The company said Board member Sidney Lapidus notified the board of his decision not to stand for re-election at the January 13, 2025 2025 Annual Meeting of Stockholders. The company said the decision is not the result of any disagreement with the company on its operations, policies or practices.

1. 01

   The company said Board member Sidney Lapidus notified the board of his decision not to stand for re-election at the January 13, 2025 2025 Annual Meeting of Stockholders. The company said the decision is not the result of any disagreement with the company on its operations, policies or practices.

2. 02

   The company said Lapidus’ current term on the board expires at the 2025 Annual Meeting, and that he will continue to serve as a director and as Chair of the Independent Directors Transactions Committee until then.

3. 03

   The company said it decided to reduce the size of the board from 11 members to 10 members in connection with Lapidus’ decision, effective as of the expiration of his term.

4. 04

   The company said Lapidus joined the board in 1997 in connection with the acquisition of Pacific Greystone Corporation and served as Lead Director from 2005 to April 10, 2024. It said Armando Olivera has been appointed Lead Director effective as of the conclusion of the April 10, 2024 annual stockholders meeting.

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Original filing

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