---
schema_version: "secwatch.filing_event.v1"
accession: "0000844059-24-000036"
form_type: "8-K"
ticker: "FRPH"
cik: "0000844059"
company_name: "FRP HOLDINGS, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:36:32.238692+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FRP Holdings appoints John D. Baker III as CEO, Matthew C. McNulty as CFO; CEO Baker II retires but remains Chairman

## Summary
- 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.

## SEC filing metadata
- accession: 0000844059-24-000036
- form_type: 8-K
- ticker: FRPH
- cik: 0000844059
- company_name: FRP HOLDINGS, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/frphappoint_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000844059-24-000036
- JSON: https://secwatch.observer/filing/0000844059-24-000036.json
- Plain text: https://secwatch.observer/filing/0000844059-24-000036.txt

## Key facts
- Executive change
  David H. deVilliers, Jr. resigned as Chief Operating Officer at FRP HOLDINGS, INC..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- Executive change
  John D. Baker III was appointed as Chief Executive Officer at FRP HOLDINGS, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board of Directors unanimously appointed John D. Baker III as the Company’s Chief Executive Officer, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- Executive change
  David H. deVilliers, III was appointed as Chief Operating Officer at FRP HOLDINGS, INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: the Board of Directors unanimously appointed David H. deVilliers, III as the Chief Operating Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- Executive change
  John D. Baker III was appointed as Director at FRP HOLDINGS, INC..
  - Action: appointed
  - Role: Director
  source text: voted to expand the size of the Board of Directors by one seat and appointed John D. Baker III as a director
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- Executive change
  John D. Baker II retired as Chief Executive Officer at FRP HOLDINGS, INC..
  - Action: retired
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm
- Executive change
  Matthew C. McNulty was appointed as Chief Financial Officer at FRP HOLDINGS, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors unanimously appointed Matthew C. McNulty as the Company’s Chief Financial Officer. His employment will be effective May 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/844059/000084405924000036/0000844059-24-000036-index.htm

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