Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
EffectiveFebruary 20, 2020 ,Mark D. Gibson was appointed to theBoard of Trust Managers ofCamden Property Trust (the "Company"). The Company's corporate governance policies provide that generally an independent Trust Manager will not be nominated for re-election as a Trust Manager following the Trust Manager's 75th birthday. As a result of this policy,William B. McGuire , Jr. will retire from the Board effective as of the time of the 2020 annual meeting of shareholders, scheduled to be held onMay 13, 2020 . The appointment ofMr. Gibson to the Board was made in anticipation of this retirement. A copy of the press release issued in connection with this action is attached hereto as Exhibit 99.1.Mr. Gibson is eligible to receive cash compensation and share awards pursuant to the Company's Trust Manager compensation policy in connection with his service to the Board.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits. Exhibit Number Title
99.1 Press Release datedFebruary 20, 2020 . 1
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