Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) On
Residential (the "Company"). In connection withMr. Huque's appointment, the size of the Company'sBoard of Trustees was increased from 12 to 13.Mr. Huque was also appointed to serve on the Audit Committee effective as of such date. The Company has determined thatMr. Huque is independent of the Company and its management within the meaning of theNew York Stock Exchange listing standards. As a non-employee Trustee,Mr. Huque will receive an annual cash retainer of$80,000 , an annual retainer of$160,000 to be paid in share options, restricted shares and/or restricted units, and an additional$10,000 annual cash retainer for his service on the Audit Committee, with all such amounts prorated from the date of his appointment to the date of the Company's 2020 Annual Meeting of Shareholders. The Company will enter into an Indemnification Agreement withMr. Huque in substantially the same form that the Company has entered into with its other trustees and executive officers. The form of the Indemnification Agreement was filed as Exhibit 10.18 to the Company's Form 10-K for the year endedDecember 31, 2003 , filed with theSecurities and Exchange Commission onMarch 12, 2004 . A copy of the press release announcingMr. Huque's appointment to the Company'sBoard of Trustees is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 99.1 Press Release, datedNovember 20, 2019 , announcing the appointment of Tahsinul Zia Huque to theBoard of Trustees ofEquity Residential . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
--------------------------------------------------------------------------------
© Edgar Online, source