People: PS Business Parks Inc (PSB)
PSB on New York Consolidated
81.45USD
24 May 2013
81.45USD
24 May 2013
Price Change (% chg)
$-1.35 (-1.63%)
$-1.35 (-1.63%)
Prev Close
$82.80
$82.80
Open
$82.59
$82.59
Day's High
$82.59
$82.59
Day's Low
$81.06
$81.06
Volume
48,382
48,382
Avg. Vol
79,737
79,737
52-wk High
$86.94
$86.94
52-wk Low
$63.24
$63.24
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Ronald Havner |
55 | 2003 | Chairman of the Board |
Joseph Russell |
53 | 2003 | President, Chief Executive Officer, Director |
Edward Stokx |
47 | 2004 | Chief Financial Officer, Executive Vice President, Secretary |
John Petersen |
49 | 2004 | Chief Operating Officer, Executive Vice President |
Maria Hawthorne |
53 | 2011 | Executive Vice President, East Coast |
Jennifer Dunbar |
50 | 2009 | Independent Director |
James Kropp |
64 | 1998 | Independent Director |
Sara Lewis |
45 | 2012 | Independent Director |
Michael McGee |
57 | 2006 | Independent Director |
Gary Pruitt |
63 | 2012 | Independent Director |
Peter Schultz |
65 | 2012 | Independent Director |
Biographies
| Name | Description |
|---|---|
Ronald Havner |
Mr. Ronald L. Havner, Jr., serves as Chairman of the Board of PS Business Parks Inc. He is is Chairman of the Board, President, and Chief Executive Officer and a member of the board of Public Storage, an affiliate of PS Business Parks, since November 2002. He has been Chairman of PS Business Parks since March 1998 and was Chief Executive Officer of PS Business Parks from March 1998 until August 2003. He is also a member of the Board of Governors and the Executive Committee of the National Association of Real Estate Investment Trusts, Inc. (NAREIT), serving as Vice Chair. He is also a member of NYU REIT Center Board of Advisors and a director of Business Machine Security, Inc. During the last five years, Mr. Havner also served on the boards of Union BanCal Corporation and its subsidiary, Union Bank of California, and General Finance Corporation. |
Joseph Russell |
Mr. Joseph D. Russell, Jr., serves as President, Chief Executive Officer, Director of PS Business Parks Inc. He has been Chief Executive Officer and a director of PS Business Parks since August 2003 and President of PS Business Parks since September 2002. Before joining PS Business Parks, Mr. Russell had been employed by Spieker Properties, an owner and operator of office and industrial properties in northern California, and its predecessor for more than ten years, becoming an officer of Spieker Properties when it became a publicly held REIT in 1993. When Spieker Properties merged with Equity Office Properties Trust in 2001, Mr. Russell was President of Spieker Properties’ Silicon Valley Region. He is a member of the Board of Governors of NAREIT. |
Edward Stokx |
Mr. Edward A. Stokx serves as Chief Financial Officer, Executive Vice President, Secretary of PS Business Parks Inc. He is a certified public accountant and has been Chief Financial Officer and Secretary of the Company since December, 2003 and Executive Vice President since March, 2004. Mr. Stokx has overall responsibility for the Company’s finance and accounting functions. In addition, he has responsibility for executing the Company’s financial initiatives. Mr. Stokx joined Center Trust, a developer, owner, and operator of retail shopping centers in 1997. Prior to his promotion to Chief Financial Officer and Secretary in 2001, he served as Senior Vice President, Finance and Controller. After Center Trust’s merger in January, 2003 with another public REIT, Mr. Stokx provided consulting services to various entities. Prior to joining Center Trust, Mr. Stokx was with Deloitte and Touche from 1989 to 1997, with a focus on real estate clients. Mr. Stokx earned a Bachelor of Science degree in Accounting from Loyola Marymount University. |
John Petersen |
