---
schema_version: "secwatch.filing_event.v1"
accession: "0000895345-24-000002"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:41:47.527975+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Seritage amends CEO Olshan's employment agreement with 5% annual raises, cash awards, increased severance

## Summary
- Salary and target bonus auto-increase 5% annually from March 16, 2024; no performance metrics on bonus.
- Future equity grants replaced by $2M annual cash awards with vesting: 1/3 on grant, 1/3 Dec 31 grant year, 1/3 next Dec 31.
- Severance on termination without cause or for good reason pre-Change-in-Control raised to 2.5x base salary plus target bonus (from 2x).
- Cash award from March 15, 2023 vests in three tranches: March 2024, Dec 2024, Dec 2025.
- Unvested cash awards accelerate on certain terminations or non-assumption in Change in Control.

## SEC filing metadata
- accession: 0000895345-24-000002
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000089534524000002/0000895345-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000089534524000002/ff2871056_8k-seritage.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895345-24-000002
- JSON: https://secwatch.observer/filing/0000895345-24-000002.json
- Plain text: https://secwatch.observer/filing/0000895345-24-000002.txt

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