UDR Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Promotion to Chief Operating Officer
Effective January 1, 2025, the Board of Directors of UDR, Inc. (the “Company”) appointed Michael D. Lacy, the Company’s Senior Vice President – Operations, as Chief Operating Officer of the Company.
Mr. Lacy, age 43, joined the Company in November 2006 and worked in an operational strategist role and as a Senior Acquisitions Analyst. In November 2010, Mr. Lacy was promoted to Director of Pricing and Revenue Management, and from 2014 to 2016, he managed a portfolio in Southern California in the position of Vice President - Southern California Regional Manager. In January 2016, Mr. Lacy was promoted to Vice President - Property Operations, and in January 2019 he was promoted to Senior Vice President - Operations. Mr. Lacy began his career as an accountant at RedPeak Properties. No family relationship exists between Mr. Lacy and any of the Company’s directors or other executive officers. The Company has not entered into any new compensation arrangements with Mr. Lacy in connection with his appointment. Mr. Lacy is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Promotion to Chief Investment Officer and Search for New Chief Financial Officer
Effective January 1, 2025, the Board of Directors appointed Joseph D. Fisher, the Company’s President and Chief Financial Officer, to the additional role of Chief Investment Officer of the Company. Mr. Fisher will retain his roles as President and Chief Financial Officer. The Company will initiate an executive search process to recruit a new Chief Financial Officer. Upon the successful hire of a new Chief Financial Officer, Mr. Fisher will relinquish his roles and responsibilities as Chief Financial Officer and retain the roles of President and Chief Investment Officer.
Item 7.01 Regulation FD Disclosure.
The press release announcing, among other things, Mr. Lacy and Mr. Fisher’s appointments as Chief Operating Officer and Chief Investment Officer, respectively, is furnished as Exhibit 99.1 to this Report. This information is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Ex. No. |
| Description |
99.1 | ||
104 | Cover Page Interactive Data File – The cover page XBRL tags are embedded within the Inline XBRL document |
Forward-Looking Statements
Certain statements made in this Current Report on Form 8-K, including with respect to the Company’s intent to conduct a search process to recruit a new Chief Financial Officer and the results of such process, may constitute “forward-looking statements.” Words such as “expects,” “intends,” “believes,” “anticipates,” “plans,” “likely,” “will,” “seeks,” “estimates” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement due to a number of factors, which include, but are not limited to, general market and economic conditions and other risk factors discussed in documents filed by the Company with the SEC from time to time, including the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q. Actual results may differ materially from those described in the forward-looking statements. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, to reflect any change in the Company’s expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required under the U.S. securities laws.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UDR, Inc. | ||||
January 2, 2025 | By: | /s/ Joseph D. Fisher | ||
Joseph D. Fisher | ||||
President, Chief Financial Officer, and Chief Investment Officer | ||||
(Principal Financial Officer) | ||||