LXP Industrial Trust 8-K, filed Jul 25, 2022
LXP Industrial Trust (LXP)
8-K
2022-07-25
For: 2022-07-21
View Original
Added on
April 12, 2026
About this 8-K
LXP Industrial Trust filed this 8-K on July 25, 2022, reporting on events of July 21, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): July 21, 2022
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | ||||||||||||||||
(212 ) 692-7200
Registrant's telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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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. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July 21, 2022, the Board of Trustees of LXP Industrial Trust, or the Trust, (1) increased the size of the Board of Trustees from eight trustees to nine trustees and (2) appointed Derrick L. Johnson as a member of the Board of Trustees. On July 21, 2022, the Trust issued a press release announcing Mr. Johnson’s appointment.
Mr. Johnson, age 52, has over two decades of strategic and operational roles at Agiliti and United Parcel Service (UPS). Mr. Johnson is a member of the Georgia Commission on Freight and Logistics. Mr. Johnson brings extensive experience across strategy, marketing, business development, finance and operations, specifically logistical operations within organizations ranging from startups to Fortune 50 corporations.
The Board of Trustees has determined that Mr. Johnson (1) has no material relationship with us or our affiliates or any member of our management or his or her affiliates, and (2) is “independent” under our Corporate Governance Guidelines and the New York Stock Exchange listing standards.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits | ||||
| 104 | Cover Page Interactive Data File (embedded within XBRL document) | ||||
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.
| LXP INDUSTRIAL TRUST | ||||||||
| Date: July 25, 2022 | By: | /s/ Joseph S. Bonventre | ||||||
| Joseph S. Bonventre | ||||||||
| Secretary | ||||||||
Exhibit 99.1
LXP INDUSTRIAL TRUST
TRADED: NYSE: LXP
ONE PENN PLAZA, SUITE 4015
NEW YORK, NY 10119-4015
FOR IMMEDIATE RELEASE
LXP Industrial Trust Appoints Derrick Johnson to Board of Trustees
Johnson Adds Strategy and Operations Expertise in the Logistics Sector
New York – July 21, 2022 – LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the appointment of Derrick Johnson to its Board of Trustees, effective immediately.
Mr. Johnson, Senior Vice President of Operations at Agiliti, brings extensive experience across strategy, marketing, business development, finance and operations within organizations ranging from startups to Fortune 50 corporations. Prior to joining Agiliti, Mr. Johnson spent 20 years with United Parcel Service (UPS) in a variety of strategic and operational roles, including as President of the Southeast.
“We are pleased to have Derrick Johnson join our Board of Trustees,” said T. Wilson Eglin, Chairman, Chief Executive Officer and President of LXP. “Derrick’s appointment reflects the Board’s commitment to continual refreshment and ensuring its members have experienced, diverse and independent perspectives. His background and knowledge of supply chain issues, logistics and operations in a company with a large platform like UPS aligns well with our warehouse and distribution focus. We look forward to working with Derrick and believe his insights will be valuable as we continue to execute on our business plan to maximize shareholder value.”
The appointment of Mr. Johnson increases the size of LXP’s Board to nine trustees, of which seven independent trustees have been added since 2015.
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments across the United States. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit www.lxp.com.
Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Senior Vice President, Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200
E-mail: hgentry@lxp.com