Item 5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective as of December 8, 2022, Elisabeth Stheeman, age 58, was elected to the
Board of Directors of W. P. Carey Inc. (the "Company"). Ms. Stheeman will be
eligible to participate in the Company's standard non-employee director
compensation program on a prorated basis, including being eligible to receive an
annual cash retainer and an annual grant of restricted stock under the W. P.
Carey Inc. 2017 Share Incentive Plan, as described further in the Company's
proxy statement for its 2022 annual meeting of stockholders, which was filed
with the Securities and Exchange Commission on March 28, 2022. There are no
other understandings or arrangements between Ms. Stheeman or any other person
and the Company or any of its subsidiaries pursuant to which Ms. Stheeman was
appointed to serve as a director. There are no transactions between Ms. Stheeman
or any of her immediate family members and the Company or any of its
subsidiaries that would be required to be reported under Item 404(a) of
Regulation S-K. Ms. Stheeman was appointed to the Nominating and Corporate
Governance and Investment Committees of the Board of Directors of the Company
On December 12, 2022, the Company issued a press release announcing the election
of Ms. Stheeman to the Board of Directors. A copy of that press release is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press release issued by W. P. Carey Inc. on December 12, 2022.
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
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