NorthStar Realty Europe Corp. (NYSE:NRE) 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 Arrangements of Certain Officers.
NorthStar Realty Europe Corp. (NYSE:NRE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 13, 2017, Albert Tylis, a member of the board of directors (the “Board”) of NorthStar Realty Europe Corp. (the “Company”), resigned from the Board effective immediately. The decision by Mr. Tylis was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Additionally, on February 13, 2017, the Nominating and Corporate Governance Committee of the Company recommended, and the Board subsequently approved, the election of Richard B. Saltzman, effective February 14, 2017 to fill the vacancy following the resignation of Mr. Tylis. Mr. Saltzman will serve until the next annual meeting of the stockholders of the Company and until his successor has been elected and qualified or until his earlier death, resignation or removal. Mr. Saltzman will not receive any compensation in connection with his service on the Board.
There are no arrangements or understandings between Mr. Saltzman and any other person to which he was elected as a director of the Company.>>Mr. Saltzman is Chief Executive Officer & President of Colony NorthStar, Inc. (“CLNS”). As described in the Company’s other filings with the Securities and Exchange Commission, the Company is party to a management agreement with an affiliate of CLNS, to which such affiliate of CLNS manages the Company’s operations and the Company is obligated to pay certain base and incentive management fees to its manager in accordance with and subject to the terms of such management agreement.
About NorthStar Realty Europe Corp. (NYSE:NRE)
NorthStar Realty Europe Corp. is a real estate investment trust. The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time. The Company conducts its business through two segments: Real Estate and Corporate. The Real Estate segment includes its European commercial real estate business, which is primarily focused on office properties. The Corporate segment includes corporate level interest expense, management fee, and general and administrative expenses. Its portfolio consists of approximately 48 properties and approximately 495,588 square meters of rentable space, located in various European markets, including Frankfurt, Hamburg, Berlin, London, Paris, Amsterdam, Milan, Brussels and Madrid. It is managed and advised by an affiliate of NorthStar Asset Management Group Inc. NorthStar Realty Europe Corp. (NYSE:NRE) Recent Trading Information
NorthStar Realty Europe Corp. (NYSE:NRE) closed its last trading session down -0.05 at 12.14 with 206,855 shares trading hands.
NorthStar Realty Europe Corp. is a real estate investment trust. The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time. The Company conducts its business through two segments: Real Estate and Corporate. The Real Estate segment includes its European commercial real estate business, which is primarily focused on office properties. The Corporate segment includes corporate level interest expense, management fee, and general and administrative expenses. Its portfolio consists of approximately 48 properties and approximately 495,588 square meters of rentable space, located in various European markets, including Frankfurt, Hamburg, Berlin, London, Paris, Amsterdam, Milan, Brussels and Madrid. It is managed and advised by an affiliate of NorthStar Asset Management Group Inc. NorthStar Realty Europe Corp. (NYSE:NRE) Recent Trading Information
NorthStar Realty Europe Corp. (NYSE:NRE) closed its last trading session down -0.05 at 12.14 with 206,855 shares trading hands.
