Stratus Properties appoints board member under pact with Oasis Management
Stratus Properties announced it has entered into an agreement with Oasis Management pursuant to which Ella Gendel has been appointed to Stratus' board effective immediately. Gendel will serve as a Class III director with a term expiring at Stratus' 2019 annual meeting of stockholders. She will serve as a member of the Compensation Committee. After the appointment of Gendel, Stratus' board is comprised of seven directors, including six independent directors. Oasis previously disclosed that it owns approximately 1.1M shares of Stratus common stock, which represents approximately 13.4% of its common stock. Prior to joining Oasis in 2013, Gendel worked at GAM, a global asset management firm. "We appreciate the constructive engagement we have had with the Stratus board and the productive discussions offered by all parties," said Oasis U.S. portfolio manager Alexander Shoghi.