Healthcare Realty Trust Inc. (HR) said on Monday that its Board has elected current director Tom Bohjalian as Independent Chair according to cooperation agreement with Starboard Value LP, a hedge fund.
Pursuant to the deal, Starboard has agreed to a customary standstill and voting agreement expiring in advance of the company's 2026 annual meeting of shareholders.
The company has also appointed David Henry, Glenn Rufrano, and Don Wood as independent directors with immediate effect.
In connection with the deal, John Knox Singleton, John V. Abbott, and Vicki U. Booth have retired from the Board.
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