RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
-
0

RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT) 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 April 26, 2017, Ramco-Gershenson Properties Trust (the “Trust”) and Dennis Gershenson, the President and Chief Executive Officer of the Trust, entered into an Amended and Restated Employment Agreement (the “Amended Agreement”), amending and restating the employment agreement entered into on April 6, 2017. Capitalized terms used herein have the meanings set forth in the Amended Agreement.
The only change in the Amended Agreement from the employment agreement entered into on April 6, 2017 is to cap Mr. Gershenson’s severance payments at three times the sum of his base salary and target short term incentive award. Under the Amended Agreement, in the event of the termination of Mr. Gershenson’s employment for Good Reason or by the Trust not for Cause, whether or not following a change in control, Mr. Gershenson will be entitled to receive his base salary and target short term incentive award for the shorter of 36 months or the period through December 31, 2020.
The forgoing does not constitute a complete summary of the terms of the Amended Agreement and reference is made to the complete form of the Amended Agreement that is attached as Exhibit 10.1 to this report and hereby incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
10.1 Amended and Restated Employment Agreement, dated April 26, 2017, between Ramco Gershenson
Properties Trust and Dennis Gershenson

About RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT)

Ramco-Gershenson Properties Trust is an integrated real estate investment trust. The Company’s primary business is the ownership and management of multi-anchored shopping centers primarily in approximately 10 metropolitan markets in the United States. The Company’s property portfolio includes approximately 70 shopping centers and an office building comprising approximately 15.3 million square feet. The Company primarily conducts its business through its operating partnership, Ramco-Gershenson Properties, L.P. The Company’s properties include Crofton Centre in Maryland; Clinton Pointe, Clinton Valley, Gaines Marketplace, Livonia Plaza, Hoover Eleven and Jackson West in Michigan; Woodbury Lakes in Minnesota; Central Plaza, Deer Creek Shopping Center and Heritage Place in Missouri; Bridgewater Falls, Olentangy Plaza and Rossford Pointe in Ohio, and East Town Plaza, Nagawaukee Center and West Allis Towne Centre in Wisconsin.

RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT) Recent Trading Information

RAMCO-GERSHENSON PROPERTIES TRUST (NYSE:RPT) closed its last trading session down -0.34 at 13.89 with 549,703 shares trading hands.