Business Context and Reporting Period
This Form 8-K Current Report is filed by Empire State Realty Trust, Inc. and Empire State Realty OP, L.P. on April 3, 2025, regarding an event that occurred on March 31, 2025. The registrants are real estate investment trusts and operating partnerships focused on commercial real estate, with securities traded on the New York Stock Exchange and NYSE Arca.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance and does not contain financial performance data.
Material Changes
The material change reported is the departure of a director. Thomas J. DeRosa, a member of the Board of Directors, Chair of the Compensation Committee, and member of the Audit Committee, notified the Company of his intention to retire and not stand for re-election at the 2025 Annual Meeting of Shareholders. Mr. DeRosa has served as a director since the Company's initial public offering in 2013.
Guidance, Outlook, and Management Commentary
Management stated that Mr. DeRosa's decision to retire is not due to any disagreement with the Company on any matter relating to its operations, policies, or practices. He will continue to serve as a director until the Annual Meeting, currently expected to be held on May 15, 2025. The Board and management expressed gratitude for his distinguished service and contributions. The filing contains no financial guidance, outlook, or discussion of risks and contingencies.
Key Facts for Investor Verification
- Thomas J. DeRosa will retire from the Board of Directors effective after the 2025 Annual Meeting.
- The 2025 Annual Meeting of Shareholders is currently expected to be held on May 15, 2025.
- Mr. DeRosa's departure is voluntary and unrelated to any disagreement with the Company.
- Mr. DeRosa will remain on the Board until the Annual Meeting concludes.