Kilroy Realty Corporation · NYSE:KRC
Kilroy Realty — Proxy Contest (May 2020)
10 slides from Kilroy Realty's proxy contest presentation, May 7, 2020
Slide 1: Spring 2020 Proxy Season Update
Spring 2020 2020 Proxy Season Update
Slide 2: Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are no
Slide 3: KRC Financial and Operational Update
KRC FINANCIAL AND OPERATIONAL UPDATE As a Premier West Coast REIT, KRC Operates from Business Principles that Emphasize Financial Strength, Top-Quality Markets and Assets, and Strong Credit Tenants In the midst of the COVID-19 pandemic, our organization and people are well-prepared to weather this c
Slide 4: Strong Track Record of Outperformance
STRONG TRACK RECORD OF OUTPERFORMANCE CONSISTENT TSR OUTPERFORMANCE OVER THE PAST 10 YEARS Our Stabilized Portfolio, Disciplined Approach to Capital Allocation and Development, and Conservative Balance Sheet Have Created Long-Term Value for Stockholders +271% +152% +209% Note: Reflects total stockho
Slide 5: 2020 Compensation Program Updates
2020 COMPENSATION PROGRAM UPDATES Updates in Response to Stockholder Feedback Based on stockholder feedback, we increased performance-based RSUs to 100% of annual CEO LTI award and 75% of annual NEO LTI award, compared to a median of 60% weighting among our peer company CEOs(1) Increased relative TS
Slide 6: 2019 Executive Compensation Overview
2019 EXECUTIVE COMPENSATION OVERVIEW High proportion of at-risk and performance-based pay is designed to incentivize achievement of key strategic and financial performance measures, ensure alignment with stockholder interests, and help the Company attract and retain top talent in the highly competit
Slide 7: Employment Agreement with COO Jeffrey Hawken
EMPLOYMENT AGREEMENT WITH COO JEFFREY HAWKEN Mr. Hawken’s employment agreement is a legacy arrangement that dates back more than a decade and has not drawn any specific commentary or questions from our stockholders since that time, despite the fact that we proactively engage with a significant porti
Slide 8: Ongoing Commitment to Sustainability
ONGOING COMMITMENT TO SUSTAINABILITY ENERGY STAR Sustained Excellence – 2016 - 2020 Partner of the Year – 2014 - 2020 GRESB Green Star – 2013 - 2019 North America Sector Leader Listed Office – 2014 - 2019 NAREIT Leader in the Light Award, Office Sector – 2014 - 2019 70% ENERGY STAR Stabilized Portfo
Slide 9: Leader in Developing a Diverse Team
LEADER IN DEVELOPING A DIVERSE TEAM WORKFORCE DIVERSITY HIGHLIGHTS The Board has recently implemented enhancements that strengthen its oversight of culture and human capital matters and reinforce alignment with best practices around diversity and inclusion Updated our Corporate Governance Guidelines
Slide 10: We Request Your Support at the 2020 Annual Meeting
WE REQUEST YOUR SUPPORT AT THE 2020 ANNUAL MEETING The Board Asks That You Vote FOR All Management Proposals On The Ballot Proposal 1. FOR Election of Each of the Six Director Nominees Proposal 2. FOR Advisory Vote to Approve Named Executive Officer Compensation Proposal 3. FOR Approval of Amended a