secwatch.observer — SEC 8-K summary
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Issuer:     Elme Communities (ELME)
CIK:        0000104894
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000104894-23-000068
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elme Communities appoints Tiffany Butcher as EVP & COO effective July 10, 2023
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- Annual base salary of $425,000; eligible for short-term (target 93% of salary) and long-term (target 190% of salary) incentive plans.
- Granted $100,000 in restricted shares vesting in three equal annual installments beginning July 10, 2024.
- Butcher previously Chief Residential Officer at JBG SMITH, overseeing 11,000+ multifamily apartments in the Washington, DC area.
- Role planned and budgeted; she will lead operational initiatives to maximize net operating income.
- Also enters change in control and indemnification agreements standard for Elme executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000068/0000104894-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104894/000010489423000068/elme-20230628.htm
  HTML page:      https://secwatch.observer/filing/0000104894-23-000068

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