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AI brief of an SEC Form 8-K · UDR (UDR)

UDR President and CIO Joe Fisher to step down; CEO Tom Toomey adds President role

Neutral Impact 4 of 5 leadership Written later

UDR, Inc. said President and Chief Investment Officer Joseph D. Fisher is resigning effective the close of business on September 2, 2025, under a separation agreement. CEO Tom Toomey was appointed President in addition to his current roles, and other senior managers will take over Fisher's responsibilities.

Key points

  • Fisher's separation package includes $3.0 million in severance on signing plus $3.0 million contingent severance paid over 12 months
  • Contingent severance is subject to a 50% clawback if Fisher breaches the agreement
  • Fisher will provide transition assistance through December 31, 2025 and receive group health benefits through September 30, 2030, under certain conditions

The filing

CompanyUDR (UDR)
Form8-K, current report
Filed with the SECSep 2, 2025, 4:16 PM ET
Accession number0000074208-25-000059

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2025.

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.