Management ChangeJun 23, 2026, 04:12 PM
UMH Properties Appoints Kevin Miller as EVP, CFO, Treasurer
AI Summary
UMH Properties, Inc. has appointed Kevin Miller as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective June 1, 2026. The company entered into an employment agreement with Mr. Miller on June 18, 2026, outlining his compensation package. This includes an annual base salary of $430,000, eligibility for an annual cash bonus targeting 60% of his base salary, and participation in the company's long-term equity incentive plan. The agreement also details termination benefits under various scenarios.
Key Highlights
- UMH Properties appointed Kevin Miller as Executive Vice President, CFO, and Treasurer.
- Employment agreement effective June 1, 2026.
- Initial term ends January 1, 2027, with automatic annual renewals.
- Annual base salary set at $430,000.
- Eligible for an annual cash bonus with a target of 60% of base salary.
- Eligible for long-term equity compensation under the 2023 Equity Incentive Award Plan.
- Termination benefits include three times the sum of base salary and average annual bonus for certain terminations.
Price Impact
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