Corporate GovernanceApr 28, 2026, 04:13 PM
ELME Amends 10-K for Governance, Executive Compensation Details
AI Summary
Elme Communities filed a 10-K/A to provide information for Part III of its original 10-K, covering directors, executive officers, corporate governance, executive compensation, security ownership, related transactions, and principal accountant fees. The amendment also updates Part IV with new certifications. Key changes include the resignations of two trustees, the appointment of W. Drew Hammond as Executive Vice President and Chief Financial Officer, and adjustments to trustee compensation and deferred compensation plans.
Key Highlights
- Ellen M. Goitia and Ron D. Sturzenegger resigned as trustees effective March 2, 2026.
- W. Drew Hammond appointed EVP and CFO effective March 3, 2026.
- Former SVP and CIO Susan Gerock's separation effective November 14, 2025.
- Non-employee trustee annual cash retainer increased to $155,000 from December 31, 2025.
- Non-qualified deferred compensation plan for trustees terminated January 8, 2026.
- Trustee share ownership policy requires 5x annual cash retainer.
- 2025 trustee compensation: B. Butcher $222,481, J. Banner $172,481, T. Nolan Jr. $179,981.
Price Impact
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