# EDGAR Filing Document

**Accession Number:** 0001033128
**File Stem:** 0000921825-23-000013
**Filing Date:** 2023-2
**Character Count:** 8137
**Document Hash:** 017a9d3f572921333e2fbce5d009abc3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921825-23-000013.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0000921825-23-000013

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230217

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST INDUSTRIAL REALTY TRUST INC
- **CENTRAL INDEX KEY:** 0000921825
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 363935116
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13102
- **FILM NUMBER:** 23644123

**BUSINESS ADDRESS:**
- **STREET 1:** 1 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123444300

**MAIL ADDRESS:**
- **STREET 1:** 1 NORTH WACKER DRIVE
- **STREET 2:** SUITE 4200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST INDUSTRIAL LP
- **CENTRAL INDEX KEY:** 0001033128
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 363924586
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-21873
- **FILM NUMBER:** 23644124

**BUSINESS ADDRESS:**
- **STREET 1:** 1 NORTH WACKER DRIVE
- **STREET 2:** STE 4200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123444300

**MAIL ADDRESS:**
- **STREET 1:** 1 NORTH WACKER DRIVE
- **STREET 2:** STE 4200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

?xml version="1.0" ? fr-20230217

**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**

**February 17, 2023**

**Date of Report (Date of earliest event reported)** 

______________________________________________________________________________________________________

**FIRST INDUSTRIAL REALTY TRUST, INC.** 

**FIRST INDUSTRIAL, L.P.** 

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

_____________________________________________________________________________________________________

---

| | | | |
|:---|:---|:---|:---|
| **First Industrial Realty Trust, Inc.** | **Maryland** | **1-13102** | **36-3935116** |
| **First Industrial, L.P.** | **Delaware** | **333-21873** | **36-3924586** |
| | **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

**One North Wacker Drive, Suite 4200** 

**Chicago, Illinois 60606** 

**(Address of principal executive offices, zip code)** 

**(312) 344-4300** 

**(Registrant's telephone number, including area code)** 

**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 (see General Instruction A.2. below):

☐ 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:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, par value $.01 per share** | **FR** | **New York Stock Exchange** |

---

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

*2023 Employee Bonus Plan*

On February 16, 2023, the Board ratified criteria proposed by its Compensation Committee to be used in establishing an incentive bonus pool from which awards may be granted to the Company's employees, including its chief executive officer and certain other senior executive officers, under the Company's incentive compensation plan (the "2023 Employee Bonus Plan"). Awards under the 2023 Employee Bonus Plan will be based on certain identified thresholds of four performance categories. The categories are (i) funds from operations ("FFO") per share (using the NAREIT definition), as FFO may be adjusted by the Compensation Committee in its discretion to exclude the effects of changes in accounting policy and certain extraordinary items, (ii) same store net operating income ("SS NOI") growth, (iii) fixed charge coverage ratio and (iv) discretionary objectives (based on financial and non-financial goals determined by the Company's chief executive officer). The Compensation Committee has assigned weighting factors to each of the performance categories, such that performance in certain categories will have a more pronounced impact on the bonus pool under the 2023 Employee Bonus Plan than will performance in other categories. The Compensation Committee has assigned a 50% weighting factor to the FFO per share category, a 25% weighting factor to the SS NOI growth category, a 10% weighting factor to the fixed charge coverage ratio category and a 15% weighting factor to the discretionary objectives category.

The Compensation Committee has also established performance targets and thresholds relating to each performance category. Achievement of specified thresholds with respect to each performance category will result in an increase in the incentive pool from which awards may be granted under the 2023 Employee Bonus Plan. Achievement by the Company of specifically identified levels of performance with respect to each performance category will result in funding of the incentive pool for the 2023 Employee Bonus Plan of 0%, 25%, 50%, 75%, 100% or 125%, respectively, of the bonus opportunity associated with that performance category. Should performance fall between two identified payout levels, the resulting compensation that may be earned for such performance will be prorated based on linear interpolation.

------

**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.

---

| | |
|:---|:---|
| **FIRST INDUSTRIAL REALTY TRUST, INC.** | **FIRST INDUSTRIAL REALTY TRUST, INC.** |
| By: | /s/&nbsp;&nbsp;&nbsp;&nbsp;JENNIFER MATTHEWS RICE |
|  | **Jennifer Matthews Rice<br>General Counsel** |

---

Date: February 17, 2023

---

| | |
|:---|:---|
| **FIRST INDUSTRIAL, L.P.** | **FIRST INDUSTRIAL, L.P.** |
| By: | **FIRST INDUSTRIAL REALTY TRUST, INC.** |
|  | **as general partner** |
| By: | /s/&nbsp;&nbsp;&nbsp;&nbsp;JENNIFER MATTHEWS RICE |
|  | **Jennifer Matthews Rice<br>General Counsel** |

---

Date: February 17, 2023