---
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"
generated_at: "2026-05-24T03:06:03.855736+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seritage CEO Andrea Olshan to step down April 11; Chairman Adam Metz named Interim CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895345-25-000135
- JSON: https://secwatch.observer/filing/0000895345-25-000135.json
- Plain text: https://secwatch.observer/filing/0000895345-25-000135.txt

## Key facts
- Executive change
  Andrea L. Olshan departed as Chief Executive Officer and President at Seritage Growth Properties.
  - Action: stepped down
  - Role: Chief Executive Officer and President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm
- Executive change
  Mitchell Sabshon was appointed as Lead Independent Director at Seritage Growth Properties.
  - Action: appointed
  - Role: Lead Independent Director
  source text: the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm
- Executive change
  Adam Metz was appointed as Interim Chief Executive Officer and President at Seritage Growth Properties.
  - Action: appointed
  - Role: Interim Chief Executive Officer and President
  source text: The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President ("Interim CEO") as of the Separation Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628063/000089534525000135/0000895345-25-000135-index.htm

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