Green Brick Partners, Inc 8-K, filed Sep 15, 2020
Green Brick Partners, Inc. (GRBK)
8-K
2020-09-15
For: 2020-09-10
View Original
Added on
April 04, 2026
About this 8-K
Green Brick Partners, Inc filed this 8-K on September 15, 2020, reporting on events of September 10, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 10, 2020
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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.
(c)
On September 10, 2020, Jed Dolson was appointed to the newly created position of Chief Operating Officer of Green Brick Partners, Inc., a Delaware corporation (the “Company”). Mr. Dolson has been an advisor to the Company since 2010 and joined the Company in September 2013, serving most recently as President of Texas Region, and previously as Head of Land Acquisition and Development from September 2013 until October 2017.
Information required pursuant to Item 401(b), Item 401(d) and Item 404(a) of Regulation S-K is incorporated herein by reference from the Company’s Proxy Statement for its 2020 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on April 29, 2020.
(e)
On September 10, 2020, the Company has entered into a new employment agreement (the “Employment Agreement”) with Mr. Dolson renewing the term of his employment for an additional three years, subject to further extensions thereafter. The Employment Agreement, which is effective October 27, 2020, increases Mr. Dolson’s annual base salary to $600,000. In addition, pursuant to the Employment Agreement Mr. Dolson is eligible to receive an annual bonus under the Company’s 2014 Omnibus Equity Incentive Plan, as it may be amended from time to time, with a target bonus amount of $1,506,000 for the fiscal year ending December 31, 2021, $1,700,000 for 2022 and $1,800,000 for 2023. Payment of the bonus is contingent upon the achievement of performance goals established and assessed solely at the discretion of the board of directors of the Company (the “Board”) or, to the extent delegated, the Compensation Committee of the Board. The annual bonus may be payable partially in cash and partially in equity, as determined by the Company.
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.
GREEN BRICK PARTNERS, INC. | ||||||||
| By: | /s/ James R. Brickman | |||||||
James R. Brickman | ||||||||
Chief Executive Officer | ||||||||
Date: September 15, 2020