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The company said it appointed Michael D. Lacy, previously Senior Vice President – Operations, as Chief Operating Officer effective January 1, 2025. The company said it has not entered into any new compensation arrangements with Lacy in connection with the appointment.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it appointed Michael D. Lacy, previously Senior Vice President – Operations, as Chief Operating Officer effective January 1, 2025. The company said it has not entered into any new compensation arrangements with Lacy in connection with the appointment.

  2. The company said Lacy, who is 43 years old, joined it in November 2006 and was promoted to Director of Pricing and Revenue Management in November 2010, to Vice President - Property Operations in January 2016, and to Senior Vice President - Operations in January 2019.

  3. Joseph D. Fisher, the company’s President and Chief Financial Officer, was appointed Chief Investment Officer as of January 1, 2025. The company said Fisher will take on added responsibility for overseeing investment and development functions.

  4. The company said it will initiate an executive search process to recruit a new Chief Financial Officer. It explained that once a new CFO is successfully hired, Mr. Fisher will relinquish his CFO role and retain the roles of President and Chief Investment Officer.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Michael D. Lacy Promoted to Chief Operating Officer

The company said it appointed Michael D. Lacy, previously Senior Vice President – Operations, as Chief Operating Officer effective January 1, 2025. The company said it has not entered into any new compensation arrangements with Lacy in connection with the appointment.

Source · Based on the filing body and exhibits

Lacy’s Start Date and Career History

The company said Lacy, who is 43 years old, joined it in November 2006 and was promoted to Director of Pricing and Revenue Management in November 2010, to Vice President - Property Operations in January 2016, and to Senior Vice President - Operations in January 2019.

Source · Based on the filing body and exhibits

Joseph D. Fisher Adds Chief Investment Officer Role

Joseph D. Fisher, the company’s President and Chief Financial Officer, was appointed Chief Investment Officer as of January 1, 2025. The company said Fisher will take on added responsibility for overseeing investment and development functions.

Source · Based on the filing body and exhibits

Search for New Chief Financial Officer

The company said it will initiate an executive search process to recruit a new Chief Financial Officer. It explained that once a new CFO is successfully hired, Mr. Fisher will relinquish his CFO role and retain the roles of President and Chief Investment Officer.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.