8-K
filed October 8, 2024, 7:59 PM ET
CIK 0000926660
leadership
confidence high
sentiment neutral
materiality 0.75
CEO and CIO depart Apartment Income REIT; co-PEOs appointed
Apartment Income REIT, L.P.
- CEO Terry Considine stepped down Oct 2; replaced by co-PEOs Lisa Cohn and Keith Kimmel.
- CIO Joshua Minix departed Oct 7; both resignations not due to disagreements.
- Considine receives $4.6M severance plus $2.57M pro-rata STI and $1.25M additional payment.
- Minix receives $1.62M separation payment.
- Considine's unvested LTIP units partially accelerate: 246,356 LTIP I and 2,562,284 LTIP II vested.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joshua Minix departed as Executive Vice President and Chief Investment Officer at Apartment Income REIT, L.P..
- Action
- stepped down
- Role
- Executive Vice President and Chief Investment Officer
Exact text from the filing
On October 7, 2024, effective immediately, Joshua Minix stepped down as the Partnership’s Executive Vice President and Chief Investment Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Terry Considine departed as director at Apartment Income REIT, L.P..
- Action
- stepped down
- Role
- director
Exact text from the filing
On October 2, 2024 (the “Separation Date”), effective immediately, Terry Considine stepped down as Chief Executive Officer of Apartment Income REIT, L.P. (the “Partnership”) and as a director of the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Terry Considine departed as Chief Executive Officer at Apartment Income REIT, L.P..
- Action
- stepped down
- Role
- Chief Executive Officer
Exact text from the filing
On October 2, 2024 (the “Separation Date”), effective immediately, Terry Considine stepped down as Chief Executive Officer of Apartment Income REIT, L.P. (the “Partnership”) and as a director of the board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith M. Kimmel was appointed as co-principal executive officer at Apartment Income REIT, L.P..
- Action
- appointed
- Role
- co-principal executive officer
Exact text from the filing
On October 2, 2024, the Board appointed Lisa R. Cohn, age 55, President, General Counsel and Secretary of the Partnership and a director of the Board, and Keith M. Kimmel, age 52, President of Property Operations of the Partnership, to serve as co-principal executive officers of AIR and the general partner of the Partnership to replace Mr. Considine
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lisa R. Cohn was appointed as co-principal executive officer at Apartment Income REIT, L.P..
- Action
- appointed
- Role
- co-principal executive officer
Exact text from the filing
On October 2, 2024, the Board appointed Lisa R. Cohn, age 55, President, General Counsel and Secretary of the Partnership and a director of the Board, and Keith M. Kimmel, age 52, President of Property Operations of the Partnership, to serve as co-principal executive officers of AIR and the general partner of the Partnership to replace Mr. Considine
View on SEC.gov
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