secwatch.observer — SEC 8-K summary
======================================

Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001574197-24-000076
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point Holdings extends Great Park DMA to 2026, raises base fee to $13.5M
-----------------------------------------------------------------------------

- DMA extended through Dec 31, 2026 (was Dec 31, 2024).
- Annual base fee rises to $13.5M from $12.0M, payable monthly at $1.125M.
- Incentive compensation set at 9% of Great Park Venture distributions.
- If DMA not extended beyond 2026, reduced incentive rate of 6.75% applies on future distributions.
- Manager also entitled to unpaid base fees and accrued incentive on expiration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000076/0001574197-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000076/fph-20240916.htm
  HTML page:      https://secwatch.observer/filing/0001574197-24-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer