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

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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

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.

On July 9, 2019, Najeeb A. Khan, a Class II member of the Board of Trustees (the “Board”) of Whitestone REIT (the “Company”) whose current term was set to expire at the Company’s 2020 annual meeting of shareholders, resigned as a member of the Board and from the Nominating and Corporate Governance Committee thereof, effective immediately. Mr. Khan resigned for personal reasons and had no disagreement with the Company. As a consequence of Mr. Khan’s departure, the Board will be decreasing the size of the Board from seven to six members and decreasing the number of Class II trustees from two to one.
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.