Bryan Smith succeeds David Singelyn as CEO; appointed to board effective Jan 1, 2025

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Bryan Smith became CEO on Jan 1, 2025, following David Singelyn's retirement on Dec 31, 2024.
Board expanded from 12 to 13 trustees and appointed Smith as trustee effective Jan 1, 2025.
Smith receives no additional compensation for trustee role; no reportable transactions under Item 404(a).

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