Business Context and Reporting Period
Company: Healthpeak Properties, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 24, 2025
Principal Executive Offices: Denver, CO
This filing reports the appointment of a new Chief Financial Officer effective immediately, pursuant to the Company's succession plan.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and personnel changes.
Material Changes
Executive Leadership Change:
- Position: Chief Financial Officer and Principal Financial Officer.
- Appointee: Kelvin O. Moses.
- Effective Date: April 24, 2025.
- Context: Appointment made under the Company's succession plan with no disclosed family relationships or conflicting arrangements.
Compensation and Management Commentary
Compensation Package for Kelvin O. Moses:
- Base Salary: $550,000 annually.
- Short-Term Incentive Plan (STIP): Eligible to participate (terms in 2025 Proxy Statement).
- Long-Term Incentive Plan (LTIP): Eligible to participate (terms in 2025 Proxy Statement).
- Equity Awards:
- Retentive equity award: $380,000 grant date fair value.
- Performance-based equity award: $570,000 grant date fair value.
- Other Benefits: Eligible for executive severance plans and other benefits described in the 2025 Proxy Statement.
Regulation FD Disclosure: A press release announcing the appointment is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the biographical details of Kelvin O. Moses in the definitive proxy statement on Schedule 14A filed March 12, 2025.
- Review the 2025 Proxy Statement for specific vesting criteria and terms of the STIP and LTIP.
- Confirm the details of the executive severance plans referenced in the filing.
- Check for any subsequent filings regarding the departure of the previous CFO, if applicable.