Other Information
−Removed: During the quarter ended March 31, 2025, none of the Company’s directors or officers adopted , terminated or modified any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933).
−Removed: On April 29, 2025, the Company's Board of Directors approved a new form of the Indemnification Agreement (the “Indemnification Agreement”), to be entered into by the Company’s directors and officers (each, an “Indemnitee”).
−Removed: The Company also expects to enter into similar indemnification agreements with its future directors and officers.
−Removed: Indemnification Agreement replaces and supersedes previous indemnification agreements between the Company and each of its directors and officers.
−Removed: Consistent with the previous indemnification agreements, the Indemnification Agreement provides that the Company will indemnify each Indemnitee to the maximum extent permitted by Maryland Law in the event the Indemnitee becomes subject to or a participant in certain claims or proceedings related to the Indemnitee’s service as a director or officer of the Company or in its capacity at other specified entities at which the Indemnitee serves at the Company's request.
−Removed: The Company will, subject to certain exceptions, advance an Indemnitee specified indemnifiable expenses incurred in connection with such claims or proceedings.
−Removed: The Indemnification Agreement is in addition to any other rights an Indemnitee may have under the Company’s organizational documents or applicable law.
−Removed: The foregoing summary description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnification Agreement, attached hereto as Exhibit 10.1 and incorporated herein by reference.
+Added: During the quarter ended June 30, 2025, none of the Company’s directors or officers adopted , terminated or modified any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933).
+Added: On July 4, 2025, President Trump signed into law the legislation known as the One Big Beautiful Bill Act (the “OBBBA”).
+Added: The OBBBA made significant changes to the U.S.
+Added: federal income tax laws in various areas.
+Added: Among the notable changes, the OBBBA permanently extended certain provisions that were enacted in the Tax Cuts and Jobs Act of 2017, most of which were set to expire after December 31, 2025.
+Added: As a result of such extensions, individuals and other non-corporate taxpayers will continue to be entitled to a 20% deduction for certain “qualified REIT dividends” for taxable years after 2025, subject to certain requirements, and the maximum U.S.
+Added: federal income tax rate on ordinary income for individuals and other non-corporate taxpayers will continue to be 37% after 2025 (before application of the 3.8% Medicare tax on “net investment income”).
+Added: In addition, the OBBBA also increased the percentage limit under the REIT asset test applicable to securities of one or more taxable REIT subsidiaries from 20% to 25% for 2026 and subsequent taxable years.
+Added: You are urged to consult with your tax advisors regarding the OBBBA and its potential effect on an investment in our common stock.
Form of Indemnification Agreement
12 unchanged sentences
104 Cover Page Interactive Data File included as Exhibit 101 (embedded within the Inline XBRL document)
+Added: The following documents are incorporated by reference.
+Added: (a) Included as an exhibit to our Report on Form 10-Q for the quarter ended March 31, 2025
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
EQUITY LIFESTYLE PROPERTIES, INC.
−Removed: April 29, 2025
+Added: July 29, 2025
/s/ Marguerite Nader
2 unchanged sentences
(Principal Executive Officer)
−Removed: April 29, 2025
+Added: July 29, 2025
/s/ Paul Seavey
1 unchanged sentence
(Principal Financial Officer)
−Removed: April 29, 2025
+Added: July 29, 2025
/s/ Caroline Karp
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.