Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 1, 2017 Mr. Casey Wold was appointed to the Board of Directors (the “Board”) of Consolidated-Tomoka Land Co. (the “Company”). Subsequent to his appointment, the Board named Mr. Wold to the Governance Committee of the Board. There are and have been no transactions, either since the beginning of the Company’s last fiscal year or that are currently proposed, regarding Mr. Wold that are required to be disclosed to Item 404(a) of Regulation S-K. 

Mr. Wold founded and is Managing Partner and Chief Executive Officer of Vanderbilt Office Properties (“Vanderbilt”) and has over 35 years of institutional real estate experience. From 2004 to 2014, Mr. Wold served as Senior Managing Director at Tishman Speyer (“Tishman”) where he was a member of Tishman’s investment and management committees, and was responsible for the Midwest, Atlanta, Boston and Washington D.C. regions. Prior to that, Mr. Wold served as President of TrizecHahn Office Properties, spearheading the investment strategy and growth of its office portfolio. Mr. Wold served as Chief Investment Officer and Chief Operating Officer of Trizec Office Properties when the U.S. subsidiary went public as a real estate investment trust in 2002. Mr. Wold has served on the boards of Trizec Office Properties and Captivate Networks, Inc.

A copy of the press release announcing this appointment is furnished as an exhibit to this Form 8-K as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated March 3, 2017


About Consolidated-Tomoka Land Co. (NYSEMKT:CTO)

Consolidated-Tomoka Land Co. is a real estate operating company. The Company owns and manages over 40 commercial real estate properties in approximately 10 states in the United States. The Company’s segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other. The Company also leases property for over 20 billboards; has agricultural operations that are managed by a third-party, which consists of leasing land for hay and sod production, timber harvesting and hunting leases, and owns and manages subsurface interests. The Company owns approximately 30 single-tenant and over eight multi-tenant properties with approximately 1,700,000 square feet of gross leasable space. It has over four commercial loan investments, including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan and a variable-rate first mortgage loan.

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) Recent Trading Information

Consolidated-Tomoka Land Co. (NYSEMKT:CTO) closed its last trading session up +0.58 at 55.65 with 2,653 shares trading hands.