Trinity Place Holdings Inc.

04/23/2024 | Press release | Distributed by Public on 04/23/2024 14:17

Management Change/Compensation - Form 8-K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 17, 2024, Trinity Place Holdings Inc. (the "Company") and Matthew Messinger, the chief executive officer of the Company, entered into an amendment to Mr. Messinger's employment agreement (the "Employment Agreement") pursuant to which, without waiving any party's rights under the Employment Agreement or otherwise, the parties agreed that the end of the 30-day cure period that the Company has to cure the circumstances provided in the written notice delivered by Mr. Messinger to the board of directors of the Company on March 18, 2024 of the occurrence of events which he maintains constitute "Good Reason" for termination in accordance the Employment Agreement, shall be extended until April 26, 2024.