Summary
Realty Income Corporation (O) announced a change to its Board of Directors via an 8-K filing on June 13, 2007. The company elected Greg McLaughlin to its Board, bringing the total number of directors to nine, with seven now classified as independent. Mr. McLaughlin's appointment strengthens the board's independence and adds significant business and legal expertise.
Key Highlights
- 1Greg McLaughlin elected to Realty Income's Board of Directors.
- 2Board size increased to nine members.
- 3Number of independent directors now stands at seven.
- 4Mr. McLaughlin will serve on the Nominating/Corporate Governance Committee.
- 5Mr. McLaughlin automatically received a grant of 4,000 common stock shares, vesting over three years.
- 6No undisclosed arrangements, family relationships, or related-party transactions exist between Mr. McLaughlin and the company.
- 7Mr. McLaughlin brings extensive experience in business, law, finance, and philanthropy, notably as President of the Tiger Woods Foundation.