8-KLeadership ChangesExhibits & Filings

ESSEX PROPERTY TRUST, INC. 8-K Report, Executive Changes (May 7, 2015)

Filed May 7, 2015For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) announced a key leadership transition in its May 7, 2015, 8-K filing. Michael Dance, the current Chief Financial Officer, will retire from his position effective September 30, 2015. Mr. Dance will remain with the company in an advisory capacity until January 2016, ensuring a smooth handover. His departure is amicable and not a result of any disagreements with the company. Angela Kleiman, currently the Senior Vice President of Portfolio Management, has been appointed to succeed Mr. Dance as CFO, also effective September 30, 2015. Ms. Kleiman joined Essex Property Trust in 2009 and has since expanded her responsibilities to include economic research, financial planning and analysis, and investor relations. Her extensive background in REIT investment banking and management, coupled with her internal experience, positions her well for this critical role. The company also issued a press release on May 6, 2015, which is included as an exhibit.

Key Highlights

  • 1Michael Dance, CFO, to retire effective September 30, 2015, with an advisory role until January 2016.
  • 2Angela Kleiman appointed as the new Chief Financial Officer, effective September 30, 2015.
  • 3Ms. Kleiman's appointment is not the result of any arrangements with other persons and she has no disclosable transactions.
  • 4Ms. Kleiman has a strong background with over 15 years in REIT investment banking and management.
  • 5Ms. Kleiman joined Essex Property Trust in 2009 and has held significant roles in portfolio management, financial planning, and investor relations.
  • 6Mr. Dance's retirement is amicable and not due to any disagreements with the company.
  • 7A press release dated May 6, 2015, is filed as an exhibit.

Frequently Asked Questions

Michael Dance is retiring from his position as Chief Financial Officer. His retirement is amicable and not due to any disagreements with Essex Property Trust, Inc. regarding its operations, policies, or practices.

Angela Kleiman, the current Senior Vice President of Portfolio Management, has been appointed to succeed Michael Dance as Chief Financial Officer. The transition will be effective September 30, 2015.

Angela Kleiman has over 15 years of professional experience in REIT investment banking and investment management. She joined Essex Property Trust in 2009 and has since led its co-investment platform and taken on responsibilities in economic research, financial planning and analysis, and investor relations. She holds an MBA from Kellogg School of Management and a BS from Northwestern University.

Yes, following his retirement as CFO on September 30, 2015, Michael Dance will continue to serve the company in an advisory capacity until January 2016.