secwatch.observer — SEC 8-K summary
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Issuer:     EQUITY LIFESTYLE PROPERTIES INC (ELS)
CIK:        0000895417
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0000895417-22-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895417/000089541722000006/0000895417-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895417/000089541722000006/els-20220207.htm
  HTML page:      https://secwatch.observer/filing/0000895417-22-000006

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