Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 22, 2021, the board of directors of Highlands REIT, Inc. (the
"Company") appointed Robert J. Lange to serve as Chief Operating Officer of the
Company ("COO"). Mr. Lange will continue to serve as Executive Vice President,
General Counsel and Secretary of the Company. In addition to his duties as
General Counsel and Secretary, Mr. Lange's responsibilities have included and
will continue to include a variety of operational functions, including strategic
planning, non-core asset management, investor relations, certain human resources
roles, as well as property insurance and corporate insurance.
Mr. Lange, 38, has served as Executive Vice President, General Counsel and
Secretary of the Company since June 2016. Prior to joining the Company, Mr.
Lange served as Vice President, Head Corporate Counsel and Assistant Secretary
at InvenTrust, the Company's former parent company. In that capacity, he oversaw
all aspects of InvenTrust's corporate legal affairs, including material
transactions, governance, public company reporting and compliance, employee
matters and executive compensation and benefits. Prior to joining InvenTrust in
2014, Mr. Lange practiced law at Skadden Arps Slate Meagher & Flom LLP, where he
represented companies in mergers and acquisitions and advised clients on a broad
variety of general corporate matters. Mr. Lange received a Bachelor of Business
Administration degree, with distinction, from the University of Wisconsin -
Madison and a Juris Doctor degree, with honors, from the University of Chicago.
In connection with his appointment as COO, Mr. Lange's annual base salary was
increased to $450,000. Other than this base salary increase, no new compensatory
arrangements were entered into with Mr. Lange as a result of his appointment.
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