Apollo Commercial Real Estate Finance, Inc 8-K, filed Feb 6, 2020
Apollo Commercial Real Estate Finance, Inc. (ARI)
About this 8-K
Apollo Commercial Real Estate Finance, Inc filed this 8-K on February 6, 2020, reporting on events of February 3, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 3, 2020, the Board of Directors (the “Board”) of Apollo Commercial Real Estate Finance, Inc. (the “Company”) elected Ms. Brenna Haysom to serve as an independent director, effective February 3, 2020. In addition, the Board appointed Ms. Haysom to serve as a member of the Nominating and Corporate Governance Committee and the Compensation Committee. The Board has determined that Ms. Haysom is an independent director in accordance with the applicable rules of the Securities and Exchange Commission and the New York Stock Exchange. She was not selected as a director pursuant to any arrangement or understanding with any other person and she does not have any reportable transactions under Item 404(a) of Regulation S-K. For her services as an independent director of the Company, Ms. Haysom will receive an annual retainer of $175,000, $75,000 of which will be paid in cash and $100,000 of which will be paid in shares of restricted common stock or other equity awards of the Company. These shares of restricted common stock vest in full on the anniversary of the date of grant. In addition, for her services as a member of the Nominating and Corporate Governance Committee and the Compensation Committee, Ms. Haysom will receive $2,500 and $5,000, respectively. Ms. Haysom will enter into an indemnification agreement with the Company in connection with her election.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Apollo Commercial Real Estate Finance, Inc. | ||||||
| By: |
/s/ Stuart A. Rothstein | |||||
| Name: |
Stuart A. Rothstein | |||||
| Title: |
President and Chief Executive Officer | |||||
Date: February 6, 2020