Cousins Properties Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Cousins Properties Inc. on December 12, 2019. The filing reports a material event regarding the departure of a principal officer and the appointment of a successor.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: John D. Harris, Jr. notified the Company on December 6, 2019, of his decision to retire as Senior Vice President and Chief Accounting Officer, effective March 2020. He has served in this role since February 2005.
- Succession: Jeffrey D. Symes will join the Company on February 3, 2020, as Senior Vice President and will succeed Mr. Harris as Chief Accounting Officer, effective March 2020.
- Background: Mr. Symes previously served as Senior Vice President and Chief Accounting Officer at Learfield/IMG College and held multiple roles at FelCor Lodging Trust Incorporated.
- Disagreements: The Company confirmed there were no disagreements between Mr. Harris and the Company regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, outlook, or specific risk factors. It notes that Mr. Symes will receive a compensation package including base salary and incentive opportunities consistent with similarly situated officers.
Investor Verification Checklist
- Verify the effective date of the Chief Accounting Officer transition (March 2020).
- Confirm the start date for the new appointee, Jeffrey D. Symes (February 3, 2020).
- Review the Company's next quarterly report (10-Q) or annual report (10-K) for financial metrics not included in this 8-K.