Routine CFO appointment with standard compensation package — no immediate trading signal. Monitor next quarterly earnings for any strategic comments from the new CFO, but the filing itself does not warrant action.
Price Chart
Executive Summary
UMH Properties entered into an employment agreement with new CFO/Treasurer Kevin Miller on June 18, 2026, effective June 1, 2026. The agreement covers a $430,000 base salary, 60% target cash bonus, and equity compensation minimum of $258,000 annually, with standard termination provisions including triple severance for non-cause termination. This is a routine officer appointment with no material financial impact on the company.
Key Facts
- Kevin Miller appointed Executive Vice President, Chief Financial Officer and Treasurer effective June 1, 2026
- Initial term ends January 1, 2027, with automatic one-year renewals
- Annual base salary of $430,000 (pro-rated for 2026)
- Annual target cash bonus equal to 60% of base salary
- Minimum annual equity award target of $258,000 under 2023 Equity Incentive Award Plan
- Severance: 3x (salary + avg bonus) for non-cause termination, paid over 36 months
- Change of control triggers lump-sum severance payment within 60 days
Financial Impact
Total annual compensation is approximately $688,000 base + bonus target ($430,000 base + $258,000 bonus target), plus equity minimum of $258,000. Against $1.3B market cap, this is immaterial at <0.1%.
Risk Factors
- Key-person risk limited as CFO role filled; no unexpected departure involved
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-029783 |
| Document: form8-k.htm | 0001493152-26-029783 |
| Document: 0001493152-26-029783-index-headers.html | 0001493152-26-029783 |
| Document: 0001493152-26-029783-index.html | 0001493152-26-029783 |
| Document: 0001493152-26-029783.txt | 0001493152-26-029783 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | 8-K | $15.41 $15.17 | ▼ −1.56% | ▼ −2.72% | $15.46 (+0.32%) |
Oct 1, 2026 25d ago | Press Release | $15.41 $15.17 | ▼ −1.56% | ▼ −2.72% | $15.46 (+0.32%) |
Oct 1, 2026 25d ago | Press Release | $15.41 $15.17 | ▼ −1.56% | ▼ −2.72% | $15.46 (+0.32%) |
Sep 15, 2026 5w ago | Press Release | $15.57 | awaiting T+5 | — | $15.46 (−0.71%) |
Aug 31, 2026 8w ago | 8-K | $16.20 $15.66 | ▼ −3.33% | ▼ −3.41% | $15.46 (−4.57%) |
Jul 2, 2026 16w ago | Press Release | $15.52 $15.28 | ▼ −1.55% | ▼ −2.48% | $15.46 (−0.39%) |
Jun 23, 2026 17w ago | 8-K | $15.33 $15.28 | ▼ −0.33% | ▼ −2.03% | $15.46 (+0.85%) |
May 29, 2026 21w ago | 8-K | $21.54 $22.03 | ▲ +2.27% | ▲ +2.57% | $15.46 (−28.23%) |
May 28, 2026 21w ago | 8-K | $21.66 $22.00 | ▲ +1.59% | ▲ +1.64% | $15.46 (−28.61%) |
May 15, 2026 23w ago | DEFA14A | $21.48 $21.70 | ▲ +1.05% | ▼ −0.57% | $15.46 (−28.01%) |
US Market Status
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