Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 25, 2021, Lance K. Parker was named Chief Operating Officer of
Alexander & Baldwin, Inc. (the "Company") by the Company's Board of Directors,
effective November 1, 2021. Mr. Parker, age 48, will remain an Executive Vice
President of the Company, a position he has held since March 2018. Mr. Parker,
who previously served as chief real estate officer, will continue to have
responsibility for managing the Company's real estate operations, including
management, leasing, development and acquisitions of commercial real estate
("CRE") properties. Mr. Parker first joined the Company in 2004 in its
acquisitions group and has held positions of increasing responsibility since
then, taking over leadership of the real estate operations in 2015. Under Mr.
Parker, the Company has transformed into a Hawai'i-focused CRE company and
developed a fully integrated, in-house property management and leasing function,
which has allowed the Company's CRE portfolio to expand significantly.
In connection with Mr. Parker's being named Chief Operating Officer, he will
receive an annual base salary of $440,000 effective November 1, 2021, and a
performance improvement incentive plan compensation target for the 2022
performance period equal to 100% of his base salary.
Item 7.01. Regulation FD Disclosure.
On November 1, 2021, the Company issued a press release announcing the promotion
of Mr. Parker, a copy of which is attached hereto as Exhibit 99.1. The
information in this Item 7.01, including Exhibit 99.1, is being furnished and
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section, nor shall it be deemed incorporated by reference into any filing
under the Securities Act of 1933, as amended, except as expressly set forth by
specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release issued November 1 , 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
ALEXANDER & BALDWIN, INC. 
