Business Context and Reporting Period
This Form 8-K Current Report was filed by Four Corners Property Trust, Inc. on November 9, 2017. The filing reports a corporate governance event occurring on the same date.
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 a board appointment and does not contain financial performance data.
Material Changes
The Board of Directors increased its size to seven members. Eric Hirschhorn, age 36, was appointed as a director effective November 9, 2017.
Management Commentary and Compensation Details
Mr. Hirschhorn's compensation package includes:
- A base annual cash retainer of $50,000.
- An annual award of $65,000 in restricted stock units, prorated to the annual grant date.
- The initial grant is scheduled to vest on December 23, 2017.
Mr. Hirschhorn is not a party to any transaction requiring disclosure pursuant to Item 404(a) of Regulation S-K. A press release announcing the appointment is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the vesting schedule and terms of the restricted stock units granted to Mr. Hirschhorn.
- Review the definitive proxy statement filed on April 28, 2017, for full details on director compensation standards.
- Confirm the total number of directors on the Board is now seven.