BXP Senior EVP Ray Ritchey transitions to part-time role through Dec 2023

BXP, Inc.

Ritchey will devote ~50% of business time to BXP through Dec 31, 2023; no automatic renewal.
Annual base salary of $750,000; target 2023 bonus of $1,650,000, subject to Compensation Committee discretion.
Ceases to be covered under Senior Executive Severance Plan; severance terms modified for without-Cause or Good Reason termination.
Will continue to support BXP's Washington DC, Los Angeles, and Seattle regional businesses and coordinate leasing.

item 5.02 item 9.01

Executive movements

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Role change

Raymond A. Ritchey

Senior Executive Vice President

BXP · BXP, Inc.

Effective: 2023-02-28
Filed: March 2, 2023, 6:59 PM ET

On February 28, 2023 , Boston Properties, Inc. (the “Company”) entered into a Second Amended and Restated Employment Agreement with Raymond A. Ritchey (the “Agreement”) pursuant to which Mr. Ritchey will continue to serve as Senior Executive Vice President through December 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Raymond A. Ritchey changed role as Senior Executive Vice President at BXP, Inc..

Action: entered into a Second Amended and Restated Employment Agreement
Role: Senior Executive Vice President

Exact text from the filing

On February 28, 2023 , Boston Properties, Inc. (the “Company”) entered into a Second Amended and Restated Employment Agreement with Raymond A. Ritchey (the “Agreement”) pursuant to which Mr. Ritchey will continue to serve as Senior Executive Vice President through December 31, 2023.

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BXP, Inc. filing history →

Source: SEC EDGAR

accession 0001656423-23-000016

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