UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 8, 2022, Stephen E. Riffee, Elme Communities’ (“Elme”) Executive Vice President and Chief Financial Officer, provided notice to Elme of his intention to retire, effective at the end of February 2023. Steven Freishtat is expected to succeed Mr. Riffee as Chief Financial Officer following Mr. Riffee’s retirement.
Mr. Freishtat, age 48, joined Elme in November 2015 and currently serves as Vice President, Finance, a position he has held since 2020. In this capacity, he manages Elme’s financial planning and analysis, capital markets and treasury functions. He previously served as Elme’s Senior Director, Finance, from 2018 to 2020, Director, Finance, from 2017 to 2018 and Finance Manager from 2015 to 2017. Prior to joining Elme, Mr. Freishtat held positions at CapitalSource Inc. from 2004 to 2015, most recently as Vice President, Corporate Finance, and at Marriott International. Mr. Freishtat holds a Bachelor of Science degree in Finance from Indiana University and a Masters of Business Administration from the Goizueta School of Business at Emory University.
Item 7.01 Regulation FD Disclosure.
On November 9, 2022, Elme issued a press release announcing its CFO Succession Plan. A copy of the press release is attached as Exhibit 99.1. This information is being furnished pursuant to Item 7.01 of Form 8-K. This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press release issued November 9, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ELME COMMUNITIES | ||||||||
| (Registrant) | ||||||||
| By: | /s/ W. Drew Hammond | |||||||
| (Signature) | ||||||||
| W. Drew Hammond | ||||||||
| Vice President, Chief Accounting Officer | ||||||||
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November 9, 2022 | |||||||
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(Date) | |||||||