---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-117110"
form_type: "8-K"
ticker: "AVB"
cik: "0000915912"
company_name: "AVALONBAY COMMUNITIES INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:28:25.449963+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AvalonBay Executive Chairman Naughton to become non-executive Chairman effective Jan 1, 2023

## Summary
- Timothy J. Naughton transitions from Executive Chairman to non-executive Chairman, effective Jan 1, 2023.
- Naughton will no longer be an employee or executive officer; Schall remains CEO reporting to Board.
- As non-executive Chairman, Naughton receives $250k annual cash retainer ($62.5k/quarter) plus standard non-employee director retainers.
- Outstanding equity awards continue vesting during board service; 2022 bonus and award to be settled per terms.
- Board also amended Bylaws to clarify Chairman may be officer or non-officer, a procedural change.

## SEC filing metadata
- accession: 0001104659-22-117110
- form_type: 8-K
- ticker: AVB
- cik: 0000915912
- company_name: AVALONBAY COMMUNITIES INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/0001104659-22-117110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/tm2229895d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-117110
- JSON: https://secwatch.observer/filing/0001104659-22-117110.json
- Plain text: https://secwatch.observer/filing/0001104659-22-117110.txt

## Key facts
- Governance Changes
  AVALONBAY COMMUNITIES INC: Amended bylaws to clarify that the Chairman of the Board may be an officer or a non-officer of the Company (effective 2022-11-10).
  - Change: bylaw amendment
  - Effective: 2022-11-10
  source text: On November 10, 2022, the Board voted to amend the Company’s Bylaws, as amended, to more clearly contemplate that a Chairman of the Board may be an officer or a non-officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915912/000110465922117110/0001104659-22-117110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.