Frp Holdings, Inc 8-K, filed Mar 12, 2024
Frp Holdings, Inc. (FRPH)
About this 8-K
Frp Holdings, Inc filed this 8-K on March 12, 2024, reporting on events of March 6, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On March 6, 2024, the board of directors of FRP Holdings, Inc. (the “Company”) unanimously voted to expand the size of the board of directors by one seat and elect David H. deVilliers, Jr. and Matthew S. McAfee to fill the vacancies on the board of directors (one of which resulted from the passing of Charles E. Commander), with their respective terms commencing on March 6, 2024.
David H. deVilliers, Jr.
Mr. deVilliers currently serves as the President of the Company and is a named executive officer whose compensation is discussed in the Company’s Annual Report on Form 10-K and Proxy Statement. He will not receive any additional compensation as a director of the Company. Mr. deVilliers will serve as the Vice Chairman of the board of directors.
Matthew S. McAfee
Matthew S. McAfee has been a practicing real estate lawyer for over 30 years. His practice focuses on commercial real estate transactions, commercial leasing and real estate project finance. In 2003, Mr. McAfee founded Driver McAfee Hawthrone & Diebenow, PLLC, located in Jacksonville, Florida, where he continues to practice. Mr. McAfee previously served as the Chairman of the Jacksonville Symphony Orchestra and the President of the Tree Hill Nature Center. He received a J.D from the University of Florida Levin College of Law and a B.S. from Duke University. Mr. McAfee brings extensive knowledge of the commercial real estate industry, valuable legal experience and experience in board leadership to the FRP Board.
Mr. McAfee, will receive director compensation consistent with the existing compensation arrangements for the Company’s non-employee directors. He will serve as a member of the Audit Committee and Compensation Committee and will serve as the chairman of the Nominating & Governance Committee of the board of directors.
Item 8.01 Other Events
On March 6, 2024, the Company issued a press release announcing that its board of directors approved a two-for-one stock split, which will be effected in the form of a stock dividend. The new shares will be distributed on April 12, 2024, to shareholders as of the close of business on the record date, April 1, 2024. A copy of the press release is attached to the Current Report on Form 8-K filed by the Company with the Commission on March 6, 2024.
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.
| FRP HOLDINGS, INC. | |||
| Registrant | |||
| Date: March 12, 2024 | By: | /s/John D. Baker III | |
| John D. Baker III | |||
| Chief Financial Officer | |||