8-K
filed May 14, 2024, 7:59 PM ET
ticker FRPH
CIK 0000844059
leadership
confidence high
sentiment neutral
materiality 0.65
FRP Holdings appoints John D. Baker III as CEO, Matthew C. McNulty as CFO; CEO Baker II retires but remains Chairman
FRP HOLDINGS, INC.
- John D. Baker II retired as CEO effective May 8, 2024, remains Chairman; son John D. Baker III (age 39, former CFO) appointed CEO and director.
- New CEO John D. Baker III receives base salary $355,100, bonus up to 100%, stock and option grants with performance vesting.
- David H. deVilliers III (age 46, former Exec VP) appointed COO; deVilliers Jr. remains President and Vice Chairman.
- Matthew C. McNulty (age 50, ex-Patriot CFO) appointed CFO effective May 31, 2024; prorated base salary $290,000, bonus up to 60%.
- McNulty receives equity grants totaling $325,000 in value, with multi-year cliff and performance vesting.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David H. deVilliers, Jr. resigned as Chief Operating Officer at FRP HOLDINGS, INC..
- Action
- resigned
- Role
- Chief Operating Officer
Exact text from the filing
David H. deVilliers, Jr., President and Chief Operating Officer of the Company and Vice Chairman of the Board of Directors, resigned from his position as Chief Operating Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Baker III was appointed as Chief Executive Officer at FRP HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board of Directors unanimously appointed John D. Baker III as the Company’s Chief Executive Officer, effective immediately
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David H. deVilliers, III was appointed as Chief Operating Officer at FRP HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
the Board of Directors unanimously appointed David H. deVilliers, III as the Chief Operating Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Baker III was appointed as Director at FRP HOLDINGS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
voted to expand the size of the Board of Directors by one seat and appointed John D. Baker III as a director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John D. Baker II retired as Chief Executive Officer at FRP HOLDINGS, INC..
- Action
- retired
- Role
- Chief Executive Officer
Exact text from the filing
John D. Baker II, Chief Executive Officer and Chairman of the Board of Directors of FRP Holdings, Inc. (the “ Company ”) announced his retirement from his position as Chief Executive Officer, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew C. McNulty was appointed as Chief Financial Officer at FRP HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
the Board of Directors unanimously appointed Matthew C. McNulty as the Company’s Chief Financial Officer. His employment will be effective May 31, 2024.
View on SEC.gov
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