Camden Property Trust
08/31/2026 | Press release | Distributed by Public on 08/31/2026 14:39
Material Agreement, Management Change/Compensation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
The information contained in Item 5.02 below is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously announced, effective as of August 31, 2026, D. Keith Oden retired as Executive Vice Chairman of the Board of Trust Managers of Camden Property Trust (the "Company"). Mr. Oden will continue to serve as a member of the Board of Trust Managers of the Company. In connection with Mr. Oden's retirement, the Company and Camden Development, Inc., a wholly-owned subsidiary of the Company, on one hand, and Mr. Oden, on the other hand, entered into a Separation and Release Agreement (the "Separation Agreement") pursuant to which Mr. Oden's current employment agreement with the Company was terminated and Mr. Oden will receive various payments representing the anticipated value of previously accrued for amounts he would have been eligible to receive in February 2027 had he remained employed through such date. Such payments will be credited to a cash deferral account established in Mr. Oden's name under the Company's Non-Qualified Deferred Compensation Plan, as amended and restated (the "DCP"). Once credited, the deferred compensation credit amount is subject to all applicable terms and conditions of the DCP.
A copy of the Separation Agreement is filed as Exhibit 10.1 to this Current Report, and the description of the terms of the Separation Agreement is qualified in its entirety by reference to such Exhibit, which is incorporated herein by reference.
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