---
schema_version: "secwatch.filing_event.v1"
accession: "0000895345-22-000247"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:02:49.757339+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seritage launches strategic alternatives review; Chairman Lampert retires

## Summary
- Board creates special committee to explore strategic alternatives; Barclays retained as advisor.
- Edward Lampert retires as Chairman and from Board effective March 1, 2022; may pursue alternatives for his SRG stake.
- Directors David Fawer and Thomas Steinberg will not seek reelection at 2022 annual meeting.
- Company cites disconnect between stock price and asset value; portfolio of 170 properties.
- Board searching for additional candidates with investment and transaction experience.

## SEC filing metadata
- accession: 0000895345-22-000247
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000089534522000247/0000895345-22-000247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000089534522000247/ff832550_8k-seritage.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895345-22-000247
- JSON: https://secwatch.observer/filing/0000895345-22-000247.json
- Plain text: https://secwatch.observer/filing/0000895345-22-000247.txt

## Key facts
- Executive change
  David S. Fawer departed as member of the Board of Trustees at Seritage Growth Properties.
  - Action: notified that he would not stand for reelection as a trustee
  - Role: member of the Board of Trustees
  source text: each of Messrs. David S. Fawer and Thomas M. Steinberg, members of the Board, notified the Board that he would not stand for reelection as a trustee of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534522000247/0000895345-22-000247-index.htm
- Executive change
  Edward S. Lampert departed as Chairman of the Board of Trustees at Seritage Growth Properties.
  - Action: retired as Chairman and resigned from the Board
  - Role: Chairman of the Board of Trustees
  source text: Mr. Edward S. Lampert, the Chairman of the Company’s Board of Trustees (the “ Board ”), retired as Chairman and resigned from the Board effective March 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534522000247/0000895345-22-000247-index.htm
- Executive change
  Thomas M. Steinberg departed as member of the Board of Trustees at Seritage Growth Properties.
  - Action: notified that he would not stand for reelection as a trustee
  - Role: member of the Board of Trustees
  source text: each of Messrs. David S. Fawer and Thomas M. Steinberg, members of the Board, notified the Board that he would not stand for reelection as a trustee of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534522000247/0000895345-22-000247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.