Corporate GovernanceApr 28, 2026, 04:13 PM
ELME Communities Amends 10-K; CFO Change, Trustee Comp Revamp
AI Summary
Elme Communities filed an Amendment No. 1 to its 2025 Form 10-K, providing updated information on directors, executive officers, and corporate governance. The company announced the appointment of W. Drew Hammond as Executive Vice President and Chief Financial Officer, effective March 3, 2026, following the departure of Steven M. Freishtat. Additionally, trustees Ellen M. Goitia and Ron D. Sturzenegger resigned, and the non-employee trustee compensation program was revised, increasing the annual cash retainer to $155,000 and terminating the deferred compensation plan.
Key Highlights
- W. Drew Hammond appointed EVP & CFO, Chief Administrative Officer, Treasurer and Secretary, effective March 3, 2026.
- Steven M. Freishtat stepped down as Chief Financial Officer, effective March 2, 2026.
- Susan Gerock resigned as Senior Vice President and Chief Information Officer, effective November 14, 2025.
- Trustees Ellen M. Goitia and Ron D. Sturzenegger resigned from the Board, effective March 2, 2026.
- Non-employee trustee annual cash retainer increased to $155,000, effective December 31, 2025.
- Non-qualified deferred compensation plan for non-employee trustees terminated January 8, 2026.
- Trustee Benjamin S. Butcher received $222,481 total compensation in fiscal year 2025.
Price Impact
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