8-K
filed May 6, 2025, 7:59 PM ET
ticker HHH
CIK 0001981792
other material
confidence high
sentiment positive
materiality 0.95
Pershing Square invests $900M in Howard Hughes at $100/share, acquires 46.9% stake
Howard Hughes Holdings Inc.
- Pershing Square buys 9M newly issued shares at $100/share (48% premium to May 2 close) for $900M.
- Pershing Square now owns ~46.9% of HHH; voting capped at 40%, ownership at 47%.
- Bill Ackman named Executive Chairman; Ryan Israel becomes HHH Chief Investment Officer.
- HHH to become a diversified holding company, acquiring controlling stakes in operating companies; real estate business continues.
- Board adds Ackman, Israel, and Jean-Baptiste Wautier; three prior directors resign.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dana Hamilton resigned as Director at Howard Hughes Holdings Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
R. Scot Sellers was appointed as Presiding Director at Howard Hughes Holdings Inc..
- Action
- appointed
- Role
- Presiding Director
Exact text from the filing
R. Scot Sellers has been appointed Presiding Director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jean-Baptiste Wautier was appointed as Director at Howard Hughes Holdings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Israel was appointed as Director at Howard Hughes Holdings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Allen Model resigned as Director at Howard Hughes Holdings Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Flatto resigned as Director at Howard Hughes Holdings Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective May 5, 2025, Adam Flatto, Allen Model and Dana Hamilton resigned from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William A. Ackman was appointed as Executive Chairman at Howard Hughes Holdings Inc..
- Action
- appointed
- Role
- Executive Chairman
Exact text from the filing
Mr. Ackman has been appointed as the Executive Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William A. Ackman was appointed as Director at Howard Hughes Holdings Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed William A. Ackman, Ryan Israel and Jean-Baptiste Wautier to the Board, effective May 5, 2025.
View on SEC.gov
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