secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0000885508-23-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000012/0000885508-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000012/strs-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000012

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