Rexford Industrial names COO Laura Clark CEO effective April 1, 2026; strategic overhaul with $20–25M G&A savings

Rexford Industrial Realty, Inc.

Laura Clark, current COO, will become CEO on April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer.
Frankel and Schwimmer receive $22.59M each in restricted stock awards; they remain directors until the 2026 annual meeting.
Company targets $20–25M net G&A savings in 2026, with full-year G&A guided to $57–62M (below 6.2% of revenue).
Capital allocation reformed: programmatic dispositions, reduced development exposure, share repurchases when NAV discount exists.
New independent director to be added by end of 2025 after constructive engagement with Elliott Investment Management.

item 5.02 item 7.01 item 9.01

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