other
confidence high
sentiment neutral
materiality 0.25
Sunstone amends employment agreements for three executives to indefinite term; eliminates non-renewal severance
Sunstone Hotel Investors, Inc.
- Bryan Giglia (CFO), Robert Springer (CIO), and David Klein (GC) have amended employment agreements.
- Employment period changed from fixed term ending March 31, 2022 to indefinite continuous employment.
- Sections providing severance upon non-renewal of the employment period have been deleted.
- Amendment effective September 30, 2021; agreements now at-will with standard termination provisions.