---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-23-000012"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:24:31.210427+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885508-23-000012
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550823000012/0000885508-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550823000012/strs-20230323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000012
- JSON: https://secwatch.observer/filing/0000885508-23-000012.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000012.txt

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