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RETAIL OPPORTUNITY INVESTMENTS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers

February 27, 2014



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 21, 2014, the Compensation Committee (the "Committee") of the Board of Directors of Retail Opportunity Investments Corp. (the "Company") approved the establishment of a 2014 Annual Cash Incentive Plan (the "Plan") for the Company's executive officers and senior management that formulaically ties 2014 annual cash incentive bonus payouts to the Company's financial and strategic performance and, in certain cases, individual performance objectives. The Plan provides for threshold, target and maximum performance levels with respect to each of the financial and strategic performance criteria.

The financial and strategic performance criteria include funds from operations per share, asset growth, absolute total return to stockholders, relative total return to stockholders, capital raising, dividend growth, year-end leased occupancy and same-store net operating income growth. Each of the criteria has been assigned a weighting for use in the calculation of bonus payouts. The Plan provides that a portion of the 2014 annual cash bonus will have a discretionary element, and be determined by reference to criteria determined by the Compensation Committee.

The threshold, target and maximum cash bonuses for the executive officers as a percentage of such executive officer's base salary are shown below. Whether any of the threshold, target or maximum bonus levels are attained will be calculated by the Committee based on achievement of the criteria described above, including the discretionary component of the Plan, and the weighting of each criterion.

2014 Cash Bonus Percentage Levels Executive Threshold Target Maximum Stuart Tanz 75% 125% 175% Michael Haines 75% 100% 125% Richard Schoebel 75% 100% 125%



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Source: Edgar Glimpses


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