Hines Global Income Trust board reshuffles to regain independent majority; advisory agreement renewed

HINES GLOBAL INCOME TRUST, INC.

Independent director Burt Cabañas resigned effective Nov 1, 2023, creating vacancy that left board without independent majority.
Director Laura Hines-Pierce voluntarily resigns temporarily effective Dec 31, 2023, to restore independent majority; board reduced from 7 to 5 members.
Nominating committee searching for new independent director; once appointed, Hines-Pierce is expected to be reappointed and board expanded back to 7.
John O. Niemann Jr. named temporary Chair of Valuation Committee; Dougal A. Cameron temporary Chair of Conflicts Committee.
Advisory Agreement with HGIT Advisors LP renewed for one year through December 31, 2024, approved by independent directors.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Laura Hines-Pierce

Director

HGIT · HINES GLOBAL INCOME TRUST, INC.

Effective: 2023-12-31
Filed: January 4, 2024, 6:59 PM ET

Laura Hines-Pierce has decided to voluntarily and temporarily resign from the Board, effective as of December 31, 2023, in order to re-establish a majority of Independent Directors on the Board, as required by the Charter.

Departed

Humberto Cabañas

Director

HGIT · HINES GLOBAL INCOME TRUST, INC.

Effective: 2023-11-01
Filed: January 4, 2024, 6:59 PM ET

Humberto “Burt” Cabañas resigned from the board of directors (the “Board”) of Hines Global Income Trust, Inc. (the “Company”) and from each committee of the Board, effective as of November 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Laura Hines-Pierce resigned as Director at HINES GLOBAL INCOME TRUST, INC..

Action: resigned
Role: Director

Exact text from the filing

Laura Hines-Pierce has decided to voluntarily and temporarily resign from the Board, effective as of December 31, 2023, in order to re-establish a majority of Independent Directors on the Board, as required by the Charter.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Humberto Cabañas resigned as Director at HINES GLOBAL INCOME TRUST, INC..

Action: resigned
Role: Director

Exact text from the filing

Humberto “Burt” Cabañas resigned from the board of directors (the “Board”) of Hines Global Income Trust, Inc. (the “Company”) and from each committee of the Board, effective as of November 1, 2023.

View on SEC.gov

HINES GLOBAL INCOME TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001585101-24-000002

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