0000906345-17-000003.txt : 20170113 0000906345-17-000003.hdr.sgml : 20170113 20170113164932 ACCESSION NUMBER: 0000906345-17-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170113 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: 20170113 DATE AS OF CHANGE: 20170113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMDEN PROPERTY TRUST CENTRAL INDEX KEY: 0000906345 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 766088377 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12110 FILM NUMBER: 17528379 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2400 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7133542500 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2400 CITY: HOUSTON STATE: TX ZIP: 77046 8-K 1 cpt8-kx2017newtrustmanager.htm 8-K Document


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): January 13, 2017
CAMDEN PROPERTY TRUST
(Exact name of Registrant as Specified in Charter)
Texas
1-12110
76-6088377
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)

(I.R.S. Employer
Identification Number)
11 Greenway Plaza, Suite 2400, Houston, Texas 77046
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (713) 354-2500
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
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))







Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective January 13, 2017, Heather J. Brunner and Renu Khator were appointed to the Board of Trust Managers of Camden Property Trust (the "Company").
The Company's Guidelines on Governance provide, as a general matter, non-employee Trust Managers will not stand for election to a new term of service at any annual meeting following their 75th birthday. As a result of this practice, Lewis A. Levey and F. Gardner Parker are retiring from the Board effective as of the time of the 2017 annual meeting of shareholders scheduled to be held in May 2017, and the appointments of Ms. Brunner and Ms. Khator to the Board were made in anticipation of these retirements. Kelvin A. Westbrook was appointed as Lead Independent Trust Manager, effective as of January 1, 2017.
A copy of the press release issued in connection with these actions is attached hereto as Exhibit 99.1.
Ms. Brunner and Ms. Khator are eligible to receive cash compensation and share awards pursuant to the Company’s Trust Manager compensation policy in connection with their service to the Board.

Item 9.01.    Financial Statements and Exhibits.

(c)    Exhibits.

Exhibit
Number    Title

99.1
Press Release dated January 13, 2017

1



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 13, 2017
CAMDEN PROPERTY TRUST



By:    /s/ Michael P. Gallagher    
Michael P. Gallagher
Senior Vice President - Chief Accounting Officer



2



EXHIBIT INDEX

Exhibit
Number    Title

99.1
Press Release dated January 13, 2017




EX-99.1 2 ex991cptnewtrustmanagerspr.htm EXHIBIT 99.1 Exhibit



EXHIBIT 99.1
cptlogo.gif


CAMDEN PROPERTY TRUST ANNOUNCES NEW APPOINTMENTS
TO THE BOARD OF TRUST MANAGERS

Houston, TEXAS (January 13, 2017) - Camden Property Trust (NYSE:CPT) today announced the appointment of Heather J. Brunner and Renu Khator to the Company's Board of Trust Managers, effective January 13, 2017. Ms. Brunner and Ms. Khator will each serve as an independent Trust Manager of the Company.

The Company's Guidelines on Governance provide, as a general matter, non-employee Trust Managers will not stand for election to a new term of service at any annual meeting following their 75th birthday. As a result of this practice, Lewis A. Levey and F. Gardner Parker are retiring from the Board effective as of the time of the 2017 annual meeting of shareholders scheduled to be held in May 2017, and the appointments of Ms. Brunner and Ms. Khator to the Board were made in anticipation of these retirements. Kelvin A. Westbrook was appointed as Lead Independent Trust Manager, effective as of January 1, 2017.

Ms. Brunner has been Chief Executive Officer and Chair of WP Engine, Inc., a private cloud content management services company, since October 2013 and focuses on business strategy, global growth and customer experience. She served as Chief Operating Officer of WP Engine from May 2013 to October 2013. She served as Chief Operating Officer of Bazaarvoice (NASDAQ:BV), a market leader in commerce solutions, from June 2009 to May 2013. Prior to this time, Ms. Brunner served as Chief Executive Officer of Nuvo, a wholly owned subsidiary of Trilogy, and Chief Operating Officer for B-Side (acquired by Slated), a privately funded entertainment technology company. She has held other executive management roles at leading technology companies, including Coremetrics (acquired by IBM), Trilogy, Concero, Oracle and Accenture.

Ms. Khator has been Chancellor of the University of Houston System and President of the University of Houston since January 2008. Prior to her appointment, she was provost and senior vice president at the University of South Florida. Ms. Khator is a past Chair of the Federal Reserve Bank of Dallas and currently serves on the board of a number of national, international, state and local associations, including the American Athletic Conference (formerly Big East), American Council on Education, and Greater Houston Partnership.

"We conducted an exhaustive search for people who would further strengthen our Board's breadth of talent and background, and we are delighted to have identified such outstanding individuals whom I'm confident are going to make important and positive impacts on our company," said Richard Campo, Camden's Chairman and CEO. "Lewis and Gardner have provided sound, thoughtful guidance during their long tenure on the Camden Board, and their pursuit of the interests of our shareholders is an inspiration to all of us. On behalf of the entire Board and management team, I would like to thank them for their service to the Company."






President Keith Oden commented, "Heather will bring deep experience in helping organizations adapt technology, as well as leadership and management experience, to the board. Renu will bring her experience in overseeing a four-university organization that serves nearly 70,000 students, has an annual budget that exceeds $1.7 billion, and produces a $6 billion-plus economic impact on the Greater Houston area. We are very excited at the prospect of Heather and Renu joining our team and look forward to working with them."

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden (the "Company") operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Factors which may cause the Company's actual results or performance to differ materially from those contemplated by forward-looking statements are described under the heading "Risk Factors" in Camden's Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission. Forward-looking statements made in today's press release represent management's current opinions at the time of this publication, and the Company assumes no obligation to update or supplement these statements because of subsequent events.

About Camden

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 151 properties containing 52,506 apartment homes across the United States. Upon completion of seven properties under development, the Company's portfolio will increase to 54,925 apartment homes in 158 properties. Camden was recently named by FORTUNE® Magazine for the ninth consecutive year as one of the "100 Best Companies to Work For" in America, ranking #9.

For additional information, please contact Camden's Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.


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