Company: HPP
Filing Date: 2025-06-13
Form Type: 8-K
Source: 0001193125-25-140854
Chunk: 2

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 8-K
Item: Item 3.03
Chunk 2
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Item 3.03.      Material Modifications to Rights of Security Holders.  

Hudson Pacific Properties, Inc.

On June 12, 2025, the Company filed with the State Department of Assessments and Taxation of the State of Maryland Articles of Amendment (the “ Articles of Amendment”) to the Company’s charter increasing the number of authorized shares of common stock available for issuance from 481,600,000 to 722,400,000. No changes were made to the number of authorized shares of the Company’s preferred stock, par value $0.01 per share, available for issuance (currently 18,400,000, all of which are classified as 4.750% Series C Redeemable Preferred Stock). This description of the material terms of Articles of Amendment is qualified in its entirety by reference to the Articles of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form

8-K

and is hereby incorporated by reference into this Item 3.03.

Hudson Pacific Properties, L. P.

Information about the Partnership Agreement under Item 1.01 of this Current Report on Form

8-K

is incorporated by reference into this Item 3.03.

  Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On June 11, 2025, the Company announced that the Company’s Chief Executive Officer, Victor Coleman, President, Mark Lammas and Chief Financial Officer, Harout Diramerian, have agreed to forfeit their 2024 performance unit equity awards, resulting in $14.3 million of total general and administrative savings, approximately $4.9 million of which will be realized in 2025, with the remaining savings occurring over the next three years.

  Item 5.03      Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.  

Information about the Articles of Amendment under Item 3.03 of this Current Report on Form

8-K

is incorporated by reference into this Item 5.03.

  Item 8.01      Other Events.  

On June 11, 2025, the Company and the Operating Partnership entered into an underwriting agreement (the “ Underwriting Agreement”) with BofA Securities, Inc., Wells Fargo Securities, LLC and RBC Capital Markets, LLC, as representatives (the “ Representatives”) of the several underwriters named therein (collectively,