UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 14, 2017
Paramount Group, Inc.
(Exact Name of Registrant as Specified in Charter)
Maryland | 001-36746 | 32-0439307 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1633 Broadway, Suite 1801 New York, New York |
10019 | |
(Address of Principal Executive offices) | (Zip Code) |
Registrants telephone number, including area code: (212) 237-3100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 18, 2017, Paramount Group, Inc. (the Company) announced (i) the appointment of Peter Brindley as Executive Vice President, Leasing of the Company, effective immediately; and (ii) the departure of Theodore Koltis as the Companys Executive Vice President, Leasing, effective December 14, 2017. In connection with Mr. Brindleys appointment, Mr. Brindley will be covered under the Paramount Group, Inc. Executive Severance Plan, dated November 24, 2014.
Item 7.01 Regulation FD Disclosure.
A copy of the press release issued by the Company to announce Mr. Brindleys appointment and the departure of Mr. Koltis as discussed in Item 5.02 above is included as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Item 7.01 of this Current Report and Exhibit 99.1 attached hereto is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit |
Description | |
99.1 | Press release dated December 18, 2017 and entitled Paramount Appoints Peter Brindley as Executive Vice President, Leasing |
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.
PARAMOUNT GROUP, INC. | ||
By: | /s/ Wilbur Paes | |
Name: | Wilbur Paes | |
Title: | Executive Vice President, Chief Financial Officer and Treasurer |
Date: December 18, 2017
Exhibit 99.1
PARAMOUNT APPOINTS PETER BRINDLEY
AS EXECUTIVE VICE PRESIDENT, LEASING
NEW YORK December 18, 2017Paramount Group, Inc. (NYSE: PGRE) (Paramount or the Company) announced today the appointment of Peter R.C. Brindley as Executive Vice President, Leasing. Mr. Brindley joined Paramount in 2010 and most recently served as Senior Vice President, Leasing responsible for the Companys New York portfolio.
Albert Behler, Chairman, Chief Executive Officer and President said, Peter is an extremely skilled leader and has formed significant and valuable relationships in his more than 15 years of experience in real estate. Peter has done a remarkable job leasing Paramounts 9 million square foot Class A portfolio in New York. We look forward to Peter leading our leasing team as we continue to execute our strategy to unlock value for our shareholders.
In his new role, Mr. Brindley will assume responsibility for all leasing related activities across the Companys portfolio in New York, Washington, D.C. and San Francisco. Before joining Paramount, Mr. Brindley served as a Senior Director at Tishman Speyer in its New York office where he was responsible for the leasing of Rockefeller Center, 666 Fifth Avenue and the MetLife Building. Prior to joining Tishman Speyer in 2004, Mr. Brindley worked at CB Richard Ellis in the brokerage services group. Mr. Brindley graduated from Ithaca College with a Bachelor of Science in Business and received his Master of Science degree in Real Estate Finance & Investment from New York University. He currently serves as Treasurer on the Board of Directors of the Avenue of the Americas Association and is a member of The Real Estate Board of New York.
Mr. Brindley succeeds Theodore Koltis, who will leave the Company to pursue other opportunities. We thank Ted for his many years of service and dedication to Paramount and we wish him success in his future endeavors, Mr. Behler concluded.
About Paramount Group, Inc.
Headquartered in New York City, Paramount is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
Contact Information:
Wilbur Paes Executive Vice President, Chief Financial Officer 212-237-3122 ir@paramount-group.com |
Christopher Brandt Vice President, Investor Relations 212-237-3134 ir@paramount-group.com |
Media:
212-492-2285
pr@paramount-group.com