FOUR CORNERS PROPERTY TRUST, INC. (NYSE:FCPT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers.
On June28, 2017, the Board of Directors (the Board) of Four
Corners Property Trust, Inc. (the Company) increased the size of
the Board to six directors and, in connection with such increase,
appointed Charles Jemley, age 53, to serve as director of the
Company effective June28, 2017. The Board also appointed
Mr.Jemley to serve on the Audit Committee of the Board and
designated him an audit committee financial expert.
Mr.Jemley will receive compensation consistent with that received
by the Companys other non-employee directors, as disclosed in the
Companys definitive proxy statement filed with the Securities and
Exchange Commission on April28, 2017, including (i)a base annual
cash retainer of $50,000 and (ii)an annual award of $65,000 in
restricted stock units of the Company, prorated to the annual
grant date of the director awards for the initial grant, which
will vest quarterly over a one-year period. Mr.Jemley is not a
party to any transaction requiring disclosure to Item 404(a) of
Regulation S-K.
On June29, 2017, the Company issued press release announcing
Mr.Jemleys appointment to the Board. A copy of the press release
is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
Item9.01 Financial Statements and Exhibits.
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Exhibits |
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| 99.1 | Press Release dated June29, 2017 |
Four Corners Property Trust, Inc. ExhibitEX-99.1 2 d421329dex991.htm PRESS RELEASE Press Release Exhibit 99.1 FCPT Elects Charles Jemley to Board of Directors Company Release – 6/29/2017 MILL VALLEY,…To view the full exhibit click here About FOUR CORNERS PROPERTY TRUST, INC. (NYSE:FCPT)
Four Corners Property Trust, Inc. is a self-administered company, which is engaged in the ownership, acquisition and leasing of restaurant properties. The Company’s business is conducted through its subsidiaries, Four Corners Operating Partnership, LP (Four Corners OP) and Four Corners GP, LLC (Four Corners GP). It operates through two segments: real estate operations and restaurant operations. It owns over 424 properties in the United States. Of these properties, 418 are held for investment. These 418 properties have an aggregate leasable area of approximately 3,287,000 square feet, which are located in over 44 states. The remaining six properties are operated by the Kerrow Restaurant Operating Business as LongHorn Steakhouses. Of approximately six LongHorn SteakHouse restaurant properties located in the San Antonio area, over three properties are leased to its subsidiary, Kerrow Holdings, LLC (together with its subsidiaries Kerrow), and approximately three are owned by Kerrow.