secwatch.observer — SEC 8-K summary
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Issuer:     CENTERSPACE (CSR)
CIK:        0000798359
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000798359-23-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/0000798359-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798359/000079835923000025/iret-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000798359-23-000025

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