Michael Nash
On December 5, 2023, the Board voted to appoint Mr. Michael Nash as Mr. Fried’s successor, effective January 1, 2024.
Highest-materiality recent filing
Hudson Pacific Properties annual meeting: all proposals passed
All seven director nominees elected; highest vote was T. Ritson Ferguson with 42.9M for.
Hudson Pacific posts Q1 net loss $53.1M but raises FY Core FFO outlook to $1.10-$1.18
Total revenue $181.9M (down from $198.5M YoY); net loss $53.1M vs $74.7M YoY.
HPP Q4 net loss $277.9M; FFO ex-items $0.21; provides 2026 FFO outlook $0.96-$1.06
Total revenue $256.0M vs $209.7M YoY, lifted by $81M lease termination fee from Element LA sale.
Hudson Pacific Properties appoints Jon Bortz to Board; Jonathan Glaser resigns after 15 years
Jonathan Glaser resigned from Board effective Dec 2, 2025; no disagreement with company.
Hudson Pacific Properties executes 1-for-7 reverse stock split effective Dec 1, 2025
Reverse split reduced outstanding shares from ~379.5M to ~54.2M; fractional shares cashed out at Dec 1 closing price.
Hudson Pacific Q3 net loss $136.5M, FFO $0.04/share, leases 515K sq ft
Revenue $186.6M vs $200.4M; net loss $136.5M ($0.30 diluted EPS). FFO ex items $16.7M ($0.04/share).
Hudson Pacific amends credit facility, extends $462M and boosts total commitments to $795M
Total revolving commitments increased to $795M; $462M extended to Dec 31, 2028 with two six-month extension options.
Hudson Pacific appoints T. Ritson Ferguson to Board; Mark Linehan retires
Mark Linehan resigned from Hudson Pacific board effective Sept 11, 2025, citing other professional commitments; no disagreement.
Hudson Pacific Properties Q2 2025: revenue down, FFO ex-items $0.04, net loss $(0.41)/share
Total revenue $190.0M vs $218.0M Q2 2024; net loss $(83.1)M or $(0.41)/diluted share.
Hudson Pacific board shrinks from 10 to 8; two directors resign
Directors Ebs Burnough and Christy Haubegger resigned effective June 25, 2025, with no disagreement.
CEO, President, and CFO forfeit 2024 performance equity awards, saving $14.3M
CEO Victor Coleman, President Mark Lammas, and CFO Harout Diramerian forfeited their 2024 performance unit awards on June 17, 2025.
Hudson Pacific closes $662M stock & warrant offering; CEO/CFO forfeit $14.3M in awards
Offering: 237.6M shares at $2.14/share and 71.9M pre-funded warrants at $2.13/warrant, gross proceeds ~$662M; closed June 13, 2025.
$600M underwritten offering of common stock and pre-funded warrants; underwriters have 30-day option for additional $90M.
Hudson Pacific shareholders reject say-on-pay; approve 7.3M-share incentive plan increase
Advisory vote on exec compensation failed: 35.1M for, 64.4M against (no broker non-votes).
Hudson Pacific Q1 net loss $74.7M, FFO ex-items $0.09/shr; signs 630K sf leases
Total revenue $198.5M, down from $214.0M YoY on asset sales and lower occupancy.
Hudson Pacific closes $475M CMBS financing on six office properties
$475M CMBS loan secured by 6 west-coast office properties; 5-year term (2+3 extensions) at SOFR + 376 bps.
Hudson Pacific Q4 net loss widens to $167M; occupancy falls, goodwill impairment
Net loss attributable to common stockholders $167M ($1.18/sh) vs $98M loss a year ago; revenue $209.7M vs $223.4M.
Hudson Pacific cuts revolving credit facility by $125M to $775M; eases covenants, sets rate floor
Revolving commitments permanently reduced by $125M, to $775M aggregate.
Amended agreements for CEO Coleman, President Lammas, CFO Diramerian, CAO Suazo effective Jan 1, 2025 for 5-year terms.
Hudson Pacific Q3 net loss $97.9M; FFO drops to $0.05/shr; suspends common dividend
Total revenue $200.4M, down 13% YoY; net loss $97.9M ($0.69/shr) vs $37.6M loss year ago.
Hudson Pacific Q2 revenue $218M (-11% YoY); net loss $0.33/sh; cuts NOI outlook
Revenue $218.0M vs $245.2M; net loss $47.0M ($0.33/sh) vs $36.2M loss in Q2 2023.
HPP reports YTD leasing of 814K sq ft, pipeline of 2.0M sq ft in June 2024 REITweek presentation
Tenant requirements up 28% YoY; gross leasing activity up 14%; sublease additions slowing 67%.
Hudson Pacific Properties reports 2024 annual meeting voting results; all proposals pass
Ten directors elected; Andrea Wong received 97,792,109 for (83.9%) vs 18,818,176 against.
Q1 revenue $214.0M vs $252.3M YoY; net loss $52.2M ($0.37/sh) vs loss $20.4M ($0.14/sh).
Hudson Pacific Q4 net loss $98M; 2024 FFO guidance $1.00-$1.10
Net loss attributable to common stockholders of $98.0M ($0.70/diluted) vs $12.0M loss ($0.09) a year ago.
Hudson Pacific/Macerich sell One Westside/Westside Two for $700M to UC
Gross sale price $700M; Hudson Pacific (75% JV interest) repaid $324.6M construction loan.
Hudson Pacific amends credit facility: reduces commitments to $900M, adjusts covenants
Commitments reduced by $100M to $900M; maturity unchanged at Dec 2026 (incl. extension options).
Director Fried resigns; Michael Nash appointed to Hudson Pacific board effective Jan 1, 2024
Richard Fried resigns from board effective Dec 31, 2023, citing other professional commitments; no disagreement with company.
On December 5, 2023, the Board voted to appoint Mr. Michael Nash as Mr. Fried’s successor, effective January 1, 2024.
On December 4, 2023, Mr. Richard B. Fried notified the board of directors (the “Board”) of Hudson Pacific Properties, Inc. (the “Company”) of his resignation from the Board, effective December 31, 2023, due to his desire to devote more of his time to other professional commitments.
Max materiality 0.90 · Median 0.68 · Most common event earnings