UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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If an emerging growth company, indicate by check mark if the registrant has elected to not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant of Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement |
The information contained in Item 5.02 below is incorporated herein by reference.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
As previously announced, effective as of December 31, 2021, H. Malcolm Stewart retired as President and Chief Operating Officer of Camden Property Trust (the “Company”), D. Keith Oden became Executive Vice Chairman of the Board and President of the Company, and Laurie A. Baker became Executive Vice President-Chief Operating Officer of the Company. In connection with Mr. Stewart’s retirement, Camden Development, Inc., a wholly-owned subsidiary of the Company, and Mr. Stewart entered into a Separation Agreement and General Release of Claims, effective as of December 31, 2021, pursuant to which Mr. Stewart received various payments representing the anticipated value of previously accrued for amounts he would have been eligible to receive in February 2022 had he been an employee of the Company at such time.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Title | |
| 99.1 | Separation Agreement and General Release of Claims, effective as of December 31, 2021, between H. Malcolm Stewart and Camden Development, Inc. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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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.
Date: January 6, 2022
| CAMDEN PROPERTY TRUST | ||
| By: | /s/ Michael P. Gallagher | |
| Michael P. Gallagher | ||
| Senior Vice President - Chief Accounting Officer | ||
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