Independence Realty Trust appoints Craig Macnab to board, enters cooperation with ALM, opts out of MUTA

INDEPENDENCE REALTY TRUST, INC.

Appointed Craig Macnab as independent director effective Feb 29, expanding board to 10 members (8 independent).
Entered cooperation with ALM; ALM agreed to standstill and voting commitments through 2025/2026 meetings.
Board waived option to classify board under MUTA unless approved by a majority of stockholders.
Macnab brings 20+ years REIT experience, formerly CEO of National Retail Properties (NNN) for 13 years.
ALM notes constructive dialogue; expects Macnab's experience to aid IRT's Portfolio Optimization and Deleveraging Strategy.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Craig Macnab

Director

IRT · INDEPENDENCE REALTY TRUST, INC.

Effective: 2024-02-29
Filed: March 1, 2024, 6:59 PM ET

On February 29, 2024, the Board of Directors (the “Board”) of Independence Realty Trust, Inc. (the “Company”) increased the size of the Board from 9 to 10 directors and appointed Craig Macnab, an additional independent director, to fill the newly created vacancy and whose term will expire at the Company’s 2024 annual meeting of stockholders (“2024 Annual Meeting”), or until his earlier death, resignation, disqualification or removal.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig Macnab was appointed as Director at INDEPENDENCE REALTY TRUST, INC..

Action: appointed
Role: Director

Exact text from the filing

On February 29, 2024, the Board of Directors (the “Board”) of Independence Realty Trust, Inc. (the “Company”) increased the size of the Board from 9 to 10 directors and appointed Craig Macnab, an additional independent director, to fill the newly created vacancy and whose term will expire at the Company’s 2024 annual meeting of stockholders (“2024 Annual Meeting”), or until his earlier death, resignation, disqualification or removal.

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INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001466085-24-000031

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