Results
STAG Industrial Inc.
07/03/2024 | Press release | Distributed by Public on 07/03/2024 14:14
Management Change/Compensation Form 8 K
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 28, 2024, the Board of Directors (the "Board") of STAG Industrial, Inc. (the "Company") increased the size of the Board from 10 members to 11 members and appointed Vicki Lundy Wilbon to the Board, effective as of July 1, 2024, and subject to re-election at the next annual meeting of stockholders to be held in 2025.
Since 1995, Ms. Wilbon has worked at The Integral Group LLC ("Integral"), a real estate firm focused on master planned, mixed-use, transit-oriented, multi-family, and senior housing development to revitalize urban areas. She has served as Executive Vice President since 2016 and a Principal of Integral since 2003. In these roles, Ms. Wilbon helps develop corporate policy, and manage the achievement of strategic goals. Since 2021, she has also served as President of Real Estate Development and Management, managing Integral's community development, conventionally financed development and property management activities. Before joining Integral, Ms. Wilbon held various real estate construction and development positions at different companies. Ms. Wilbon serves on the Saint Joseph Health System (Atlanta) Board of Directors, the Georgia State University Honors College Board of Advisors, and the Board of Directors of the Reinvestment Fund. Ms. Wilbon holds a Bachelor of Science degree from Purdue University.
Ms. Wilbon will receive the standard compensation provided by the Company to its other non-management directors for services as a director. Additionally, in connection with Ms. Wilbon's appointment to the Board, the Company and Ms. Wilbon will enter into an indemnification agreement in substantially the same form as the Company has entered with each of the Company's other directors. Ms. Wilbon is not a party to any arrangement or understanding with any person pursuant to which she was appointed as a director, nor is she a party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company or any of its subsidiaries.