Mid-America Apartment Communities, Inc. (MAA) recently announced the retirement of Toni Jennings from the Board of Directors, effective before the May 21, 2024 Annual Meeting of Shareholders. This move is part of the company’s planned board refreshment strategy and retirement policy. The Board of Directors has also approved a reduction in the number of authorized directors to 12.
Chairman of the Board, Eric Bolton, expressed gratitude for Toni Jennings’ contributions over her 12½-year tenure with both Post and MAA. Her dedication has been instrumental in the company’s growth and success. The Nominating and Corporate Governance Committee, in partnership with the Board of Directors, continuously manages director succession and refreshment strategies. In preparation for Jennings’ retirement and future planned retirements, the board nominated three new directors at the 2023 Annual Meeting of Shareholders to ensure a seamless transition.
MAA, a member of the S&P 500, is a self-administered real estate investment trust (REIT) with ownership interests in apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. The company is committed to delivering strong, full-cycle investment performance. For further information, visit the “For Investors” page on their website at http://www.maac.com.
As MAAM continues to evolve and grow, they are dedicated to maintaining a diverse and skilled board of directors. By proactively planning for transitions like Toni Jennings’ retirement, the company ensures a smooth and effective governance structure. The recent nomination of three new directors is a testament to MAAM’s commitment to strategic leadership and succession planning.
The departure of Toni Jennings from the Board of Directors marks the end of a valuable chapter for both MAA and Post. Her contributions have been significant, and the company is grateful for her service. The Board of Directors looks forward to the future as they continue to implement their succession and refreshment strategies to drive continued growth and success for MAAM shareholders.
For more information about MAAM and their investment opportunities, visit their website or contact Investor Relations. Stay tuned for updates as MAAM navigates this transition period and positions itself for future success.
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