Cousins Properties Incorporated (NYSE:CUZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Cousins Properties Incorporated (NYSE:CUZ) 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. Appointment of Certain Officer.

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On July 25, 2017, the Board of Directors (the “Board”) of Cousins Properties Incorporated (the “Company”) appointed M. Colin Connolly as President and Chief Operating Officer, effective July 25, 2017.

Mr. Connolly, 41, joined the Company in September 2011 as Senior Vice President. He became Senior Vice President and Chief Investment Officer in May 2013, Executive Vice President and Chief Investment Officer in December 2015 and Executive Vice President and Chief Operating Officer in July 2016. Prior to joining the Company, Mr. Connolly served as Executive Director with Morgan Stanley from December 2009 to August 2011 and as Vice President with Morgan Stanley from December 2006 to December 2009.

Mr. Connolly’s compensation is described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 16, 2017. As of the date of this report, there are no changes to Mr. Connolly’s compensation as a result of this promotion.

The Company issued a press release on July 28, 2017, announcing Mr. Connolly’s appointment as President and Chief Operating Officer. A copy of that press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 8.01. Other Events.

On July 25, 2017, the Board of Directors of the Company (the “Board”) unanimously elected Lawrence L. Gellerstedt to the combined role of Chairman of the Board and Chief Executive Officer. With this election, S. Taylor Glover was elected to the role of Lead Director. Both elections are effective July 25, 2017.

No other memberships on the Board or its committees changed as a result of these elections.

Mr. Gellerstedt, 61, joined the Company in July 2005, as Senior Vice President of the Company and President of the Office/Multi-Family Division of the Company. He became Executive Vice President and Chief Development Officer in May 2008, Executive Vice President and Chief Operating Officer in February 2009 and President and Chief Executive Officer in July 2009.

Mr. Glover, 66, joined in the Board in 2005 and has served as non-executive Chairman of the Board since July 2009.

As of the date of this report, no compensation changes were made for either of Messrs. Gellerstedt or Glover as result of these changes.

The Company issued a press release on July 28, 2017, announcing Mr. Gellerstedt’s appointment as Chairman and Chief Executive Officer. A copy of that press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Exhibit No.Exhibit Description

99.1 Press Release, dated July 28, 2017


COUSINS PROPERTIES INC Exhibit
EX-99.1 2 ex991organizationchanges.htm EXHIBIT 99.1 Exhibit News ReleaseCONTACT: Marli Quesinberry Director of Investor Relations (404) 407-1898 [email protected] PROPERTIES NAMES LARRY GELLERSTEDTCHAIRMAN OF THE BOARD AND CEOCOLIN CONNOLLY ELECTED PRESIDENT AND CHIEF OPERATING OFFICERATLANTA — (July 28,…
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About Cousins Properties Incorporated (NYSE:CUZ)

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise. The Company’s segments include Office, Retail, Land and Other. The Company’s segments by property type are Office, Mixed Use and Other. The Company’s segments by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Company invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.

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