Elme Communities to pay three officers $7.75 million as retention agreements end
Bitget2026/11/02 21:13- Elme Communities will terminate three officers' retention agreements effective November 6, 2026, following the board's October 28 decision.
- Under agreements signed January 22, 2026, Paul McDermott will receive a $5.06 million cash lump sum.
- Tiffany Butcher will receive $1.66 million in cash; W. Drew Hammond will receive $1.03 million.
- Following the expected November 6 dissolution, the liquidating trust expects to engage Hammond and Butcher as part-time, as-needed consultants.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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