Seritage terminates REIT election, converts to C corp retroactive to Jan 1, 2022

Seritage Growth Properties

Board approved plan to end REIT status and be taxed as C corporation; effective retroactively to January 1, 2022.
Conversion intended to provide flexibility for strategic alternatives review, including potential asset sales.
Adam Metz appointed as independent trustee, joins Audit Committee and Special Committee overseeing strategic review.
Company owns 162 retail, residential and mixed-use properties; strategic review process remains ongoing.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Adam S. Metz

Trustee

SRG · Seritage Growth Properties

Effective: 2022-03-30
Filed: March 31, 2022, 7:59 PM ET

On March 30, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Adam S. Metz as a trustee of the Company and as a member of Class I of the Board, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adam S. Metz was elected as Trustee at Seritage Growth Properties.

Action: elected
Role: Trustee

Exact text from the filing

On March 30, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Adam S. Metz as a trustee of the Company and as a member of Class I of the Board, effective immediately.

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Seritage Growth Properties filing history →

Source: SEC EDGAR

accession 0000895345-22-000380

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