---
schema_version: "secwatch.filing_event.v1"
accession: "0000034903-23-000031"
form_type: "8-K"
ticker: null
cik: "0001901876"
company_name: "Federal Realty OP LP"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:02:43.244673+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Federal Realty boosts COO Berkes bonus target to 125%; adopts majority-vote resignation bylaw

## Summary
- Annual bonus target for President/COO Jeffrey S. Berkes raised to 125% of base salary.
- Bylaw amended: trustees failing to receive majority vote in uncontested election must cease within 90 days.
- No changes to other named executive officers' compensation arrangements.

## SEC filing metadata
- accession: 0000034903-23-000031
- form_type: 8-K
- cik: 0001901876
- company_name: Federal Realty OP LP
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901876/000003490323000031/0000034903-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34903/000003490323000031/frt-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034903-23-000031
- JSON: https://secwatch.observer/filing/0000034903-23-000031.json
- Plain text: https://secwatch.observer/filing/0000034903-23-000031.txt

## Key facts
- Governance Changes
  Federal Realty OP LP: Amended Bylaws to require that a Trustee who does not receive a majority vote in an uncontested election ceases to be a Trustee within 90 days, rather than submitting a resignation that the Board could reject (effective 2023-02-07).
  - Change: bylaw amendment
  - Effective: 2023-02-07
  source text: On February 7, 2023, the Board approved an amendment to the Company’s Amended and Restated Bylaws to provide that any Trustee who does not receive a majority of votes cast in an uncontested election will cease being a Trustee no later than ninety (90) days after such election.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901876/000003490323000031/0000034903-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.