Sun Communities appoints two directors, establishes capital allocation committee after activist pact

SUN COMMUNITIES INC

Appointed Jerry Ehlinger (ex-Heitman CIO) and Craig Leupold (GSI Capital Advisors CEO) to the Board, expanding from 9 to 11 directors.
Board formed a Capital Allocation Committee to review use and investment of capital; Leupold to serve on it.
Under cooperation agreement with Land & Buildings, two unnamed directors will not stand for re-election or resign by end-2024.
Land & Buildings agreed to vote for Board nominees and abide by standstill restrictions through Dec 2025.
Ehlinger and Leupold will receive standard non-employee director compensation; no related-party transactions disclosed.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Craig A. Leupold

director

SUI · SUN COMMUNITIES INC

Effective: 2024-02-15
Filed: February 16, 2024, 6:59 PM ET

effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company

Appointed

Jerry Ehlinger

director

SUI · SUN COMMUNITIES INC

Effective: 2024-02-15
Filed: February 16, 2024, 6:59 PM ET

effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig A. Leupold was appointed as director at SUN COMMUNITIES INC.

Action: appointed
Role: director

Exact text from the filing

effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerry Ehlinger was appointed as director at SUN COMMUNITIES INC.

Action: appointed
Role: director

Exact text from the filing

effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SUN COMMUNITIES INC entered into Cooperation Agreement with Land & Buildings Investment Management LLC (effective 2024-02-15).

Action: entry
Counterparty: Land & Buildings Investment Management LLC
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, Sun Communities, Inc. (the “Company”) entered into a cooperation agreement (the “Cooperation Agreement”) with Land & Buildings Investment Management LLC, a Sun Communities stockholder (“Land & Buildings”).

View on SEC.gov

198 material agreements filed in the last 30 days. Browse all material agreements →

SUN COMMUNITIES INC filing history →

Source: SEC EDGAR

accession 0001193125-24-038171

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