---
schema_version: "secwatch.filing_event.v1"
accession: "0001574197-23-000003"
form_type: "8-K"
ticker: "FPH"
cik: "0001574197"
company_name: "Five Point Holdings, LLC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:18:45.879441+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Five Point extends Great Park development management contract to Dec 2024; terms unchanged

## Summary
- DMA extended through Dec 31, 2024; base fee remains $1M/month in 2023, similar in 2024.
- Incentive compensation unchanged at 9% of Great Park Venture distributions.
- HFET gets termination right if Stuart Miller, Hedigan, or Alvarado depart; future incentive drops to 6.75%.
- Base fee for 2024 to be set in annual budget, currently anticipated to be approximately the same.

## SEC filing metadata
- accession: 0001574197-23-000003
- form_type: 8-K
- ticker: FPH
- cik: 0001574197
- company_name: Five Point Holdings, LLC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574197/000157419723000003/0001574197-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574197/000157419723000003/fph-20221228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574197-23-000003
- JSON: https://secwatch.observer/filing/0001574197-23-000003.json
- Plain text: https://secwatch.observer/filing/0001574197-23-000003.txt

## Key facts
- Material Agreements
  Five Point Holdings, LLC amended Amendment with Heritage Fields El Toro, LLC ("HFET") (effective 2022-12-28).
  - Action: amendment
  - Counterparty: Heritage Fields El Toro, LLC ("HFET")
  - Effective: 2022-12-28
  source text: On December 28, 2022, Five Point Holdings, LLC (the “Company”), through its indirect subsidiaries Five Point Communities Management, Inc. ("FP Inc."), Five Point Operating Company, LP (the "Operating Company") and Five Point Communities, LP ("FP LP" and together with FP Inc. and the Operating Company, the "Five Point Parties") entered into a second amendment (the "Amendment") to the Second Amended and Restated Development Management Agreement (the "DMA"), dated as of April 21, 2017, by and among the Five Point Parties and Heritage Fields El Toro, LLC ("HFET").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574197/000157419723000003/0001574197-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.