{"schema_version":"secwatch.filing_event.v1","accession":"0000895345-25-000135","form_type":"8-K","ticker":"SRG","cik":"0001628063","company_name":"Seritage Growth Properties","filed_at":"2025-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.236529+00:00","generated_at":"2026-05-24T03:06:03.855736+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Seritage CEO Andrea Olshan to step down April 11; Chairman Adam Metz named Interim CEO","bullets":["Andrea Olshan steps down as CEO and President effective April 11, 2025; separation is amicable.","Board appoints Chairman Adam Metz as Interim CEO, also effective April 11, with $80,000 monthly salary.","Leadership change due to reduced needs as Plan of Sale progresses; portfolio shrunk from ~160 to 15 assets.","Over $1.3B of loan facility repaid under Olshan's tenure.","Mitchell Sabshon appointed Lead Independent Director effective April 11."],"urls":{"canonical":"https://secwatch.observer/filing/0000895345-25-000135","json":"https://secwatch.observer/filing/0000895345-25-000135.json","markdown":"https://secwatch.observer/filing/0000895345-25-000135.md","text":"https://secwatch.observer/filing/0000895345-25-000135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/ff04631723_8kseritage.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T03:06:03.855736+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7d5e52b16b","claim":"Andrea L. Olshan departed as Chief Executive Officer and President at Seritage Growth Properties.","evidence_excerpt":"Ms. Olshan will step down as the Company’s Chief Executive Officer and President (\"CEO\") and as a member of the Board effective as of April 11, 2025","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"fbe032220b","claim":"Mitchell Sabshon was appointed as Lead Independent Director at Seritage Growth Properties.","evidence_excerpt":"the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Lead Independent Director"}],"fact_type":"executive_change"},{"claim_id":"fed3833c28","claim":"Adam Metz was appointed as Interim Chief Executive Officer and President at Seritage Growth Properties.","evidence_excerpt":"The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President (\"Interim CEO\") as of the Separation Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer and President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}