Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective August 27, 2018, Frederick C. Tuomi, President and Chief Executive Officer of Invitation Homes Inc. (the “Company”) will be taking a temporary leave of absence to care for a family member’s medical issue and will relinquish his duties as an officer and director of the Company until further notice. There were no disagreements between Mr. Tuomi and the Company on any matter relating to the Company’s operations, policies and practices that resulted in his decision.
In connection with Mr. Tuomi’s leave of absence, effective August 27, 2018, the Board of Directors of the Company appointed Mr. Dallas B. Tanner, the Company’s Executive Vice President and Chief Investment Officer, to serve as Interim President (principal executive officer). Mr. Tanner will also continue to serve as the Company’s Executive Vice President and Chief Investment Officer during this interim period.
Mr. Tanner, 38, has served as the Company’s Executive Vice President and Chief Investment Officer since April 2012. Mr. Tanner was a founding member of the Company’s business and has served as Executive Vice President and Chief Investment Officer of the Company, and from April 2012 until the Company’s initial public offering in February 2017, served on the Boards of the Company predecessor entities. He has over 17 years of real estate experience through the establishment of numerous real estate platforms prior to the Company.
The appointment of Mr. Tanner was not pursuant to any arrangement or understanding between him and any other person. There is no family relationship between Mr. Tanner and any director or executive officer of the Company. The compensation arrangements for Mr. Tanner, as disclosed in the Company’s annual proxy statement filed with the Securities and Exchange Commission on April 26, 2018, remain in effect as of this time, although changes may occur in the future.
Attached as Exhibit 99.1 to this Current Report on Form8-K is a copy of the Company’s press release with respect to the foregoing.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.