Elme Communities updates liquidation: estimated additional dist. $2.90-$3.50/sh, CFO change

Elme Communities

Directors Goitia and Sturzenegger will resign after 10-K filing, not due to disagreements.
CFO Freishtat to step down after 10-K filing; Drew Hammond appointed CFO, EVP.
Retention agreements for four execs: payments totaling $5.06M (McDermott), $1.20M (Freishtat), $1.03M (Hammond), $1.66M (Butcher).
New STIP ties bonuses to liquidating distributions ($3.20/sh target) and asset sale timing (target July 31, 2026).
Two purchase agreements signed for three of ten remaining properties, expected gross proceeds ~$155M.

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