Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On August 18, 2020, the Board of Directors (the "Board") of Starwood Property
Trust, Inc. (the "Company") increased the size of the Board from seven to eight
directors and appointed Frederick Perpall to serve as a member of the Board. Mr.
Perpall was also appointed as a member of the Audit Committee and the Investment
Committee of the Board.
Mr. Perpall, age 45, is the chief executive officer of The Beck Group, where he
leads the firm's domestic and international architectural design, planning, real
estate consultancy and construction businesses. Mr. Perpall currently serves as
an independent director of Triumph Bancorp Inc. and as the chairman of the
Dallas Citizens Council. Mr. Perpall earned his bachelor's and master's degrees
from the University of Texas at Arlington and is a graduate of the Harvard
Business School's Advanced Management Program.
As a non-executive director, Mr. Perpall will receive compensation in the same
manner as the Company's other non-executive directors. For a description of the
Company's non-executive director compensation program, see "Non-Employee
Director Compensation" in the Company's Proxy Statement for the 2020 Annual
Meeting of Stockholders, filed with the Securities and Exchange Commission on
March 20, 2020.
The Company issued a press release on August 20, 2020 announcing the appointment
of Mr. Perpall to the Board, a copy of which is attached as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release dated August 20, 2020, issued by Starwood Property
Trust, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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