RPT REALTY (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(d): Appointment of Richard L. Federico
On November 30, 2018, the Board of Trustees of RPT Realty (the "Company") was expanded to nine members. Richard L. Federico 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 Mr. Federico is an independent trustee in accordance with the NYSE listing standards and the Company’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, Mr. Federico will participate in the Company'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.
RPT Realty ExhibitEX-99.1 2 ex991_federicoappointment.htm EXHIBIT 99.1 Exhibit News Release (NYSE:RPT) RPT REALTYANNOUNCES THE APPOINTMENT OF RICHARD FEDERICO TO ITS BOARD OF TRUSTEESNEW YORK,…To view the full exhibit click