GGP INC. (NYSE:GGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 >DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS
GGP INC. (NYSE:GGP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 16, 2017, GGP Inc. (the “Company”) announced that effective June 30, 2017 (the “Retirement Date”), Alan J. Barocas will retire from his position as Senior Executive Vice President, Leasing. Effective on the Retirement Date, the Company has agreed to (i) accelerate the vesting of all Mr. Barocas’s non-performance-vesting equity; (ii) waive the service-based vesting requirements of a pro-rata portion of Mr. Barocas’s performance-vesting equity; and (iii) provide Mr. Barocas three years from his Retirement Date to exercise his options and appreciation-only operating partnership units.
As of the Retirement Date, Jared W. Chupaila, 41, who serves as Executive Vice President, Leasing, will assume the responsibilities of Mr. Barocas. Mr. Chupaila has been with the Company since April 2000, serving in various leadership roles.
About GGP INC. (NYSE:GGP)
GGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company’s retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP. GGP INC. (NYSE:GGP) Recent Trading Information
GGP INC. (NYSE:GGP) closed its last trading session up +0.44 at 22.39 with 8,701,164 shares trading hands.
GGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company’s retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP. GGP INC. (NYSE:GGP) Recent Trading Information
GGP INC. (NYSE:GGP) closed its last trading session up +0.44 at 22.39 with 8,701,164 shares trading hands.
