Centerspace appoints Bhairav Patel as EVP/CFO; current CFO John Kirchmann to depart in H1 2022

CENTERSPACE

Bhairav Patel, former EVP Finance at New Senior, will become CFO in Q1 2022 after transition with current CFO John Kirchmann.
Patel's compensation includes $350K base salary, 100% STIP/LTIP targets, a $150K RSU grant vesting over three years, and a company-paid apartment.
John Kirchmann will remain CFO through the transition and leave in the first half of 2022 to pursue other opportunities.
Patel previously served as Interim CFO of New Senior until its acquisition by Ventas in September 2021.
No related-party transactions or family relationships between Patel and any director or officer.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Bhairav Patel

Executive Vice President and Chief Financial Officer

CSR · CENTERSPACE

Effective: 2021-11-05
Filed: November 8, 2021, 6:59 PM ET

On November 5, 2021, Bhairav Patel was appointed to serve as the Executive Vice President and Chief Financial Officer of Centerspace

Departed

John A. Kirchmann

Executive Vice President and Chief Financial Officer

CSR · CENTERSPACE

Successor: Bhairav Patel
Filed: November 8, 2021, 6:59 PM ET

Also on November 5, 2021, the Company and John A. Kirchmann, Executive Vice President and Chief Financial Officer of the Company, reached a mutual agreement for Mr. Kirchmann to be separated from his positions at the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bhairav Patel was appointed as Executive Vice President and Chief Financial Officer at CENTERSPACE.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On November 5, 2021, Bhairav Patel was appointed to serve as the Executive Vice President and Chief Financial Officer of Centerspace

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John A. Kirchmann departed as Executive Vice President and Chief Financial Officer at CENTERSPACE.

Action: separated
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Also on November 5, 2021, the Company and John A. Kirchmann, Executive Vice President and Chief Financial Officer of the Company, reached a mutual agreement for Mr. Kirchmann to be separated from his positions at the Company.

View on SEC.gov

CENTERSPACE filing history →

Source: SEC EDGAR

accession 0000798359-21-000031

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