UDR, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by UDR, Inc. on October 3, 2025. The filing reports the appointment of a new member to the Board of Directors effective October 3, 2025.
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 corporate governance changes and does not contain financial performance data.
Material Changes
- Board Composition: The Board of Directors increased its size from eight to nine members.
- Appointment: Richard B. Clark was appointed as an independent director.
- Committee Assignments: Mr. Clark was appointed to the Nominating and Governance Committee and the Audit and Risk Management Committee.
Compensation and Governance Details
Mr. Clark is eligible for compensation under the independent director program, which includes:
- An annual retainer fee of $80,000.
- An annual grant of $200,000 in value of restricted stock, Class 1 LTIP Units, or Class 1 Performance LTIP Units.
- Compensation will be prorated due to the timing of the appointment.
- The Company will execute a standard indemnification agreement with Mr. Clark.
There are no related person transactions between Mr. Clark and the Company.
Key Facts for Investor Verification
- Verify the independence status of Richard B. Clark under NYSE listing standards.
- Confirm the specific prorated compensation amount to be paid to Mr. Clark for the remainder of the fiscal year.
- Review the attached press release (Exhibit 99.1) for additional biographical details on the new director.
- Monitor future filings for any changes to the Board's committee structures resulting from this appointment.