KILROY REALTY CORP CFO Departs; Interim CFO Appointed

What Happened

• Kilroy Realty Corporation announced in an 8-K that Executive Vice President, Chief Financial Officer and Treasurer Jeffrey Kuehling will leave the company effective August 11, 2026. The company says his departure is a termination without Cause under his July 30, 2024 Employment Agreement. Kilroy and Mr. Kuehling entered a confidential Separation Agreement under which he will receive severance provided by Section 5.3(b) of that Employment Agreement plus two months’ pay in lieu of a two‑month notice period; payment is conditioned on the Separation Agreement’s release becoming effective and not being revoked.
• The Board has appointed Eliott Trencher (age 43) as Executive Vice President, Chief Investment Officer and Interim Chief Financial Officer and Treasurer, and he will serve as the company’s principal financial officer on an interim basis while Kilroy conducts an external search for a permanent CFO. A press release dated August 11, 2026 was furnished as Exhibit 99.1.

Key Details

• Effective date of change: August 11, 2026.
• Employment Agreement referenced: dated July 30, 2024; severance per Section 5.3(b) plus two additional months’ pay.
• Interim appointee: Eliott Trencher — Kilroy’s Chief Investment Officer since Dec 2020; previously served as Kilroy CFO (Feb 2022–Aug 2024) and SVP, Corporate Strategy (Aug 2017–Dec 2020).
• Separation Agreement will be filed as an exhibit to the company’s Form 10‑Q for the quarter ending Sept 30, 2026.

Why It Matters

• A CFO departure is a material leadership change that can affect investor confidence and internal financial oversight. Kilroy has chosen an internal executive with prior CFO experience as interim finance chief, which suggests management continuity during the search for a permanent CFO.
• The filing confirms severance obligations under existing contract terms (including two additional months’ pay), though it does not disclose dollar amounts; any cash outflow will depend on the Separation Agreement becoming effective. Investors should watch subsequent filings (the Form 10‑Q and the filed Separation Agreement) for precise financial terms and for updates on the permanent CFO search.