0001140361-18-001487.txt : 20180109 0001140361-18-001487.hdr.sgml : 20180109 20180109173011 ACCESSION NUMBER: 0001140361-18-001487 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180103 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180109 DATE AS OF CHANGE: 20180109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOMEFED CORP CENTRAL INDEX KEY: 0000833795 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 330304982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10153 FILM NUMBER: 18519853 BUSINESS ADDRESS: STREET 1: 1903 WRIGHT PLACE STREET 2: STE 220 CITY: CARLSBAD STATE: CA ZIP: 92008 BUSINESS PHONE: 7609188200 MAIL ADDRESS: STREET 1: 1903 WRIGHT PLACE STREET 2: STE 220 CITY: CARLSBAD STATE: CA ZIP: 92008 8-K 1 form8k.htm 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 3, 2018

HOMEFED CORPORATION
(Exact Name of Registrant as Specified in Its Charter)

DELAWARE
(State or Other Jurisdiction of Incorporation)

1-10153
33-0304982
(Commission File Number)
(IRS Employer Identification No.)
   
1903 WRIGHT PLACE, SUITE 220, CARLSBAD, CALIFORNIA
92008
(Address of Principal Executive Offices)
(Zip Code)

760-918-8200
(Registrant's Telephone Number, Including Area Code)

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:

☐
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

(e)           The information set forth in response to Item 9.01 (c) is incorporated herein by reference.

Item 9.01.
Financial Statements and Exhibits

(c)
Exhibits

10.1
Information Concerning Executive Compensation.
 
2
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.

Date: January 9, 2018

 
HOMEFED CORPORATION 
       
 
/s/ Erin N. Ruhe
  
 
Name:
Erin N. Ruhe
  
 
Title:
Vice President
  
 
3
EXHIBIT INDEX

Exhibit No.
Description

10.1
Information Concerning Executive Compensation.
 
 
 
4
 EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1

Information Concerning Executive Compensation

On January 3, 2018, the Compensation Committee of HomeFed Corporation (the “Company”) approved annual salary increases (effective January 1, 2018) and discretionary 2017 cash bonuses for each of the Company’s executive officers who were included as named executive officers in the Company’s 2017 proxy statement.

Name and Title
  
Base Salary in 2018
    
Bonus Award for 20171
  
             
Paul J. Borden
  
$
398,585
    
$
308,895
2 
President and
                
Chief Executive Officer
                
                 
John Kent Aden, Jr.
  
$
326,101
    
$
259,591
  
Vice President
                
                 
Christian E. Foulger
  
$
250,628
    
$
257,371
  
Vice President
                
                 
Erin N. Ruhe
  
$
239,152
    
$
207,034
  
Vice President,
                
Treasurer and Controller
                
 
____________________________
1 Includes a previously approved holiday bonus paid to each of the named executive officers based on a percentage of salary of $11,723 for Mr. Borden, $9,591 for Mr. Aden, $7,371 for Mr. Foulger and $7,034 for Ms. Ruhe.
2 Also includes a previously approved gross-up bonus of $47,172 for Mr. Borden as reimbursement for taxes payable on travel, commuting and lodging expenses.