Every material Form 8-K Terreno Realty filed with the SEC in 2022, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Terreno Realty Corporation's board expanded by one seat and appointed Irene H. Oh as a director, effective January 1, 2023. She will also serve on the Nominating and Corporate Governance, Compensation, and Audit committees, and the board determined she meets applicable independence and qualification requirements. The change adds a board member rather than altering the company's financial results or operations.
Board appointed Irene H. Oh as a director on December 12, 2022, effective January 1, 2023
Board expanded by one seat to accommodate the appointment
Oh will serve on the Nominating and Corporate Governance, Compensation, and Audit committees
Oh will receive standard independent director compensation and enter an indemnification agreement
On September 2, 2022, Terreno Realty LLC, a subsidiary of Terreno Realty Corporation, signed a second amendment to its senior credit agreement to add a $100.00 million term loan maturing January 15, 2028. The filing also describes an accordion feature that could raise the facility by up to $500.0 million, to a maximum of $1.1 billion, subject to lender approval.
New $100.00 million term loan matures January 15, 2028; KeyBank National Association is administrative agent
Borrowings limited to the lesser of the $400.0 million revolver plus two $100.0 million term loans, or 60.0% of unencumbered property value
Interest priced at SOFR plus 1.0% to 1.45% for the revolver and 1.15% to 1.65% for term loans, based on leverage
Terreno Realty Corporation expanded its board by one seat and appointed Gary N. Boston as an independent director, effective October 1, 2022. He will serve on the Nominating and Corporate Governance, Compensation and Audit committees, and the board determined he meets applicable NYSE and Exchange Act requirements for those roles.
Board appointed Gary N. Boston as a director on August 25, 2022, effective October 1, 2022
Board seat expanded by one; Boston joins Nominating and Corporate Governance, Compensation and Audit committees
Boston will receive the standard independent director compensation and enter the same indemnification agreement used for other independent directors
Filing states Boston has no arrangement with any person for his appointment and no related-party transactions under Item 404(a)
On June 29, 2022, subsidiary Terreno Realty LLC signed a First Amendment to its Sixth Amended and Restated Senior Credit Agreement. The amendment raises the revolving credit facility by $150.0 million to $400.0 million, reduces the accordion feature by $150.0 million, and moves interest pricing to SOFR. The filing describes this as a change to the company's existing borrowing terms rather than a new capital raise.
Revolving credit facility increased by $150.0 million to $400.0 million; accordion feature decreased by $150.0 million.
Borrowings limited to the lesser of $400.0 million revolver plus a $100.0 million term loan maturing in January 2027, or 60.0% of unencumbered property value.
SOFR margin ranges from 1.0% to 1.45% for the revolver and 1.15% to 1.65% for the term loan, plus a 10 basis point credit adjustment.
KeyBank National Association is administrative agent; PNC, MUFG Union Bank, Regions, U.S. Bank, Citizens, Huntington and Goldman Sachs Bank USA are lenders on the amendment.
Terreno Realty Corp appointed Melinda Weston as Chief Accounting Officer effective immediately, with the board action dated May 3, 2022. Weston had been Senior Vice President and Controller since January 2021, and the filing states that CFO Jaime J. Cannon will no longer serve as principal accounting officer while remaining principal financial officer. The change is administrative in nature and does not involve any financial results or guidance.
Board appointed Melinda Weston as Chief Accounting Officer on May 3, 2022, effective immediately.
Weston, age 41, joined the company in 2013 and was Senior Vice President, Controller from January 2021 until her promotion.
Jaime J. Cannon, Executive Vice President and Chief Financial Officer, will stop serving as principal accounting officer but remains principal financial officer.
The company expects to enter into an indemnification agreement with Weston on terms consistent with those for other officers.
Terreno Realty said Executive Vice President Andrew Burke notified the company on April 7, 2022 that he accepted a new employment opportunity. His last day as an officer and employee will be April 15, 2022. The filing does not name a successor or describe his responsibilities, so the effect on operations is not stated.
Andrew Burke, Executive Vice President, notified Terreno on April 7, 2022 that he accepted a new job
Burke's last day as an officer and employee is April 15, 2022
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Terreno Realty filing is on SEC EDGAR ↗. 8-K briefs of other companies →