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.
Whitestone REIT (the Company) elected David F. Taylor as a new
Class I trustee, with his service to begin immediately. Mr.
Taylor was elected to fill a vacancy that had been created on
March 17, 2017, when the Board increased the size of the Board
from five to six trustees in accordance with the Companys
declaration of trust and bylaws, as amended. It has not been
determined at this time upon which committees of the Board Mr.
Taylor will serve. Mr. Taylor will serve until the 2019 annual
meeting of shareholders. Mr. Taylor has been determined by the
Board to meet the independence standards of the New York Stock
Exchange.
and any person to which he was elected a trustee. Mr. Taylor will
receive the same compensation as the other non-employee members
of the Board. A description of the compensation payable to the
Companys trustees was included in the Companys Proxy Statement
filed with the Securities and Exchange Commission on March 30,
2016.
Houston office of Locke Lord LLP. Mr. Taylor has been a Partner
in the firm of Locke Lord LLP since 1996 and has served as a
corporate and securities attorney at Locke Lord LLP since 1989.
the appointment of Mr. Taylor, which is furnished herewith as
Exhibit 99.1. The information contained in Exhibit 99.1 shall not
be deemed filed with the Securities and Exchange Commission nor
incorporated by reference into any registration statement filed
or to be filed by the Company under the Securities Act of 1933,
as amended.
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Exhibit No.
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Description
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99.1
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Whitestone REIT Press Release dated March 17, 2017.
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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 +0.08 at 13.53 with 69,421 shares trading hands.
