W. P. Carey Inc 8-K, filed Sep 18, 2020
W. P. Carey Inc. (WPC)
8-K
2020-09-18
For: 2020-09-17
View Original
Added on
April 10, 2026
About this 8-K
W. P. Carey Inc filed this 8-K on September 18, 2020, reporting on events of September 17, 2020.
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): September 17, 2020
(Exact Name of Registrant as Specified in its Charter)
(State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |
(Address of principal executive offices) | (Zip Code) | ||
Registrant’s telephone number, including area code: (212 ) 492-1100
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
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):
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).
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 Agreements of Certain Officers.
Effective as of September 17, 2020, Tonit M. Calaway, age 52, was elected to the Board of Directors of W. P. Carey Inc. (the “Company”). Ms. Calaway was appointed to the Compensation and Investment Committees of the Board of Directors of the Company.
Ms. Calaway will be eligible to participate in the Company’s standard non-employee director compensation program on a prorated basis, including being eligible to receive an annual cash retainer and an annual grant of restricted stock under the W. P. Carey Inc. 2017 Share Incentive Plan, as described further in the Company’s proxy statement for its 2020 annual meeting of stockholders, which was filed with the Securities and Exchange Commission on April 9, 2020. There are no other understandings or arrangements between Ms. Calaway or any other person and the Company or any of its subsidiaries pursuant to which Ms. Calaway was appointed to serve as a director. There are no transactions between Ms. Calaway or any of her immediate family members and the Company or any of its subsidiaries that would be required to be reported under Item 404(a) of Regulation S-K.
On September 18, 2020, the Company issued a press release announcing the election of Ms. Calaway to the Board of Directors. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 — Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | ||
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, thereunto duly authorized.
W. P. Carey Inc. | |||
Date: | September 18, 2020 | By: | /s/ Susan C. Hyde |
Susan C. Hyde | |||
Chief Administrative Officer | |||
Exhibit 99.1
W. P. Carey Inc. Appoints Tonit M. Calaway to Board of Directors
NEW YORK – SEPTEMBER 18, 2020 – W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, today announced the appointment of Tonit M. Calaway to its Board of Directors. Ms. Calaway is Executive Vice President and Chief Legal Officer and Secretary at BorgWarner Inc., a worldwide automotive industry components and parts supplier.
Jason Fox, Chief Executive Officer and Board Member of W. P. Carey, said: “We are thrilled to welcome Tonit to our Board of Directors. Tonit’s diverse background in both human resources and legal, as well as her expertise in the automotive and industrial sectors will serve as an invaluable resource as we continue to grow our portfolio. We are also excited to leverage Tonit’s knowledge and experience with respect to sustainability to help inform our evolving Environmental, Social and Governance strategy. I’m confident her skills and unique perspectives will make her a tremendous addition to our Board.”
Prior to serving as Chief Legal Officer at BorgWarner Inc., Ms. Calaway was the Chief Human Resources Officer, where she was responsible for the strategic direction of over 300 human resources employees across more than 60 locations worldwide. She also previously served as the Vice President of Human Resources at Harley-Davidson, Inc. and President of the Harley-Davidson Foundation, a philanthropic organization focused on enabling student success, building healthy and sustainable neighborhoods, and improving local communities.
Ms. Calaway currently serves as a board member of Astronics Corporation, a publicly traded aerospace electronics company. Ms. Calaway has also previously served on the Board of Directors of Black Arts MKE, a local arts funding organization in Milwaukee, WI, Froedtert Health, Inc. and the Boys & Girls Club of Greater Milwaukee.
Ms. Calaway received a B.A. in Political Science from the University of Wisconsin-Milwaukee and a J.D. from the University of Chicago. She was also listed as one of Savoy Magazine’s ‘Most Influential Women in Corporate America’ in 2019.
“I am delighted to join the W. P. Carey Board of Directors,” said Ms. Calaway. “I admire W. P. Carey’s longstanding commitment to both its shareholders and to its communities, and I look forward to working with my fellow board members to help shape the Company’s growth in the years to come.”
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W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,216 net lease properties covering approximately 142 million square feet as of June 30, 2020. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
Press Contact:
Guy Lawrence
Ross & Lawrence
212-308-3333