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Form 8-K · Current Report · Filed 2025-02-19

Sun Communities Updates Indemnification Agreement and Governance Policies

On February 13, 2025, Sun Communities, Inc.

Filer
Sun Communities Inc. SUI · NYSE
Filed
Accession
0000912593-25-000050
CIK
0000912593
Signal
Medium impactReal Estate

Details

announced several key updates, including a new indemnification agreement for its directors and officers, a revised Code of Conduct and Business Ethics, and an updated Insider Trading Policy. The new indemnification agreement provides for indemnification to the maximum extent permitted by law and advances specified expenses. The revised Code of Conduct and Business Ethics clarifies reporting processes for ethics violations and includes other technical amendments. The updated Insider Trading Policy aims to prevent insider trading and protect the company's reputation for integrity and ethical conduct.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 5.05

Reported Item

Code of Ethics Amendment
Item 8.01

Other Events

Corporate Update
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$126.10

Next session

+0.5%

Since filing

-3.0%

Latest close

$122.29

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SUI reporting the same item, with the next session's move:

Sun Communities Announces Retirements of Three Board Members+0.3%
Sun Communities Announces CEO Retirement and Restructures for Future Growth-4.9%
Sun Communities, Inc. Announces Financial Results for Q3 2024-7.5%
Sun Communities, Inc. Releases Q3 2024 Investor Presentation-7.5%

Exhibits (3)

About Sun Communities Inc.

Sun Communities Inc. is a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home and recreational vehicle (RV) communities. Its primary function is to provide affordable housing options and vacation experiences across North America. Sun Communities is predominantly focused on the residential real estate sector, with a diversified portfolio that includes a mix of properties catering to different demographics and preferences. The company manages and develops a variety of properties that offer economically-priced manufactured housing communities and upscale RV resorts. These properties are strategically located in both urban and desirable vacation destinations, contributing to their attractiveness and market appeal. With a commitment to quality living experiences, Sun Communities also offers a range of community amenities and social activities to enhance the lifestyle of its residents. Within the financial market, Sun Communities plays a significant role in providing investors with the opportunity to gain exposure to the stable and growing manufactured housing and RV sectors. Through its extensive and diversified portfolio, Sun Communities is positioned as a leader in these niche real estate markets, supporting its reputation as a reliable and innovative REIT.

Exchange NYSE Industry REIT - Residential Company website ↗

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