UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 17, 2016
WCI Communities, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-36023 | 27-0472098 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
24301 Walden Center Drive Bonita Springs, Florida |
34134 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (239) 947-2600
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Annual Base Salary Increases
On February 17, 2016, the Compensation Committee of the Board of Directors of WCI Communities, Inc. approved salary increases for the following named executive officers, effective as of January 1, 2016: (i) Keith E. Bass, President and Chief Executive Officer, whose annual base salary was increased to $900,000; (ii) Russell Devendorf, Senior Vice President and Chief Financial Officer, whose annual base salary was increased to $400,000; and (iii) David T. Ivin, Senior Vice President of Homebuilding and Development; President, North Region, whose annual base salary was increased to $275,000.
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.
WCI COMMUNITIES, INC. |
/s/ Vivien N. Hastings |
Vivien N. Hastings |
Senior Vice President, Secretary and General Counsel |
Date: February 19, 2016