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

On March 27, 2023, Apartment Investment and Management Company (the "Company") announced that Robert A. Miller will not be standing for re-election at the Company's 2023 Annual Meeting and will retire from the Board of Directors (the "Board") upon expiration of his term at the conclusion of the 2023 Annual Meeting. Mr. Miller's decision was not the result of any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices. The Company greatly appreciates Mr. Miller's long and dedicated service as a director and wishes him the best in his future endeavors.

The Company also announced the appointment of Sherry L. Rexroad to its Board effective immediately. The Company has appointed Ms. Rexroad to the Board's (i) Audit Committee, (ii) Compensation and Human Resources Committee, (iii) Nominating, Environmental, Social, and Governance Committee, and (iv) Investment Committee.

Ms. Rexroad will participate in all director compensation and benefit programs in which the Company's other non-employee directors participate, including an annual fee of $200,000, payable up to 50% in the form of a cash retainer with the remainder in equity. Upon joining the Board, Ms. Rexroad will receive a pro rata portion of the annual fee.

There are currently no agreements, arrangements, or understandings between Ms. Rexroad and any other person pursuant to which Ms. Rexroad was appointed to serve as a director of the Board. There are currently no transactions in which Ms. Rexroad has an interest requiring disclosure under Item 404(a) of Regulation S-K as promulgated under the Securities Exchange Act of 1934, as amended.

Item 7.01 Regulation FD Disclosure.

A copy of the press release announcing Ms. Rexroad's appointment to the Board is attached as Exhibit 99.1 hereto.

The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) The following exhibits are filed with this report: Exhibit No. Description


  99.1        Press release dated March 27, 2023
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses