UMH Properties Appoints Kevin Miller as New CFO, Details Compensation Package
UMH is trading near its 52-week low of $13.93 (8.8% above the low).
Summary
UMH Properties, Inc. announced the appointment of Kevin Miller as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective June 1, 2026, outlining his compensation and severance terms.
Key Events · Executive and Board Changes · UMH
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New CFO Appointment
Kevin Miller has been appointed Executive Vice President, Chief Financial Officer, and Treasurer, effective June 1, 2026.
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Annual Compensation Details
Mr. Miller will receive an annual base salary of $430,000, a target cash bonus of 60% of his base salary, and minimum annual long-term equity awards of $258,000.
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Severance Provisions
The employment agreement includes a termination benefit of three times the sum of base salary and average annual cash bonus for certain involuntary terminations.
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Change of Control Terms
The agreement provides for a lump-sum severance payment and immediate vesting of unvested equity if Mr. Miller is terminated within 24 months following a change of control under specified conditions.
Analysis · UMH · Real Estate & Construction
This filing details the appointment of Kevin Miller as the new Executive Vice President, Chief Financial Officer, and Treasurer, a critical leadership role for any public company. The outlined compensation package, including base salary, target bonus, and equity awards, is competitive for a C-suite executive. The severance and change of control provisions are standard for executive employment agreements, providing protection for the incoming officer. This appointment is a key step in strengthening the company's financial leadership.
At the time of this filing, UMH was trading at $15.15 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $13.93 to $17.44. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.