8-K
filed October 19, 2021, 7:59 PM ET
ticker KRG
CIK 0001286043
M&A
confidence high
sentiment positive
materiality 0.90
Kite Realty shareholders and RPAI stockholders approve merger; closing expected Oct 22
KITE REALTY GROUP TRUST
- KRG shareholders approved share issuance (99.7% for) and authorized share increase to 490M; RPAI stockholders approved merger (98.1% for).
- Merger expected to close on October 22, 2021; exchange ratio of 0.623 KRG shares per RPAI share.
- Board to expand to 13 trustees at closing, with four RPAI designees (Biumi, Gorski, Grimes, Lynch); Lee Daniels to retire.
- Approximately 88.0% of KRG and 79.7% of RPAI outstanding shares voted, indicating strong shareholder turnout.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerald M. Gorski was appointed as Trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
appointed Ms. Biumi and Messrs. Grimes, Gorski, and Lynch to fill such newly created vacancies on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lee A. Daniels departed as Trustee at KITE REALTY GROUP TRUST.
- Action
- retire
- Role
- Trustee
Exact text from the filing
Lee A. Daniels communicated to the Board his decision to retire from the Board contingent and effective upon the occurrence of the Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bonnie S. Biumi was appointed as Trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
appointed Ms. Biumi and Messrs. Grimes, Gorski, and Lynch to fill such newly created vacancies on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven P. Grimes was appointed as Trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
appointed Ms. Biumi and Messrs. Grimes, Gorski, and Lynch to fill such newly created vacancies on the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter L. Lynch was appointed as Trustee at KITE REALTY GROUP TRUST.
- Action
- appointed
- Role
- Trustee
Exact text from the filing
appointed Ms. Biumi and Messrs. Grimes, Gorski, and Lynch to fill such newly created vacancies on the Board
View on SEC.gov
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