secwatch.observer — SEC 8-K summary
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Issuer:     Federal Realty OP LP (—)
CIK:        0001901876
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000034903-24-000073
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federal Realty President & COO Berkes to depart Dec 31; CEO Wood reassumes President role
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- President & COO Jeffrey S. Berkes departs effective Dec 31, 2024; position not backfilled.
- CEO Donald C. Wood reassumes additional role of President after Berkes' departure.
- Berkes receives severance per 2021 agreement; one-year consulting deal for acquisition activity.
- Expected Q4 2024 charge of ~$0.04/diluted share for net income and FFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901876/000003490324000073/0000034903-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34903/000003490324000073/frt-20241114.htm
  HTML page:      https://secwatch.observer/filing/0000034903-24-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer