---
schema_version: "secwatch.filing_event.v1"
accession: "0000104894-26-000004"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:20:13.421270+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000104894-26-000004
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000010489426000004/0000104894-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000010489426000004/elme-20260121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104894-26-000004
- JSON: https://secwatch.observer/filing/0000104894-26-000004.json
- Plain text: https://secwatch.observer/filing/0000104894-26-000004.txt

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