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 OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
5.02(b): Dennis Gershenson
Dennis Gershenson, the former President and Chief Executive Officer of Ramco-Gershenson Properties Trust (the "Trust"), has stepped down from the position of Chairman of the Board of Trustees effective September 6, 2018, and has informed the Board of Trustees that he will not stand for reelection to the Board of Trustees when his current term expires at the 2019 Annual Meeting of Shareholders.
5.02(d): Appointment of Andrea M. Weiss
On September 6, 2018, the Board of Trustees of the Trust was expanded to eight members. Andrea M. Weiss was appointed to fill the vacancy on the Board of Trustees. The Board has determined, after considering all of the relevant facts and circumstances known as of the date hereof, that Ms. Weiss is an independent trustee in accordance with the NYSE listing standards and the Trust’s Corporate Governance Guidelines.
The foregoing is qualified in its entirety by reference to a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
As a non-employee Trustee, Ms. Weiss will participate in the Trust’s compensation program for non-employee Trustees and will receive an annual cash retainer of $40,000 and an annual equity retainer of $90,000, consisting of a restricted share grant, including a prorated restricted share grant for the portion of the period until the 2019 Annual Meeting of Shareholders.
RAMCO GERSHENSON PROPERTIES TRUST ExhibitEX-99.1 2 ex991_boardoftrusteechanges.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 News Release (NYSE:RPT) RAMCO ANNOUNCES CHANGES TO ITS BOARD OF TRUSTEESDENNIS GERSHENSON STEPS DOWN AS CHAIRMAN OF THE BOARD OF TRUSTEESANDREA WEISS IS APPOINTED TO ITS BOARD OF TRUSTEESFARMINGTON HILLS,…To view the full exhibit click here
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.