Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2009-03-30 | Mr. Somers was appointed by our Board as an Independent Trustee in January 2009. Mr. Somers is an Independent Trustee in Group I. Mr. Somers was appointed as a member of the Audit Committee, Compensation Committee and Nominating and Governance Committee on January 30, 2009. Trustee Compensation for 2008 shows Jeffrey P. Somers with no compensation as he was appointed in 2009. |
| 2010-02-22 | Mr. Somers is an Independent Trustee in Group I and his term expires at our 2012 annual meeting of shareholders. Our Audit Committee, Compensation Committee and Nominating and Governance Committee are currently comprised of Messrs. Harrington, Somers and Zeytoonjian. Trustee Compensation for 2009 shows Jeffrey P. Somers with total compensation of $113,860. |
| 2011-02-24 | Mr. Somers has been one of our Independent Trustees since January 2009. ... Mr. Somers is an Independent Trustee in Group I ... Mr. Somers received $10,000 in 2010 for serving as the chair of our ad hoc Special Committee ... |
| 2012-02-21 | Mr. Somers has been one of our Independent Trustees since 2009. ... Mr. Somers is an Independent Trustee in Group I and, if elected at the meeting, his term will expire at our 2015 annual meeting of shareholders. ... Our Audit Committee, Compensation Committee and Nominating and Governance Committees are comprised solely of our Independent Trustees, and an Independent Trustee serves as Chair of each such committee. ... TRUSTEE COMPENSATION FOR 2011 ... Jeffrey P. Somers Fees Earned or Paid in Cash ($) 70,000 Stock Awards ($) 46,860 All Other Compensation ($) 0 Total ($) 116,860 |
| 2013-02-21 | Mr. Somers has been one of our Independent Trustees since 2009. ... Mr. Somers is an Independent Trustee in Group I, and his term expires at our 2015 annual meeting of shareholders. ... Our Audit Committee, Compensation Committee and Nominating and Governance Committee are currently comprised of Messrs. Harrington, Somers and Zeytoonjian. ... TRUSTEE COMPENSATION FOR 2012 ... Jeffrey P. Somers ... Total ($) 92,210. |
| 2014-04-21 | Jeffrey P. Somers Independent Trustee since 2009 Group/Term: Group I with a term expiring at the 2015 Annual Meeting of Shareholders Age: 71 Board Committees: Audit; Compensation; Nominating and Governance (Chair) 2013 Annual Compensation: $118,030 |
| 2015-03-02 | Jeffrey P. Somers Independent Trustee since 2009 Group/Term: Group I with a term expiring at the 2015 Annual Meeting of Shareholders Age: 72 Board Committees: Audit; Compensation; Nominating and Governance (Chair) 2014 Annual Compensation: $125,750 The Nominating and Governance Committee is chaired by Jeffrey P. Somers. |
| 2016-02-24 | Jeffrey P. Somers Of Counsel to the law firm of Morse, Barnes-Brown & Pendleton, PC Audit, Compensation (Chair), Nominating and Governance 2015 Annual Compensation: Total $133,316 |
| 2017-02-28 | Jeffrey P. Somers, Independent Trustee since 2009; Lead Independent Trustee since 2015, Age 73, Board Committees: Audit, Compensation (Chair), Nominating and Governance. Total compensation: $156,400. |
| 2018-04-03 | Jeffrey P. Somers has been, since 2010, of counsel to, and from 1995 to 2009, was a member, and for six of those years the managing member, of the law firm of Morse, Barnes-Brown & Pendleton, PC. Prior to that time, he was a partner for more than 20 years at the law firm of Gadsby Hannah LLP (now McCarter & English, LLP) and for eight of those years was managing partner of the firm. Mr. Somers served as a director for Cantella Management Corp., a holding company for Cantella & Co., Inc., an SEC registered broker-dealer, from 2002 until January 2014, when the company was acquired by a third party. From 1995 to 2001, he served as a trustee for the Pictet Funds. Before entering private law practice, Mr. Somers was a staff attorney at the SEC in Washington, D.C. He has previously served as a trustee for Glover Hospital, a private not for profit regional hospital, which is currently part of Beth Israel Deaconess Hospital, among various other civic leadership roles. Specific Qualifications, Attributes, Skills and Experience: expertise in legal, corporate governance and regulatory matters; leadership role as a law firm managing member; experience as a hospital trustee, including guiding the hospital's sale process; service as a trustee of public REITs and investment companies; extensive experience in complex business transactions; sophisticated understanding of finance and accounting matters; work on public company boards and board committees; institutional knowledge earned through prior service on the Board; and qualifying as an Independent Trustee in accordance with the requirements of the Nasdaq, the SEC and our Bylaws. 2017 Annual Trustee Compensation: $151,250. |
| 2019-04-08 | Jeffrey P. Somers Independent Trustee since 2009 Lead Independent Trustee from 2015 – 2018 Class/Term: Class III with a term expiring at the 2020 annual meeting of shareholders Age: 76 Board Committees: Audit; Compensation (Chair); Nominating and Governance Other Public Company Boards: Office Properties Income Trust (formerly known as Government Properties Income Trust, since 2009); RMR Real Estate Income Fund, including its predecessor funds (since 2009); Tremont Mortgage Trust (since 2017) ... The following table details the total compensation of the Trustees for the year ended December 31, 2018 for services as a Trustee. ... Jeffrey P. Somers 93,750 Fees Earned or Paid in Cash 49,680 Stock Awards Total 143,430 |
