LEXINGTON REALTY TRUST (NYSE:LXP) 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 25, 2019, Lexington Realty Trust, or the Trust, announced that its Board of Trustees, following discussion with the Board’s Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, made the following appointments effective immediately: (1) Patrick Carroll, the Trust’s Executive Vice President, Chief Financial Officer and Treasurer, was appointed Chief Risk Officer of the Trust and will continue as an Executive Vice President, (2) Beth Boulerice, the Trust’s Executive Vice President and Chief Accounting Officer, was appointed Chief Financial Officer and Treasurer of the Trust and will continue as an Executive Vice President of the Trust, and (3) Mark Cherone was appointed Chief Accounting Officer of the Trust. Prior to joining Lexington, Mr. Cherone, age 37, was Corporate Controller for Brandywine Realty Trust since 2012.
Effective as of such appointments, (1) Mr. Carroll’s annual base salary was reduced from $425,000 to $325,000, and (2) Ms. Boulerice’s annual base salary was increased to $365,000. Mr. Carroll and Ms. Boulerice will continue to participate in the Trust’s Executive Severance Plan.
Mr. Cherone has no family relationships with any trustee, director, executive officer or person nominated or chosen to become a trustee, director or executive officer of the Trust or the Partnership. Mr. Cherone is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K
A copy of the Trust’s press release, dated March 25, 2019, relating to these events is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Trust under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01.Financial Statements and Exhibits.
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(d) |
Exhibits |
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Press release, issued March 25, 2019.
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LEXINGTON REALTY TRUST Exhibit
EX-99.1 2 ex991-officerappointmentx01.htm EXHIBIT 99.1 Exhibit Exhibit 99.1LEXINGTON REALTY TRUSTTRADED: NYSE: LXPONE PENN PLAZA,…
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About LEXINGTON REALTY TRUST (NYSE:LXP)
Lexington Realty Trust is a self-managed and self-administered real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant properties and land. The Company’s segment is single-tenant real estate assets. The Company also provides investment advisory and asset management services to investors in the single-tenant area. The Company has equity ownership interests in approximately 215 consolidated real estate properties, located in over 40 states and containing an aggregate of approximately 42.3 million square feet of space, approximately 96.8% of which was leased. The properties in which the Company has an interest are leased to tenants in various industries, including service, automotive, technology, transportation and logistics, and finance and insurance.