Whitestone REIT (NYSE:WSR) 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.

Appointment of New Trustees and Changes to Board Committees.

On September 6, 2017, the Board of Trustees (the “Board”) of Whitestone REIT (the “Company”) expanded the size of the Board to seven members and elected Nandita Berry as a new Class III trustee to serve until the 2018 annual meeting of shareholders or until her successor is duly elected and qualified or her earlier resignation or removal and Najeeb A. Khan as a new Class II trustee to serve until the 2020 annual meeting of shareholders or until his successor is duly elected and qualified or his earlier resignation or removal, with both trustees’ service to begin immediately. Ms. Berry has been appointed to the Audit Committee of the Board, and Mr. Khan has been appointed to the Nominating and Governance Committee of the Board. Each of Ms. Berry and Mr. Khan has been determined by the Board to meet the “independence” standards of the New York Stock Exchange and the Securities and Exchange Commission (the “SEC”).

There were no arrangements or understandings between Ms. Berry or Mr. Khan, respectively, and any person to which Ms. Berry or Mr. Khan, respectively, was elected a trustee. Ms. Berry and Mr. Khan will receive the same compensation as the other non-employee members of the Board. A description of the compensation payable to the Company’s trustees was included in the Company’s Proxy Statement filed with the SEC on March 30, 2017.

Ms. Berry, 49, was formerly the 109th Texas Secretary of State from January 2014 to February 2015. She also previously served on the University of Houston System Board of Regents and held Senior Counsel positions at Locke Lord LLP and El Paso Energy Corporation. Ms. Berry began her legal career as an Associate at Haynes and Boone, LLP. Ms. Berry previously served on the board of the Houston Zoo, Inc., the South Asian Chamber of Commerce and the Community Family Center of Houston.

Mr. Khan, 64, has over 34 years of business experience and is the founder, President and Chief Executive Officer of Interlogic Outsourcing, Inc. (“IOI”). IOI is the successor to Interlogic Systems, Inc. (“ISI”), a company that Mr. Khan established in 1987. Prior to founding ISI, Mr. Khan served as Vice President of Commercial Services for Midwest Commerce Data Corporation, a wholly owned subsidiary of NBD Midwest Commerce Bank. Mr. Khan also served as Chairman and Chief Executive Officer of CNA UniSource from 1998 through 2001. Mr. Khan currently serves as a director of 1st Source Bank, where he is a member of the audit committee and chairs the loan and fund committee. He also previously served as a trustee of Memorial Health Foundation, the Community Foundation of St. Joseph County, WNIT public television and Studebaker Museum.

Item 7.01.Regulation FD Disclosure.

On September 6, 2017, the Company issued a press release announcing the appointment of Ms. Berry and Mr. Khan, which is furnished herewith as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

Whitestone REIT Exhibit
EX-99.1 2 exhibit991pressreleasenewt.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Whitestone REIT Adds Two New Independent Members to the Board of Trustees Nandita Berry,…
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About Whitestone REIT (NYSE:WSR)

Whitestone REIT is a real estate investment trust. The Company owns, manages and redevelops retail properties, which are referred to as Community Centered Properties. As of June 30, 2016, the Company owned and operated 69 commercial properties consisting of 47 retail properties containing approximately 4.1 million square feet of gross leasable area; four office properties containing approximately 0.5 million square feet of gross leasable area, and 10 office/flex properties containing approximately 1.1 million square feet of gross leasable area. As of June 30, 2016, its redevelopment portfolio included two retail properties containing approximately 0.1 million square feet of gross leasable area and six parcels of land held for future development. The Company’s properties include Gilbert Tuscany Village property, Quinlan Crossing, Davenport Village and City View Village. Its properties are principally located in Austin, Dallas-Fort Worth, Houston, San Antonio and Phoenix.

Whitestone REIT (NYSE:WSR) Recent Trading Information

Whitestone REIT (NYSE:WSR) closed its last trading session up +0.20 at 12.72 with 272,390 shares trading hands.