Summary
Equity Residential (EQR) filed an 8-K on June 21, 2017, primarily announcing a key executive transition. Bruce C. Strohm, Executive Vice President and General Counsel since 1995, will retire effective January 1, 2018. He will be succeeded by Scott J. Fenster, the current Senior Vice President – Legal. This change marks the end of a long tenure for Mr. Strohm and brings in Mr. Fenster, who has been with the company since 2003 and possesses significant experience in capital markets, real estate, and corporate law. The filing also details the terms of Mr. Strohm's retirement. He is eligible for a bonus and equity grant for his 2017 service, determined by the Compensation Committee, and will receive previously disclosed retirement benefits. Importantly, no severance will be paid to Mr. Strohm upon his retirement. The press release announcing this transition is included as an exhibit.
Key Highlights
- 1Bruce C. Strohm, Executive Vice President and General Counsel, to retire effective January 1, 2018.
- 2Scott J. Fenster, currently Senior Vice President – Legal, will succeed Mr. Strohm.
- 3Mr. Strohm has served as General Counsel since 1995.
- 4Mr. Fenster joined Equity Residential in 2003 and has broad legal and transactional experience.
- 5Mr. Strohm is eligible for a 2017 bonus and equity grant, and previously disclosed retirement benefits.
- 6No severance payment will be made to Mr. Strohm upon his retirement.
- 7The announcement was made via a press release filed as an exhibit.