May 23, 2017 / 4:53 PM / 3 months ago

BRIEF-H&R REIT announces adoption of new compensation program, board expansion

May 23 (Reuters) - H&R Real Estate Investment Trust :

* There will be caps on short term and long term performance awards for executives

* With nominations of new trustees, election of Stephen Sender in 2016, REIT's board will grow to 8 trustees

* Performance-based incentive program for executives to have minimum thresholds, below which, no incentives would be awarded

* REIT's clawback policy has been extended to include all incentive compensation

* New compensation program includes "market-aligned" annual salaries with emphasis on performance based compensation Source text for Eikon: Further company coverage:

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