| 2020-04-13 | Jeffrey P. Somers, Age: 77, Independent Trustee since 2009, Lead Independent Trustee from 2015-2018, Board Committees: Audit, Compensation (Chair), Nominating and Governance, 2019 Annual Trustee Compensation: $142,600 |
| 2021-03-30 | Jeffrey P. Somers has been, since 2010, of counsel to, and from 1995 to 2009, was a member, and for six of those years the managing member, of the law firm of Morse, Barnes-Brown & Pendleton, PC. ... Board Committees: Audit, Compensation (Chair), Nominating and Governance. ... 2020 Trustee Compensation: $116,900. |
| 2022-03-29 | Jeffrey P. Somers Age: 79 Independent Trustee since 2009 Lead Independent Trustee from 2015 – 2018 Board Committees: Audit Compensation (Chair) Nominating and Governance Mr. Somers has been, since 2010, of counsel to, and from 1995 to 2009, was a member, and for six of those years the managing member, of the law firm of Morse, Barnes-Brown & Pendleton, PC. Prior to that time, he was a partner for more than 20 years at the law firm of Gadsby Hannah LLP (now McCarter & English, LLP) and for eight of those years was managing partner of the firm. Mr. Somers served as an independent trustee of Tremont Mortgage Trust from 2017 to 2020 and of Select Income REIT from 2012 until it merged with a wholly owned subsidiary of Office Properties Income Trust in December 2018. Mr. Somers served as a director of Cantella Management Corp., a holding company of Cantella & Co., Inc., an SEC registered broker-dealer, from 2002 until January 2014, when the company was acquired by a third party. From 1995 to 2001, he served as a trustee of the Pictet Funds. Before entering private law practice, Mr. Somers was a staff attorney at the SEC in Washington, D.C. He previously served as a trustee of Glover Hospital, a private not for profit regional hospital, which is currently part of Beth Israel Deaconess Hospital, among various other civic leadership roles. Total compensation: $161,500 |
| 2023-04-20 | Jeffrey P. Somers, 80, Independent Trustee TRUSTEE SINCE 2009 LEAD INDEPENDENT TRUSTEE FROM 2015-2018 BOARD COMMITTEES Audit Compensation (Chair) PROFESSIONAL EXPERIENCE: Of counsel since 2010, and member of the law firm of Morse, Barnes-Brown & Pendleton, PC from 1995 to 2009, serving as managing member for six of those years. Former partner at the law firm of Gadsby Hannah LLP (now McCarter & English, LLP) for more than 20 years prior to working at Morse, Barnes-Brown & Pendleton, PC, serving as managing partner for eight of those years. Independent Trustee of Tremont Mortgage Trust from 2017 to 2020 and of Select Income REIT from 2012 until it merged with a wholly owned subsidiary of Office Properties Income Trust (then known as Government Properties Income Trust) in December 2018. Director of Cantella Management Corp., a holding company of Cantella & Co., Inc., an SEC registered broker-dealer, from 2002 until January 2014, when the company was acquired by a third party. Trustee of the Pictet Funds from 1995 to 2001. Former staff attorney at the SEC in Washington, D.C. prior to entering private law practice. Former trustee of Glover Hospital, a private not for profit regional hospital, which is currently part of Beth Israel Deaconess Hospital, among various other civic leadership roles. OTHER RMR PUBLIC CLIENT BOARDS (1): Office Properties Income Trust (since 2009) Seven Hills Realty Trust including its predecessor companies (since 2009) OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: None QUALIFICATIONS Mr. Somers brings to our Board extensive expertise in legal, corporate governance and regulatory matters, as well as leadership experience gained from his role as a law firm managing partner. Mr. Somers also possesses a sophisticated understanding of finance and accounting matters, obtained through his service as a trustee of public REITs and investment companies, as well as work on board committees. Mr. Somers has extensive experience in public policy matters and complex business transactions gained partly from government service, as well as institutional knowledge earned through prior service on our Board. Mr. Somers identifies as Caucasian and as male. Mr. Somers qualifies as an Independent Trustee in accordance with the requirements of the Nasdaq, the SEC and our governing documents. |
| 2024-03-26 | Jeffrey P. Somers, 81, Independent Trustee TRUSTEE SINCE 2009 LEAD INDEPENDENT TRUSTEE FROM 2015-2018 BOARD COMMITTEES Audit Compensation Nominating and Governance (Chair) ... Mr. Somers identifies as Caucasian and as male. 2023 Trustee Compensation: Jeffrey P. Somers Fees Earned or Paid in Cash $100,000, Stock Awards $34,800, Total $134,800. |
| 2025-03-20 | Jeffrey P. Somers, 82, Independent Trustee TRUSTEE SINCE 2009 LEAD INDEPENDENT TRUSTEE FROM 2015-2018 BOARD COMMITTEES Audit Compensation Nominating and Governance (Chair) ...Mr. Somers identifies as Caucasian and as male. Mr. Somers qualifies as an Independent Trustee in accordance with the requirements of the Nasdaq, the SEC and our governing documents. ...In 2024, each Trustee then in office received an award of Common Shares with a value equal to $90,000 based on the closing price of Common Shares on the date of the grant, rounded down to the nearest whole share, which resulted in an award of 37,037 Common Shares to each then Trustee. ...The amounts reported in the Fees Earned or Paid in Cash column reflect the cash fees earned by each Independent Trustee in 2024, consisting of an $85,000 annual cash fee, and for each of Messrs. Harrington and Somers and Ms. Hollis, an additional $20,000, $15,000 and $15,000, respectively, for service as a committee chair in 2024. |
Source material: SEC submissions metadata and DEF 14A proxy filings from EDGAR. Last updated: 2026-03-19