Mr. John W. Petersen serves as Chief Operating Officer, Executive Vice President of PS Business Parks Inc. Prior to joining the Company, Mr. Petersen was Senior Vice President, San Jose Region, for Equity Office Properties from July, 2001 to December, 2004, responsible for 11.3 million square feet of multi-tenant office, industrial and R&D space in Silicon Valley. Prior to EOP, Mr. Petersen was Senior Vice President with Spieker Properties, from 1995 to 2001 overseeing the growth of that company’s portfolio in San Jose, through acquisition and development of nearly three million square feet. Mr. Petersen is a graduate of The Colorado College in Colorado Springs, Colorado, and was recently the President of National Association of Industrial and Office Parks, Silicon Valley Chapter. |
Maria Hawthorne |
Ms. Maria R. Hawthorne serves as Executive Vice President, East Coast of PS Business Parks Inc. Ms. Hawthorne was promoted to Executive Vice President, East Coast of the Company in February, 2011. Ms. Hawthorne served as Senior Vice President from March, 2004 to February, 2011, with responsibility for property operations on the East Coast, which includes Virginia, Maryland and Florida. From June, 2001 through March, 2004, Ms. Hawthorne was Vice President of the Company, responsible for property operations in Virginia. From July, 1994 to June, 2001, Ms. Hawthorne was a Regional Manager of the Company in Virginia. From August, 1988 to July, 1994, Ms. Hawthorne was a General Manager, Leasing Director and Property Manager for American Office Park Properties. Ms. Hawthorne earned a Bachelor of Arts Degree in International Relations from Pomona College. |
Jennifer Dunbar |
Ms. Jennifer Holden Dunbar serves as an Independent Director of PS Business Parks Inc. She is is a member of the Audit and Compensation Committees, and became a director of PS Business Parks in February 2009. Since March 2005, Ms. Dunbar has served as Co-Founder and Managing Director of Dunbar Partners, LLC, an investment and advisory services firm. From 1994 to 1998, Ms. Dunbar was a Partner with Leonard Green and Partners, L.P., a private equity firm which she joined in 1989. During 2007 and 2008, Ms. Dunbar was a member of the Board of Directors of 99 Cents Only Stores, where she served on the Audit and Nominating & Governance Committees and chaired the Compensation Committee. Since 2004, Ms. Dunbar has also been a member of the board of directors of Big 5 Sporting Goods Corporation, where she serves on the Audit and Compensation Committees and chairs the Nominating Committee. |
James Kropp |
Mr. James H. Kropp serves as an Independent Director of PS Business Parks Inc. He is Chairman of the Compensation Committee and a member of the Nominating/Corporate Governance Committee and became a director of PS Business Parks in March 1998. Mr. Kropp has been the Chief Investment Officer at SLKW Investments LLC (successor to i3 Funds LLC) since 2009 and has been a director as well as Chairman of the Audit Committee of Corporate Capital Trust, Inc., a registered investment company, since February 2011. He has also been the Chief Financial Officer of Microproperties LLC, an owner and asset manager of net leased restaurant properties, since August 2012. In November 2012, Mr. Kropp joined the board and was appointed Chairman of the Audit Committee of American Homes 4 Rent LLC. He served as interim Chief Financial Officer of TaxEase LLC from 2009 to February 2013 and as a trustee as well as Chairman of the Audit Committee and a member of the Governance and Independent Trustee Committees of The CNL Funds, a registered investment company, from May 2007 until February 2010. He was Senior Vice President-Investments of Gazit Group USA, Inc., a real estate investor, from 2006 to 2008. He was also a director of Trustees Properties Inc. and its predecessor, US Restaurant Properties Inc., from 2002 through February 2007, and served as Chairman of its Audit Committee and Compensation Committee, and as a member of its Nominating and Corporate Governance Committee, during his tenure. |
Sara Lewis |
Ms. Sara Grootwassink Lewis serves as Independent Director of PS Business Parks Inc. She is Chairman of the Audit Committee and a member of the Nominating/Corporate Governance Committee and became a director of PS Business Parks in February 2010. She is currently Chief Executive Officer of Lewis Corporate Advisors, LLC, a capital markets and board advisory firm. She served as Executive Vice President and Chief Financial Officer of Washington Real Estate Investment Trust, which owns and operates a diversified group of properties in the Washington, D.C. area, from May 2002 through February 2009. She has been a member of the Board of Directors of CapitalSource Inc. since 2004 and is the Chair of its Audit Committee and its Nominating and Corporate Governance Committee, and a member of its Compensation Committee. Ms. Lewis is also a Chartered Financial Analyst and Certified Public Accountant, registered in the State of Illinois. |
Michael McGee |
Mr. Michael V. McGee serves as an Independent Director of PS Business Parks Inc. He is a member of the Audit Committee, the Compensation Committee and is Chairman of the Nominating/Corporate Governance Committee and became a director of PS Business Parks in August 2006. Mr. McGee has been President and Chief Executive Officer of Pardee Homes since 2000. Mr. McGee is also a member of the Board of Directors of HomeAid America. Mr. McGee has a J.D. degree from Southwestern University. |
Gary Pruitt |
Mr. Gary E. Pruitt serves as an Independent Director of PS Business Parks Inc. He is a member of the Compensation Committee and became a director of PS Business Parks in February 2012. He served as Chairman and Chief Executive Officer of Univar N.V. from 2002 until his retirement as Chief Executive Officer in 2010 and as Chairman in 2011. Univar N.V. is a chemical distribution company based in Bellevue, Washington, with distribution centers in the United States, Canada and Europe. Mr. Pruitt is also a trustee of Public Storage and a director of Itron, Inc. and Esterline Technologies Corp. |
Peter Schultz |
Mr. Peter Schultz serves as an Independent Director of PS Business Parks Inc. He is a member of the Audit Committee and became a director of PS Business Parks in February 2012. He served as President, Chief Executive Officer and a director of The Beacon Group, Inc. and its affiliates for more than 25 years until his retirement in 2010. Under his leadership, The Beacon Group, Inc., based in Southern California, and its affiliates, engaged in the development and management of more than three million square feet of retail, industrial, hospitality and residential projects. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Ronald Havner |
134,460 |
Joseph Russell |
1,093,020 |
Edward Stokx |
575,892 |
John Petersen |
786,475 |
Maria Hawthorne |
575,802 |
Jennifer Dunbar |
-- |
James Kropp |
-- |
Sara Lewis |
-- |
Michael McGee |
-- |
Gary Pruitt |
-- |
Peter Schultz |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Ronald Havner |
275,036 | 4,549,761 |
Joseph Russell |
219,143 | 3,657,850 |
Edward Stokx |
80,000 | 870,933 |
John Petersen |
61,000 | 440,370 |
Maria Hawthorne |
49,334 | 890,818 |
Jennifer Dunbar |
0 | 0 |
James Kropp |
0 | 0 |
Sara Lewis |
0 | 0 |
Michael McGee |
0 | 0 |
Gary Pruitt |
0 | 0 |
Peter Schultz |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
KROPP JAMES H |
1,500 | $85.46 |
STOKX EDWARD A |
6,000 | $84.99 |
STOKX EDWARD A |
6,000 | $52.35 |
RUSSELL JOSEPH DARRYL JR |
10,000 | $83.92 |
RUSSELL JOSEPH DARRYL JR |
5,000 | $83.76 |
HAWTHORNE MARIA R |
8,000 | $76.05 |
HAWTHORNE MARIA R |
8,000 | $52.35 |
PETERSEN JOHN W |
8,000 | $45.51 |
PETERSEN JOHN W |
8,000 | $75.45 |
RUSSELL JOSEPH DARRYL JR |
2,227 | $63.78 |
HAWTHORNE MARIA R |
4,000 | $52.35 |
HAWTHORNE MARIA R |
4,000 | $63.66 |
HAWTHORNE MARIA R |
3,500 | $63.65 |
RUSSELL JOSEPH DARRYL JR |
2,227 | $43.75 |
STOKX EDWARD A |
2,200 | $63.50 |
RUSSELL JOSEPH DARRYL JR |
200 | $64.55 |
RUSSELL JOSEPH DARRYL JR |
200 | $43.75 |
RUSSELL JOSEPH DARRYL JR |
7,500 | $43.75 |
RUSSELL JOSEPH DARRYL JR |
7,500 | $65.05 |
HAWTHORNE MARIA R |
12,000 | $52.35 |
HAWTHORNE MARIA R |
12,000 | $70.66 |
PETERSEN JOHN W |
5,000 | $45.51 |
PETERSEN JOHN W |
5,000 | $70.29 |
HAVNER RONALD L JR |
700 | $70.00 |
HAVNER RONALD L JR |
1,300 | $69.99 |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
