secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2025-12-19T23:59:59+00:00
Accession:  0000877860-25-000198
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

National Health Investors enters new CIC severance agreements with CEO, CFO & 3 other NEOs
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- D. Eric Mendelsohn (CEO): 3.0x multiplier of avg salary+bonus; non-compete for 12 months post-termination if severance paid.
- Kevin Pascoe and John Spaid (CFO): 2.0x multiplier; both subject to non-compete; all five NEOs get 18-month COBRA subsidy.
- Kristin Gaines and David Travis: 1.5x multiplier; no non-compete but non-solicitation applies for 12 months if severance paid.
- All time-vesting equity awards fully vest on a qualifying termination within two years post-change-in-control or 30 days prior.
- Replaces prior agreements dated Feb 26, 2024; terms include 280G excise tax cutback provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000198/0000877860-25-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000198/nhi-20251215.htm
  HTML page:      https://secwatch.observer/filing/0000877860-25-000198

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer