UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective August 9, 2021, Easterly Government Properties Trust, Inc. (the “Company”) appointed Allison E. Marino to serve as the Company’s Senior Vice President and Chief Accounting Officer.
Prior to joining the Company, Ms. Marino, 37, served as Vice President and Corporate Controller of Carr Properties, a private real estate trust focused on the ownership, acquisition and development of office properties, from February 2020 to August 2021. She first joined Carr Properties in 2015 as a Director of Accounting. Prior to that, Ms. Marino served in Marriott International, Inc.’s Financial Reporting and Analysis group from 2010 to 2015 in various capacities including as a Senior Manager and Manager. She began her career at Ernst & Young, LLP in its real estate practice. Ms. Marino is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. She earned her Bachelor of Science in Business Administration from the University of Pittsburgh and her Master of Business Administration from the University of North Carolina.
There were no arrangements or understandings between Ms. Marino and any other persons pursuant to which Ms. Marino received her appointment. Ms. Marino does not have any family relationships subject to disclosure under Item 401(d) of Regulation S-K or any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with her appointment, Ms. Marino was awarded a grant of shares of restricted common stock of the Company having a value of approximately $250,000, 60% of which will vest two years from the grant date and 40% of which will vest four years from the grant date, in each case subject to Ms. Marino’s continued service with the Company.
The Company and Ms. Marino also entered into an indemnification agreement in substantially the same form as the Company has entered into with its executive officers. The indemnification agreement requires, among other matters, that the Company indemnify and advance expenses to Ms. Marino to the fullest extent permitted by Maryland law for all expenses and liabilities arising out of any proceeding involving Ms. Marino by reason of her service as an officer of the Company.
Ms. Marino will serve as the principal accounting officer of the Company. Meghan G. Baivier, the Company’s Executive Vice President, Chief Financial Officer and Chief Operating Officer and former principal accounting officer, will continue to serve as the Company’s principal financial officer.
Item 7.01 Regulation FD Disclosure.
On August 11, 2021, the Company issued a press release announcing the appointment of Ms. Marino as the Company’s Senior Vice President and Chief Accounting Officer. A copy of that press release is furnished as Exhibit 99.1 to this Current Report. The information in this Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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99.1 |
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104 |
Cover Page Interactive Data File (embedded within the inline XBRL document.) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EASTERLY GOVERNMENT PROPERTIES, INC. |
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By: |
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/s/ William C. Trimble, III |
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Name: |
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William C. Trimble, III |
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Title: |
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Chief Executive Officer and President |
Date: August 11, 2021
Exhibit 99.1
EASTERLY GOVERNMENT PROPERTIES APPOINTS ALLISON MARINO AS
CHIEF ACCOUNTING OFFICER
WASHINGTON, D.C. – August 11, 2021 – Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, today announced that Allison Marino has been appointed Senior Vice President and Chief Accounting Officer of the Company, effective August 9, 2021.
“Allison’s appointment as Senior Vice President and Chief Accounting Officer comes at an exciting time in Easterly’s growth trajectory,” commented Meghan G. Baivier, Easterly’s Chief Financial and Operating Officer. “Allison’s breadth of experience will be instrumental in guiding our accounting team through this growth and progression.”
Prior to joining Easterly, Ms. Marino served as Vice President and Corporate Controller at Carr Properties, a private real estate investment trust focused on the ownership, acquisition and development of office properties. Ms. Marino joined Carr Properties in May 2015 where she was responsible for managing the company’s Accounting and Revenue Recognition departments, including issuance of financial statements in Generally Accepted Accounting Principles and International Financial Reporting Standards. Ms. Marino has over 10 years of experience in the commercial real estate and hospitality industries.
Prior to joining Carr Properties, Ms. Marino served in Marriott International’s Financial Reporting and Analysis group. She began her career at Ernst & Young, LLP in their Real Estate practice.
Ms. Marino received her Bachelor of Science in Business Administration from the University of Pittsburgh, her Master’s in Business Administration from the University of North Carolina and is an active Certified Public Accountant.
About Easterly Government Properties, Inc.
Based in Washington, D.C., Easterly Government Properties, Inc. (NYSE:DEA) focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly Government Properties’ experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “will,” “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited, those risks and uncertainties associated with the Company’s business described from time to time in
its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed on February 24, 2021. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the Company can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in its expectations.
Contact:
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Vice President, Investor Relations and Operations
202-596-3947
IR@easterlyreit.com