Sun Communities appoints John B. McLaren as COO, amends employment agreement; Bruce D. Thelen departs

SUN COMMUNITIES INC

John B. McLaren, previously President, appointed COO with additional operations oversight; age 55, 24-year company veteran.
Amended employment agreement: 3-year term, base salary $600k, target bonus 150% of base, severance 1.5x (salary+bonus) for without cause/good reason termination.
Bruce D. Thelen departed as EVP and COO to focus on other opportunities, effective March 9, 2026.

item 5.02 item 9.01

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