Kilroy Realty Corporation · NYSE:KRC
Kilroy Realty — Shareholder Meeting (May 2019)
10 slides from Kilroy Realty's shareholder meeting presentation, May 8, 2019
Slide 1: Kilroy Realty 2019 Proxy Season Update
KILROY REALTY 2019 Proxy Season Update Spring 2019
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: Premier West Coast REIT
PREMIER WEST COAST REIT KRC’s competitive advantages and current market strength position us well for the long-term High Quality Stabilized Portfolio Premier West Coast Markets Strong Balance Sheet Life Science – Additional Catalyst for Growth Recognized Leader in Sustainability Highly Experienced M
Slide 4: Strong Value Creation: Track record of outperformance
STRONG VALUE CREATION Track record of outperformance KRC has generated long-term value for stockholders as a result of investments in our transformation, a disciplined approach to capital allocation and development, and conservative balance sheet. Under John Kilroy’s leadership, KRC has continued to
Slide 5: Executive Compensation Program
Our executive compensation program is designed to incentivize achievement of key strategic and financial performance measures, ensure alignment with stockholder interests, and help the Company attract and retain talent in the highly competitive West Coast employment and commercial real estate market
Slide 6: 2019 Compensation Program Updates
Introduced new process with specific weightings and maximums for each metric category Performance within each metric category will be assessed individually against pre-established objective goals and is assigned a maximum level of achievement Each metric category assigned a rating from “Extraordinar
Slide 7: Board determined to secure Mr. Kilroy's continued service
The Board determined to put a new employment agreement in place to secure Mr. Kilroy’s continued service, and to ensure alignment with stockholder value creation objectives for years to come The new employment agreement was a result of year-long negotiations Since September 2017, the Compensation Co
Slide 8: New CEO Employment Agreement
NEW CEO EMPLOYMENT AGREEMENT Our CEO’s new employment agreement secures his continued service and ensures alignment with the Company’s strategic and financial objectives for years to come Element Provision Key Features Base Salary $1.225 MM Consistent with base salary since 2012 Subject to annual re
Slide 9: Our Board of Directors
OUR BOARD OF DIRECTORS Highly qualified and experienced Board DIVERSE SKILLSET * Knowledge and experience with the top five industries that make up the majority of our tenant base (Technology; Life Science & Health Care; Media; and F.I.R.E – Finance, Insurance, and Real Estate) John Kilroy President
Slide 10: Best Practices: Compensation, Board & Governance
BEST PRACTICES Compensation, Board & Governance BOARD COMPENSATION Lead Independent Director with well-defined role and robust responsibilities Majority of directors are independent All principal Board committees composed of independent directors Established Corporate Social Responsibility & Sustain