What are the key leadership changes announced by Realty Income Corporation?

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.

When are these executive changes effective?

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.

Will Richard G. Collins receive any compensation upon his departure?

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.

Where can I find more information about the newly appointed President, Sumit Roy?

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.

O 8-K: Leadership Changes & Regulation FD

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.

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

Summary

Key Highlights

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