Douglas Emmett, Inc. (NYSE:DEI) 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.
(e) On December 21, 2018, Douglas Emmett entered into new five year employment agreements with each of Jordan Kaplan, Kenneth Panzer and Kevin Crummy.The term of the existing agreements expires on December 31, 2018 and the new employment agreements will become effective on January 1, 2019 for a term expiring on December 31, 2023.The compensation and benefits for the officers under the new employment agreements, including salary and annual bonuses, are consistent with their existing agreements. The other provisions of the agreements are consistent in material respects with the current agreements.
Exhibits 10.1, 10.2 and 10.3 are filed with this Current Report on Form 8-K.
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Douglas Emmett Inc Exhibit
EX-10.1 2 dei20188-kexhibit101xjorda.htm EXHIBIT 10.1 Exhibit Exhibit 10.1EMPLOYMENT AGREEMENTThis EMPLOYMENT AGREEMENT (the “Agreement”) is made effective as of January 1,…
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About Douglas Emmett, Inc. (NYSE:DEI)
Douglas Emmett, Inc. is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods.