CEO Messinger agrees to stay through July 2024 with $900K in payments; director Cohen resigns

Trinity Place Holdings Inc.

Messinger to remain CEO until July 31, 2024; receives $300K now, $300K Aug 1, $300K Nov 1, plus unvested RSU vesting.
Consulting agreement with TPHGreenwich offers up to $1.9M contingent on property sales, CO, façade remediation, and litigation resolution.
TPHS Lender LLC will vote to elect Messinger to board until June 2026 if a seat is available.
Alan Cohen resigned from board effective April 26, 2024; no disagreements with company operations.
Consulting payments subject to TPHGreenwich available cash; special reserve from 237 11th St proceeds.

item 5.02

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Departed

Alan Cohen

Director

TPHS · Trinity Place Holdings Inc.

Effective: 2024-04-26
Filed: May 2, 2024, 7:59 PM ET

In addition, on April 26, 2024, Alan Cohen tendered his resignation from the board of directors of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alan Cohen resigned as Director at Trinity Place Holdings Inc..

Action: resigned
Role: Director

Exact text from the filing

In addition, on April 26, 2024, Alan Cohen tendered his resignation from the board of directors of the Company, effective immediately.

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Trinity Place Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-056466

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