On June 18, 2026, UMH Properties, Inc. entered into an employment agreement with Kevin Miller, who was appointed as Executive Vice President, Chief Financial Officer, and Treasurer effective June 1, 2026. Mr. Miller will receive an annual base salary of $430,000 and is eligible for an annual cash bonus with a target of 60% of his base salary. He is also eligible for long-term equity compensation under the 2023 Equity Incentive Award Plan. The agreement includes a termination benefit equal to three times the sum of his base salary and average three-year cash bonus if terminated without cause or for good reason, payable in 36 monthly installments unless triggered by a change of control. The company is a real estate investment trust (REIT) that owns and manages manufactured housing communities.
