Strategic Realty Trust, Inc. Declares Distributions for the First Quarter of 2014, Payable on April 30, 2014
Mar 26 14
On March 24, 2014, the board of directors of Strategic Realty Trust, Inc. declared distributions for the first quarter of 2014 in the amount of $0.05 per share on the outstanding shares of common stock of the company, payable to shareholders of record of such shares as shown on the books of the company at the close of business on March 31, 2014. Such distributions will be paid on April 30, 2014.
Strategic Realty Trust, Inc. Appoints Terri Garnick as Treasurer
Feb 12 14
Strategic Realty Trust, Inc. board of directors appointed Terri Garnick to serve as the company's Treasurer on February 7, 2014. Ms. Garnick has served as the company's Chief Financial Officer since January 2014.
Strategic Realty Trust, Inc. Announces Executive Changes
Jan 28 14
On January 22, 2014, Strategic Realty Trust, Inc., the SRT Shareholders Coalition and Glenborough Property Partners, LLC, an affiliate of the company's property manager, Glenborough, LLC, entered into a settlement agreement to end the proxy contest in connection with the Company's 2013 annual meeting of stockholders. Pursuant to the terms of the Settlement Agreement, the Coalition has agreed not to nominate Todd A. Spitzer for election at the Annual Meeting and not to bring the proposal to remove each of the other members of the company's board of directors and replace the existing Board with the following nominees: Dianne Costa, Jerome Hagley, Michael Karas and Marshall Karr at the Annual Meeting.
John B. Maier II. As part of the Settlement Agreement, John B. Maier II resigned from the Company's Board, effective January 22, 2014. At this time of his resignation, Mr. Maier was the Chairman of the company's Board. Mr. Maier's resignation was not due to a disagreement with the Company. The Board appointed Mr. Maier to be Chairman Emeritus of the Board of Directors for a period of one year. Anthony W. Thompson. As part of the Settlement Agreement, Anthony W. Thompson resigned from the Board, effective January 22, 2014. At the time of his resignation, Mr. Thompson was the Chairman of the company's investment committee. Todd A. Spitzer. As part of the Settlement Agreement, on January 22, 2014, Todd Spitzer was appointed as a member of the Company's Board of Directors as a Class II director whose term will expire at the Company's 2014 annual meeting of stockholders. As part of the Settlement Agreement, effective January 22, 2014, Mr. Batinovich resigned as Chief Financial
Officer of the Company. Mr. Batinovich will continue in his role as Chief Executive Officer and Secretary of the Company. Effective January 22, 2014, the Board of Directors appointed Terri Garnick, 53, to serve as Chief Financial Officer of the company. As Chief Financial Officer, Ms. Garnick will be the Company's principal financial officer and will assume the responsibilities that were previously performed by Mr. Batinovich, who acted as principal financial officer of the Company since August 10, 2013. Prior to joining the Company, Ms. Garnick served as Senior Vice President and Chief Accounting Officer for Glenborough, LLC, a privately held full service real estate investment and management company focused on the acquisition, management and leasing of institutional quality commercial properties including retail, office and industrial properties, since April 2005. Ms. Garnick oversees all property management accounting, financial statement preparation, SEC reporting, cash management, internal audit, external audit coordination, and tax returns for Glenborough and its investment affiliates, as well as information technology and human resources functions. Garnick and Glenborough, LLC have been providing accounting services to the Company since May 2013. On January 22, 2014, each of the Company's post-settlement directors-Andrew Batinovich, Todd Spitzer, Jeffrey Rogers and Phillip Levin-executed a conditional letter of resignation. Each conditional letter of resignation will be effective only if the Company's stockholders pass a resolution for such director's removal from the Board of Directors without cause at or prior to the 2014 annual meeting of the stockholders of the Company.