Douglas Emmett Director Kenneth Panzer Resigns
Douglas Emmett Inc disclosed the resignation of longtime director and former COO Kenneth Panzer effective June 2 2026. The move creates a board vacancy at the REIT responsible for 18.7 million square feet of office and multifamily properties in Los Angeles and Honolulu.
LOS ANGELES, June 3, 2026 — Douglas Emmett Inc reported the resignation of Kenneth Panzer from its board of directors, effective June 2, according to an 8-K filed with the SEC on June 3.
The company listed no cause for the departure in Item 5.02 of the filing. Panzer, who previously served as the REIT’s chief operating officer, had been a director since the company’s 2006 IPO.
The resignation reduces the board to eight members. Douglas Emmett’s charter and bylaws require that any vacancy be filled by a majority of the remaining directors. No successor has been named and the company did not set a timeline for filling the seat.
Operationally the departure ends Panzer’s role in board oversight of the company’s $10-billion-plus portfolio of Class-A office buildings and multifamily assets concentrated in West Los Angeles, Brentwood, Sherman Oaks, Warner Center, and Honolulu. Board committees on which Panzer served will require either reconstitution or temporary assignment of duties to remaining directors until a replacement is appointed.
Downstream, the company must update its governance disclosures in its next proxy statement and Form 10-K. Any new director appointed will trigger a separate Form 8-K within four business days under Item 5.02, including disclosure of the appointee’s background, committee assignments and any related-party transactions.
Until the vacancy is filled, the board’s reduced size may affect quorum and voting thresholds on certain matters under Delaware law and the company’s governing documents.
Item 5.07 of the same filing reported results of the annual shareholder meeting held June 2. Shareholders elected all eight director nominees then standing for election and ratified the appointment of Ernst & Young as auditor. Those votes occurred prior to Panzer’s resignation taking effect.
This marks the first board-level departure at Douglas Emmett since 2022. The company has maintained a stable senior leadership roster since its public listing, with most original directors from the 2006 IPO still serving until now.
Primary sources: SEC Form 8-K filed June 3 2026.
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