# EDGAR Filing Document

**Accession Number:** 0001482512
**File Stem:** 0001482512-23-000073
**Filing Date:** 2023-3
**Character Count:** 5706
**Document Hash:** 539bf1e4df239acfefc240efd39321fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001482512-23-000073.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001482512-23-000073

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230313

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hudson Pacific Properties, Inc.
- **CENTRAL INDEX KEY:** 0001482512
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 271430478
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34789
- **FILM NUMBER:** 23728546

**BUSINESS ADDRESS:**
- **STREET 1:** 11601 WILSHIRE BLVD.
- **STREET 2:** NINTH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (310) 445-5700

**MAIL ADDRESS:**
- **STREET 1:** 11601 WILSHIRE BLVD.
- **STREET 2:** NINTH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

?xml version="1.0" ? hpp-20230313

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

_________________________________

**FORM 8-K** 

_________________________________

**CURRENT REPORT**

**Pursuant to Section 13 OR 15 (d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): March 13, 2023** 

_________________________________

**Hudson Pacific Properties, Inc.** 

**(Exact name of registrant as specified in its charter)** 

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| | | |
|:---|:---|:---|
| **Maryland** | **001-34789** | **27-1430478** |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |

---

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| | | |
|:---|:---|:---|
| **11601 Wilshire Blvd., Ninth Floor** | **11601 Wilshire Blvd., Ninth Floor** | |
| **Los Angeles,** | **California** | **90025** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

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**Registrant's telephone number, including area code: (310) 445-5700** 

**Not Applicable**

(Former name or former address, if changed since last report)

_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.01 par value | HPP | New York Stock Exchange |
| 4.750% Series C Cumulative Redeemable Preferred Stock | HPP Pr C | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 8.01 Other Events**

On March 10, 2023, Silicon Valley Bank ("SVB") was closed by the California Department of Financial Protection and Innovation, which immediately appointed the Federal Deposit Insurance Corporation ("FDIC") as receiver. On Sunday, March 12, 2023, the U.S. Treasury, the Federal Reserve Board, and the FDIC announced a set of extraordinary actions to ensure that SVB depositors have access to all of their money starting on Monday, March 13, 2023.

Hudson Pacific Properties, Inc. (also referred to herein as "Hudson Pacific" or the "Company") does not have any bank accounts with SVB, any loans to or from SVB, or any other amounts due to or due from SVB. Hudson Pacific has no leases with SVB.

Hudson Pacific does not have investments in any venture funds led by SVB and/or its affiliates, but some tenants and venture investments may have banking relationships or other business relationships with SVB.

As of March 13, 2023, 11 of Hudson Pacific's nearly 900 unique tenants, collectively occupying approximately 2% of the Company's in-service office square footage, have letters of credit issued by SVB and/or its affiliates. Hudson Pacific is working with such tenants to replace these letters of credit with another acceptable letter of credit as required under their respective lease agreements.

On Sunday, March 12, 2023, the New York Department of Financial Services announced that it had closed New York-based Signature Bank and appointed the FDIC as a receiver. Hudson Pacific does not have direct exposure to Signature Bank, including letter of credit exposure.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | **HUDSON PACIFIC PROPERTIES, INC.** | **HUDSON PACIFIC PROPERTIES, INC.** |
| Date: | March 13, 2023 | By: | /s/ Mark Lammas |
|  |  |  | Mark Lammas<br>President |

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