Centerspace appoints Anne Olson as President and CEO, succeeding Mark Decker Jr.

CENTERSPACE

Anne Olson promoted to President and CEO effective March 31, 2023; also joins the Board of Trustees.
Mark Decker Jr. separates from CEO role by mutual agreement; receives $2.1M lump-sum severance plus benefits.
Olson receives $450k base salary, 100% STIP target, 200% LTIP target, $300k stock award, $100k retention bonus.
CFO Bhairav Patel receives $150k stock award and $100k retention bonus to ensure smooth transition.
Company closed $144M in non-core asset sales under Decker's leadership, focusing on multifamily portfolio.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Anne Olson

Trustee

CSR · CENTERSPACE

Effective: 2023-03-31
Filed: March 23, 2023, 7:59 PM ET

The Board also approved Ms. Olson’s appointment to serve as a Trustee on the Company’s Board, effective as of March 31, 2023.

Role change

Anne Olson

President and Chief Executive Officer

CSR · CENTERSPACE

Effective: 2023-03-31
Filed: March 23, 2023, 7:59 PM ET

On March 23, 2023, the Board of Trustees (the “Board”) of Centerspace, a North Dakota real estate investment trust (the “Company”), approved the appointment of Anne Olson to serve as President and Chief Executive Officer of the Company, effective March 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anne Olson was appointed as Trustee at CENTERSPACE.

Action: appointed
Role: Trustee

Exact text from the filing

The Board also approved Ms. Olson’s appointment to serve as a Trustee on the Company’s Board, effective as of March 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anne Olson was appointed as President and Chief Executive Officer at CENTERSPACE.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On March 23, 2023, the Board of Trustees (the “Board”) of Centerspace, a North Dakota real estate investment trust (the “Company”), approved the appointment of Anne Olson to serve as President and Chief Executive Officer of the Company, effective March 31, 2023.

View on SEC.gov

CENTERSPACE filing history →

Source: SEC EDGAR

accession 0000798359-23-000025

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