ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Principal Accounting Officer
Effective April 14, 2020, Presidio Property Trust, Inc. (“Company”) appointed Ms. Jessica C. Joelson, age 35, to serve as its Chief Accounting Officer. Ms. Joelson will report to Mr. Adam Sragovicz, the Company’s Chief Financial Officer. In her position, Ms. Joelson will succeed Mr. Sragovicz as the Company’s principal accounting officer and be responsible for Sarbanes-Oxley compliance in addition to the preparation and certification of the Company’s financial reporting.
Prior to joining the Company, Ms. Joelson served as Associate Director, External Reporting & Accounting, for AnaptysBio, Inc. (Nasdaq: ANAB) from 2015 to 2019, as Manager, Reporting and Accounting, for COTY, Inc. (NYSE: COTY) from 2013 to 2015, and as SEC Reporting Manager for ACTIVE Network, Inc. (formerly NYSE: ACTV) from 2012 to 2013. Prior to these roles, Ms. Joelson worked at KPMG LLP for four years in the Audit and Assurance department. She holds a Bachelor of Arts degree in Business Administration, cum laude with distinction in accounting, from San Diego State University and is licensed as a Certified Public Accountant in California.
Ms. Joelson’s annual base salary is $165,000, and she is eligible for benefits customarily available to the Company’s employees, including an award of restricted stock under the Company’s 2017 Incentive Award Plan.
There are no arrangements or understandings between Ms. Joelson and any other person pursuant to which she was appointed to serve as an officer of the Company. There are also no family relationships between Ms. Joelson and any director or executive officer of the Company, and Ms. Joelson does not have a direct or indirect material interest in any “related party” transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.