---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-281197"
form_type: "8-K"
ticker: "ELME"
cik: "0000104894"
company_name: "Elme Communities"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:32:38.399812+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Elme Communities CFO Stephen Riffee to retire Feb 2023; Steven Freishtat to succeed

## Summary
- Stephen Riffee, EVP and CFO, to retire at end of February 2023; Steven Freishtat expected to succeed as CFO.
- Freishtat, currently VP Finance, joined Elme in 2015 and led financial planning, capital markets, and treasury.
- Drew Hammond, VP and Chief Accounting Officer, to be promoted to SVP and CAO.
- Kelly O'Shields, Director of Real Estate Accounting, to be promoted to VP Finance.
- Succession plan reflects orderly transition; Riffee praised for leading multifamily transformation.

## SEC filing metadata
- accession: 0001193125-22-281197
- form_type: 8-K
- ticker: ELME
- cik: 0000104894
- company_name: Elme Communities
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104894/000119312522281197/0001193125-22-281197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104894/000119312522281197/d410155d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-281197
- JSON: https://secwatch.observer/filing/0001193125-22-281197.json
- Plain text: https://secwatch.observer/filing/0001193125-22-281197.txt

## Key facts
- Executive change
  Stephen E. Riffee departed as Executive Vice President and Chief Financial Officer at Elme Communities.
  - Action: retire
  - Role: Executive Vice President and Chief Financial Officer
  source text: Stephen E. Riffee, Elme Communities’ (“Elme”) Executive Vice President and Chief Financial Officer, provided notice to Elme of his intention to retire, effective at the end of February 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000119312522281197/0001193125-22-281197-index.htm
- Executive change
  Steven Freishtat was appointed as Chief Financial Officer at Elme Communities.
  - Action: expected to succeed
  - Role: Chief Financial Officer
  source text: Steven Freishtat is expected to succeed Mr. Riffee as Chief Financial Officer following Mr. Riffee’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104894/000119312522281197/0001193125-22-281197-index.htm

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