8-K
Hudson Pacific Properties, Inc. (HPP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
_________________________________
CURRENT REPORT
Pursuant to Section 13 OR 15 (d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 2, 2025
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Hudson Pacific Properties, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-34789 | 27-1430478 |
|---|---|---|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
| 11601 Wilshire Blvd., Ninth Floor | ||
| --- | --- | --- |
| Los Angeles, | California | 90025 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (310) 445-5700
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 par value | HPP | New York Stock Exchange |
| 4.750% Series C Cumulative Redeemable Preferred Stock | HPP Pr C | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 2, 2025, Mr. Jonathan Glaser notified the board of directors (the “Board”) of Hudson Pacific Properties, Inc. (the “Company”) of his resignation from the Board after 15 years of service, effective immediately, due to his desire to devote more of his time to other professional commitments. In tendering his resignation, Mr. Glaser expressed no disagreement with the Company.
On December 2, 2025, the Board voted to appoint Mr. Jon Bortz as Mr. Glaser’s successor, effective immediately. Mr. Bortz will serve on the Audit and Compensation Committees of the Board, also succeeding Mr. Glaser in those roles.
Mr. Bortz will be compensated for his service on the Board in accordance with the Company’s Non-Employee Director Compensation Plan. In addition, the Company and Mr. Bortz expect to enter into the Company’s standard form of indemnification agreement for its non-employee directors to be effective as of December 2, 2025, which requires the Company to indemnify each indemnitee to the fullest extent permitted by the Maryland General Corporation Law. For a description of the Company’s indemnification agreements, please see the Company’s Proxy Statement for its 2015 annual meeting of stockholders, filed with the Securities and Exchange Commission on April 2, 2015.
Mr. Bortz is Founder, Chairman of the Board, and Chief Executive Officer of Pebblebrook Hotel Trust and Founder and Chairman of Curator Hotel & Resort Collection. Mr. Bortz was Founder and served as President, Chief Executive Officer and a Trustee of LaSalle Hotel Properties, a publicly traded hotel REIT, from its formation in April 1998 until his retirement in September 2009. In addition, he served as Chairman of the Board of LaSalle Hotel Properties from January 1, 2001 until his retirement. Prior to forming LaSalle Hotel Properties, Mr. Bortz founded the Hotel Investment Group of Jones Lang LaSalle Incorporated in January 1994 and as its President oversaw all of Jones Lang LaSalle’s hotel investment and development activities. From January 1995 to April 1998, as Managing Director of Jones Lang LaSalle’s Investment Advisory Division, he was also responsible for certain East Coast development projects. From January 1990 to 1995, he was a Senior Vice President of Jones Lang LaSalle’s Investment Division, with responsibility for East Coast development projects and workouts. Mr. Bortz joined Jones Lang LaSalle in 1981. He currently serves as member of the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT, and served on the board of trustees for Federal Realty Investment Trust. There are no arrangements or understandings between Mr. Bortz and any other person pursuant to which Mr. Bortz was appointed as a director, and Mr. Bortz is not a party to any transaction with the Company reportable pursuant to Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On December 3, 2025, the Company issued a press release announcing the appointment of Mr. Bortz to its Board, effective December 2, 2025. A copy of the press release is furnished herewith as Exhibit 99.1. The information being furnished pursuant to this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or the Exchange Act, or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of
1934.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1** | Press release datedDecember 3, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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** Furnished herewith.
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.
| HUDSON PACIFIC PROPERTIES, INC. | |||
|---|---|---|---|
| Date: | December 3, 2025 | By: | /s/ Mark Lammas |
| Mark Lammas<br>President |
Document
Exhibit 99.1
| Hudson Pacific Properties, Inc. |
|---|
| Press Release |
Hudson Pacific Appoints Jon Bortz to Board of Directors
LOS ANGELES (December 3, 2025)—Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the election of Jon Bortz to the company’s Board of Directors, and the retirement of Jonathan Glaser, both effective December 2, 2025.
Bortz is the Founder, Chairman & CEO of Pebblebrook Hotel Trust (NYSE: PEB), which he launched in 2009 and grew into the largest owner of urban and resort lifestyle hotels in the U.S. He also founded and serves as Chairman of the Curator Hotel & Resort Collection, a collection of boutique and lifestyle independent hotels and resorts. Before that, Bortz founded LaSalle Hotel Properties (NYSE: LHO), serving as CEO and later Chairman, where he consistently outperformed its hotel REIT peers. He also spearheaded the strategic acquisition of LaSalle Hotel Properties by Pebblebrook for $5.5 billion.
“Jon Bortz is a widely respected and accomplished executive who will bring a unique perspective to our Board of Directors,” said Victor Coleman, Hudson Pacific’s Chairman and CEO. “His strategic vision, combined with four decades of experience founding, scaling and leading highly successful public REITs, will be invaluable to Hudson Pacific as we continue to reposition and strengthen our platform.”
Coleman added, “We are also profoundly grateful for Jonathan Glaser’s many years of service. Since our IPO, his strategic insight, commitment to strong governance and steady leadership have been instrumental in guiding the company through pivotal moments and advancing our long-term vision.”
Glaser commented, “Serving on Hudson Pacific’s Board for the past 15 years has been a privilege, and collaborating with such a dedicated and capable team has been incredibly rewarding. I am confident that Jon Bortz’s experience and insights will further strengthen the company and contribute meaningfully to long-term value creation for shareholders."
About Hudson Pacific Properties
Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters
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Exhibit 99.1
| Hudson Pacific Properties, Inc. |
|---|
| Press Release |
that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company's control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the company's Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.
Investor Contact
Laura Campbell
Executive Vice President, Investor Relations & Marketing
(310) 622-1702
lcampbell@hudsonppi.com
Media Contact
Laura Murray
Vice President, Communications
(310) 622-1781
lmurray@hudsonppi.com
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