Camden Property Trust names new chief accounting officer
Camden Property Trust announced a planned leadership transition in its accounting function.
Rhea-AI Filing Summary
Camden Property Trust announced a planned leadership transition in its accounting function. Senior Vice President and Chief Accounting Officer Michael P. Gallagher, the company’s principal accounting officer, will retire effective July 2, 2026. The board appointed Kevin J. Necas, Jr. as Senior Vice President – Chief Accounting Officer and designated him as principal accounting officer, also effective July 2, 2026.
Necas, age 42, joined Camden in 2023 as Director of Accounting and became Vice President–Accounting in 2024, after prior roles at CenterPoint Energy and Phillips 66. The company states there are no special arrangements, family relationships, or related-party transactions requiring disclosure in connection with his appointment.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Retirement effective date: July 2, 2026
Appointment effective date: July 2, 2026
Age of new principal accounting officer: 42
+3 more
6 metrics
Retirement effective date
July 2, 2026
Effective date of Michael P. Gallagher’s retirement
Appointment effective date
July 2, 2026
Effective date of Kevin J. Necas Jr. as principal accounting officer
Age of new principal accounting officer
42
Age of Kevin J. Necas Jr.
Year joined Camden
2023
Year Kevin J. Necas Jr. joined as Director of Accounting
Promotion to Vice President–Accounting
2024
Year Kevin J. Necas Jr. was promoted within Camden
Filing date of report
June 11, 2026
Date the report was signed by the CFO
Key Terms
principal accounting officer, Senior Vice President – Chief Accounting Officer, Regulation S-K, Emerging Growth Company, +1 more
5 terms
principal accounting officer financial
"designated as the Company’s principal accounting officer, effective as of July 2, 2026"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
Senior Vice President – Chief Accounting Officer financial
"appointed Kevin J. Necas, Jr. as the Company’s Senior Vice President – Chief Accounting Officer"
Regulation S-K regulatory
"family relationships subject to disclosure under Item 401(d) of Regulation S-K or any direct or indirect material interest"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Emerging Growth Company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
material interest in any transaction financial
"any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did Camden Property Trust (CPT) announce?
Camden Property Trust announced that Senior Vice President and Chief Accounting Officer Michael P. Gallagher will retire effective July 2, 2026. The board appointed Kevin J. Necas, Jr. to succeed him as Senior Vice President – Chief Accounting Officer and principal accounting officer on the same date.
Who is replacing Michael Gallagher as principal accounting officer at CPT?
Kevin J. Necas, Jr. will replace Michael P. Gallagher as Camden Property Trust’s Senior Vice President – Chief Accounting Officer and principal accounting officer effective July 2, 2026. Necas joined Camden in 2023 and was promoted to Vice President–Accounting in 2024 before this appointment.
When will Michael P. Gallagher retire from Camden Property Trust (CPT)?
Michael P. Gallagher will retire from Camden Property Trust effective July 2, 2026. He currently serves as Senior Vice President – Chief Accounting Officer and principal accounting officer, and his retirement date is aligned with the effective date of his successor’s appointment by the board.
What is Kevin J. Necas Jr.’s background before becoming CPT’s chief accounting officer?
Before becoming Camden’s chief accounting officer, Kevin J. Necas, Jr. joined Camden in 2023 as Director of Accounting and was promoted to Vice President–Accounting in 2024. His prior five-year experience includes roles at CenterPoint Energy and Phillips 66, and he is a certified public accountant.
What are Kevin J. Necas Jr.’s qualifications for the CPT principal accounting officer role?
Kevin J. Necas Jr. is a certified public accountant with a Master of Accountancy and a B.B.A. in Finance and Legal Studies from Tulane University. His experience includes roles at CenterPoint Energy, Phillips 66, and progressive positions at Camden since 2023 in accounting leadership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
