---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-066099"
form_type: "8-K"
ticker: "KRC"
cik: "0001025996"
company_name: "KILROY REALTY CORP"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:15:32.915814+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kilroy Realty formalizes CFO Trencher's employment; expands term loan $20M

## Summary
- Eliott Trencher appointed EVP, CFO and CIO effective Feb 1, 2023; employment agreement signed March 3, 2023.
- Base salary not less than $500,000; target annual bonus minimum 100% of salary; eligible for equity awards.
- Severance: 1x salary + 1x target bonus upon termination without cause or for good reason, plus COBRA up to 18 months.
- Second amendment to term loan facility exercised accordion for additional $20M borrowing; total facility potential increased.
- After amendment, $200M outstanding, $320M remaining commitments, $130M incremental capacity available.

## SEC filing metadata
- accession: 0001193125-23-066099
- form_type: 8-K
- ticker: KRC
- cik: 0001025996
- company_name: KILROY REALTY CORP
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025996/000119312523066099/0001193125-23-066099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025996/000119312523066099/d476012d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-066099
- JSON: https://secwatch.observer/filing/0001193125-23-066099.json
- Plain text: https://secwatch.observer/filing/0001193125-23-066099.txt

## Key facts
- Executive change
  Eliott Trencher was appointed as Executive Vice President, Chief Financial Officer and Chief Investment Officer at KILROY REALTY CORP.
  - Action: appointed
  - Role: Executive Vice President, Chief Financial Officer and Chief Investment Officer
  source text: the Company’s Board of Directors (the “Board”) appointed Eliott Trencher as Executive Vice President, Chief Financial Officer and Chief Investment Officer of the Company effective February 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000119312523066099/0001193125-23-066099-index.htm
- Material Agreements
  KILROY REALTY CORP amended Second Amendment valued at additional borrowings of up to $20 million (effective 2023-03-06).
  - Action: amendment
  - Agreement: credit facility
  - Value: additional borrowings of up to $20 million
  - Effective: 2023-03-06
  source text: On March 6, 2023, the Operating Partnership entered into an second amendment to the Term Loan Agreement (the “Second Amendment”) to exercise the accordion feature under the Term Loan Agreement to provide for additional borrowings of up to $20 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025996/000119312523066099/0001193125-23-066099-index.htm

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