Stratus Properties reclassifies director Charles W. Porter and reduces board size to 7

STRATUS PROPERTIES INC

Charles W. Porter moved from Class III (term until 2025) to Class II (term until 2024) to fill vacancy from James C. Leslie's Nov 2022 retirement.
Board size reduced from 8 to 7 directors to rebalance classes as nearly equal as required by charter.
Current classes: Class I (Dotter, Joseph, Madden) expiring 2023; Class II (Porter, Rhone) expiring 2024; Class III (Armstrong, Henriksen) expiring 2025.
Porter remains designated director for LCHM Holdings under Investor Rights Agreement; no committee assignments.

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