ITEM 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

On January 10, 2013, Mandy M. Pope, Executive Vice President and Chief Accounting Officer of Parkway Properties, Inc. (the "Company"), informed the Company that she has resigned from her position effective January 25, 2013. Ms. Pope has not expressed any disagreements with the Company with respect to any matter, including but not limited to any accounting-related policy or matter.
In connection with the resignation, the Company has agreed to pay Ms. Pope a severance payment calculated in accordance with Section 5 of that certain Change in Control Agreement dated May 13, 2010 by and between the Company and Ms. Pope.

The Board of Directors of the Company appointed O. Darryl Waltman as Chief Accounting Officer, effective January 25, 2012. Mr. Waltman, age 37, joined the Company in 2002 as a Property Accountant, was promoted to Vice President and Controller in May 2010 and was promoted to Senior Vice President in November 2011.