secwatch.observer — SEC 8-K summary
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Issuer:     Hudson Pacific Properties, Inc. (HPP)
CIK:        0001482512
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001482512-24-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Pacific amends exec employment agreements; enhanced change-in-control severance effective Jan 1, 2025
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- Amended agreements for CEO Coleman, President Lammas, CFO Diramerian, CAO Suazo effective Jan 1, 2025 for 5-year terms.
- Change-in-control severance now includes lump-sum cash equal to pro-rated most recent time-based annual equity value.
- If termination before Dec 31, 2025, equity value set at $4M for Coleman, $1.75M for Lammas, $625k for Diramerian.
- Severance eligibility period extended from 1 to 2 years post-change-in-control for Lammas, Diramerian, Suazo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000097/0001482512-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482512/000148251224000097/hpp-20241118.htm
  HTML page:      https://secwatch.observer/filing/0001482512-24-000097

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