The company said it appointed Ann C. Hoff and Nina P. Jones as Trustees on March 19, 2024, which increased the size of its Board of Trustees from 9 to 11.

1. 01

   The company said it appointed Ann C. Hoff and Nina P. Jones as Trustees on March 19, 2024, which increased the size of its Board of Trustees from 9 to 11.

2. 02

   The company said it assigned Hoff to the Audit Committee and Jones to the Audit and Corporate Governance Committees. It said it has determined that both are independent of the company and its management under New York Stock Exchange listing standards.

3. 03

   The company said Hoff and Jones will each receive an annual cash retainer of $90,000, an annual retainer of $190,000 paid in share options, restricted shares and/or restricted units, and an annual cash retainer of $15,000 for Audit Committee service. Jones will also receive an annual cash retainer of $10,000 for Corporate Governance Committee service. All amounts will be prorated from the date of appointment to the date of the company's 2024 Annual Meeting of Shareholders.

4. 04

   The company said Hoff has served as President and Chief Operating Officer of Bellagio and Park MGM at MGM Resorts International since December 2020. It said Jones recently retired from T. Rowe Price, where she most recently served as Vice President, Portfolio Manager, of the U.S. Real Estate Equity Strategy.

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Original filing

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