Sun Communities, Inc. Announces Board Refreshment
Sun Communities (NYSE: SUI), a REIT specializing in manufactured housing, RV communities, and marinas, has announced upcoming changes to its Board of Directors as part of its board refreshment strategy. Three directors have announced their departure plans: Arthur A. Weiss will retire on December 31, 2024, Stephanie W. Bergeron will not seek re-election at the 2025 Annual Meeting, and Clunet R. Lewis plans to retire by the 2026 Annual Meeting. All directors will remain active until their respective departure dates. The company has engaged a director search firm to identify qualified board candidates.
Sun Communities (NYSE: SUI), un REIT specializzato in case prefabbricate, comunità di camper e porti turistici, ha annunciato prossimi cambiamenti nel suo Consiglio di Amministrazione come parte della sua strategia di rinnovamento del consiglio. Tre direttori hanno annunciato i loro piani di partenza: Arthur A. Weiss andrà in pensione il 31 dicembre 2024, Stephanie W. Bergeron non si ricandiderà all'Assemblea Annuale del 2025 e Clunet R. Lewis prevede di andare in pensione entro l'Assemblea Annuale del 2026. Tutti i direttori rimarranno attivi fino alle rispettive date di partenza. L'azienda ha ingaggiato una società di ricerca per identificare candidati idonei per il consiglio.
Sun Communities (NYSE: SUI), un REIT especializado en viviendas prefabricadas, comunidades de casas rodantes y marinas, ha anunciado próximos cambios en su Junta Directiva como parte de su estrategia de renovación del consejo. Tres directores han anunciado sus planes de salida: Arthur A. Weiss se retirará el 31 de diciembre de 2024, Stephanie W. Bergeron no buscará la reelección en la Asamblea Anual de 2025 y Clunet R. Lewis planea retirarse para la Asamblea Anual de 2026. Todos los directores permanecerán activos hasta sus respectivas fechas de salida. La empresa ha contratado a una firma de búsqueda de directores para identificar candidatos calificados para la junta.
선 커뮤니티(SUN Communities, NYSE: SUI)는 제조 주택, RV 커뮤니티 및 마리나를 전문으로 하는 REIT로서 이사회 갱신 전략의 일환으로 이사회에 대한 향후 변경 사항을 발표했습니다. 세 명의 이사가 퇴임 계획을 발표했습니다: 아서 A. 웨이스는 2024년 12월 31일 퇴임하며, 스테파니 W. 버거론은 2025년 연례 회의에서 재선에 나서지 않을 것이고, 클루넷 R. 루이스는 2026년 연례 회의까지 퇴임할 계획입니다. 모든 이사는 각자의 퇴임 날짜까지 계속 활동할 것입니다. 이 회사는 자격 있는 이사 후보자를 찾기 위해 검색 회사를 고용했습니다.
Sun Communities (NYSE: SUI), un REIT spécialisé dans les maisons manufacturées, les communautés de véhicules récréatifs et les marinas, a annoncé des changements à venir au sein de son Conseil d'Administration dans le cadre de sa stratégie de renouvellement du conseil. Trois administrateurs ont annoncé leurs projets de départ: Arthur A. Weiss prendra sa retraite le 31 décembre 2024, Stephanie W. Bergeron ne se représentera pas aux élections lors de l'Assemblée Générale de 2025, et Clunet R. Lewis prévoit de prendre sa retraite d'ici l'Assemblée Générale de 2026. Tous les administrateurs resteront actifs jusqu'à leurs dates de départ respectives. La société a engagé un cabinet de recherche pour identifier des candidats qualifiés au conseil.
Sun Communities (NYSE: SUI), ein REIT, das auf Fertighäuser, Wohnmobilen und Marinas spezialisiert ist, hat bevorstehende Änderungen in seinem Vorstand im Rahmen seiner Strategie zur Erneuerung des Vorstands angekündigt. Drei Direktoren haben ihre Abreisepläne bekannt gegeben: Arthur A. Weiss wird am 31. Dezember 2024 in den Ruhestand gehen, Stephanie W. Bergeron wird sich bei der Jahreshauptversammlung 2025 nicht zur Wiederwahl stellen und Clunet R. Lewis plant, bis zur Jahreshauptversammlung 2026 in den Ruhestand zu gehen. Alle Direktoren werden bis zu ihren jeweiligen Abreisedaten aktiv bleiben. Das Unternehmen hat eine Personalberatung engagiert, um geeignete Vorstandskandidaten zu identifizieren.
- Proactive board refreshment strategy indicates good corporate governance practices
- Staggered departure schedule ensures smooth transition and continuity
- Loss of three experienced board members within a relatively short timeframe
Southfield, MI, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities and marinas, announces several upcoming changes to its Board of Directors (the “Board”) as part of its ongoing refreshment strategy.
Arthur A. Weiss informed the Board that he will retire from the Board on December 31, 2024, Stephanie W. Bergeron informed the Board that she will not stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders, and Clunet R. Lewis informed the Board that he intends to retire from the Board no later than the Company’s 2026 Annual Meeting of Shareholders. Each of Mr. Weiss, Ms. Bergeron and Mr. Lewis will continue to actively serve on the Board until his or her respective retirement date.
The Company has retained a director search firm to assist in the identification of qualified candidates for the Board.
Cautionary Statement Regarding Forward Looking Statements:
This press release contains various “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. Forward-looking statements can be identified by words such as “will,” “may,” “could,” “expect,” “anticipate,” “believes,” “intends,” “should,” “plans,” “estimates,” “approximate,” “guidance,” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters.
These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control. These risks, uncertainties, and other factors may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include national, regional and local economic climates; risks related to natural disasters, such as hurricanes, earthquakes, floods, droughts and wildfires; existing or potential supply chain disruptions; wars and other international conflicts; difficulties in the Company's ability to evaluate, finance, complete and integrate acquisitions, developments and expansions successfully; the ability to maintain rental rates and occupancy levels; competitive market forces; the performance of recent acquisitions; changes in market rates of interest; changes in foreign currency exchange rates; the ability of purchasers of manufactured homes and boats to obtain financing; and the level of repossessions by manufactured home and boat lenders. Further details of potential risks that may affect the Company are described in the Company’s periodic reports filed with the U.S. Securities and Exchange Commission, including in the “Risk Factors” sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2023.
The forward-looking statements contained in this press release speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any forward-looking statements included or incorporated by reference into this document, whether as a result of new information, future events, changes in the Company's expectations or otherwise, except as required by law.
About Sun Communities, Inc.
Sun Communities, Inc. is a REIT that, as of September 30, 2024, owned, operated, or had an interest in a portfolio of 659 developed properties comprising approximately 179,130 developed sites and approximately 48,760 wet slips and dry storage spaces in the United States, Canada, and the United Kingdom.
For Further Information at the Company:
Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suninc.com
FAQ
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