Roger Maynard to retire as EVP – Investments on March 31, 2022; Michael Bailey succeeds him

EQUITY LIFESTYLE PROPERTIES INC

Roger Maynard to retire as EVP – Investments effective March 31, 2022; enters 12-month consulting agreement with $83,333/month fee plus $200K annual bonus opportunity.
Michael Bailey, SVP – Investments (joined 2015), will assume duties for acquisition and investment opportunities.
Compensation Committee approved 2022 Executive Bonus Plan: CEO bonus potential 290% of salary; other execs 220%.
70% of bonus based on operational targets; 30% discretionary; potential additional $553,285 for exceeding targets.

item 5.02

Executive movements

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Departed

Roger Maynard

Executive Vice President – Investments

ELS · EQUITY LIFESTYLE PROPERTIES INC

Effective: 2022-03-31
Successor: Michael Bailey
Filed: February 11, 2022, 6:59 PM ET

announced the retirement of Roger Maynard as Executive Vice President – Investments effective March 31, 2022.

Appointed

Michael Bailey

Senior Vice President – Investments

ELS · EQUITY LIFESTYLE PROPERTIES INC

Filed: February 11, 2022, 6:59 PM ET

Michael Bailey, Senior Vice President – Investments, will assume the duties of Mr. Maynard with respect to acquisition and investment opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger Maynard retired as Executive Vice President – Investments at EQUITY LIFESTYLE PROPERTIES INC.

Action: retired
Role: Executive Vice President – Investments

Exact text from the filing

announced the retirement of Roger Maynard as Executive Vice President – Investments effective March 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Michael Bailey was appointed as Senior Vice President – Investments at EQUITY LIFESTYLE PROPERTIES INC.

Action: assumed duties
Role: Senior Vice President – Investments

Exact text from the filing

Michael Bailey, Senior Vice President – Investments, will assume the duties of Mr. Maynard with respect to acquisition and investment opportunities.

View on SEC.gov

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Source: SEC EDGAR

accession 0000895417-22-000006

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