nonprofit organization focused on affordable
housing opportunities. Ms. Lewis Glover served on the Board of
Directors of Habitat for Humanity International from November
2006 to November 2015, including serving as chair of the Board of
Directors from November 2013 to November 2015. Committees on
which she served during her time as a member of the Board of
Directors of Habitat for Humanity International included the
Audit Committee, Finance Committee, Operations Committee and
Executive Committee. Ms. Lewis Glover served as a member of the
Board of Directors of the Federal Reserve Bank of Atlanta from
January 2009 to December 2014, where she served on the Audit and
Operational Risk Committee. She also served as a commissioner of
the Bipartisan Policy Center Housing Commission from October 2011
to September 2014. The Bipartisan Policy Center Housing
Commission was responsible for developing a set of bipartisan
recommendations concerning federal housing policy and housing
finance. Ms. Lewis Glover served as president and chief executive
officer of the Atlanta Housing Authority and its affiliates from
September 1994 to September 2013. She also served as a consultant
for the Atlanta Housing Authority from September 2013 to November
2013 to facilitate the transition of leadership upon her
retirement. Prior to joining the Atlanta Housing Authority, Ms.
Lewis Glover was a corporate finance attorney in Atlanta and New
York. Ms. Lewis Glover serves on the Board of Advisors of the
University of Pennsylvanias Institute of Urban Research. Ms.
Lewis Glovers extensive experience as a senior executive and
board member for housing focused enterprises led the Board to
conclude that Ms. Lewis Glover should serve as a trustee.
There are no arrangements or understandings between Ms. Lewis
Glover and any other persons to which she was elected to the
Board, and Ms. Lewis Glover has no direct or indirect material
interest in any transaction required to be disclosed to Item
404(a) of Regulation S-K.
As an independent trustee, Ms. Lewis Glover will receive
compensation in the same manner as the Companys other independent
trustees. For a description of the equity plan applicable for the
Companys independent trustees, see Executive CompensationEquity
Incentive PlansNon-Executive Trustee Share Plan in the Companys
Form 10-K for the year ended December 31, 2013, filed with the
Securities and Exchange Commission on March 28, 2014.
to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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Dated: February 21, 2017 |
COLONY STARWOOD HOMES |
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By: |
/s/ Ryan A. Berry |
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Name: |
Ryan A. Berry |
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Title: |
Executive Vice President, General Counsel and Secretary |
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About Colony Starwood Homes (NYSE:SFR)
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs. The Company identifies and pursues individual home acquisition opportunities through various sources, including multiple listing services (MLS) listings, foreclosure auctions and short sales. The Company’s portfolio includes approximately 34,670 owned homes and homes underlying NPLs. Its homes are located in South Florida, Atlanta, Houston, Tampa, Dallas, Denver, Chicago, Orlando, Southern California, Northern California, Phoenix and Las Vegas. Colony Starwood Partnership, L.P. is a limited partnership through which the Company conducts substantially all of its business. Colony Starwood Homes (NYSE:SFR) Recent Trading Information
Colony Starwood Homes (NYSE:SFR) closed its last trading session up +0.16 at 32.24 with 491,238 shares trading hands.