8-KLeadership ChangesRegulation FD

REALTY INCOME CORP 8-K Report, Executive Changes (Dec 4, 2015)

Filed December 4, 2015For Securities:O

Summary

Realty Income Corporation (O) filed an 8-K report on December 3, 2015, detailing significant executive leadership changes. Effective November 30, 2015, Sumit Roy was promoted to President while retaining his Chief Operating Officer role. Additionally, Neil M. Abraham was appointed Executive Vice President and Chief Investment Officer, having previously served as Senior Vice President of Investments. These appointments signal a shift in operational and investment leadership within the company. The report also announced the upcoming departure of Richard G. Collins, Executive Vice President of Portfolio Management, effective December 31, 2015. Mr. Collins is expected to receive severance benefits according to his employment agreements. The company issued a press release on December 1, 2015, to announce these changes, which is furnished as an exhibit to this filing.

Key Highlights

  • 1Sumit Roy appointed President, retaining COO title.
  • 2Neil M. Abraham appointed Executive Vice President, Chief Investment Officer.
  • 3Richard G. Collins, Executive Vice President, Portfolio Management, to depart on December 31, 2015.
  • 4Appointments are effective November 30, 2015.
  • 5Departure of Mr. Collins is planned as a non-cause termination.
  • 6Company anticipates Mr. Collins will receive severance benefits.
  • 7Press release issued on December 1, 2015, to announce these changes.

Frequently Asked Questions

Realty Income Corporation announced that Sumit Roy has been appointed President, while continuing as Chief Operating Officer. Neil M. Abraham has been appointed Executive Vice President and Chief Investment Officer. Additionally, Richard G. Collins, Executive Vice President of Portfolio Management, will be departing the company.

The appointments of Sumit Roy as President and Neil M. Abraham as Executive Vice President, Chief Investment Officer are effective as of November 30, 2015. Richard G. Collins' departure is effective as of December 31, 2015.

The company anticipates that Mr. Collins will be eligible to receive severance payments and benefits in accordance with the non-cause termination provisions of his existing employment agreement and applicable equity-based award agreements.

Information about Mr. Roy, including his biographical summary and business experience, can be found in the Company’s definitive proxy statement for the 2015 Annual Meeting of Stockholders, filed on Schedule 14A on March 27, 2015.