---
schema_version: "secwatch.filing_event.v1"
accession: "0000895345-25-000218"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2025-07-01T23:59:59+00:00"
generated_at: "2026-05-18T10:00:55.442516+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Seritage appoints Adam Metz as non-interim CEO; $1.1M salary, $1.225M target bonus

## Summary
- Adam Metz appointed as CEO on non-interim basis effective July 1, 2025; continues as Board Chairman; M. Sabshon remains Lead Independent Trustee.
- Employment agreement: $1.1M base salary, $1.225M target bonus (50-150% payout range), one-year term ending June 30, 2026, no severance.
- Replaces interim CEO letter agreement from April 2025; term ends June 30, 2026 unless extended by mutual agreement by April 1, 2026.
- Mr. Metz previously served as CEO of General Growth Properties and Managing Director at Carlyle Group; also holds board seats at Hammerson plc and Morgan Stanley Direct Lending Fund.

## SEC filing metadata
- accession: 0000895345-25-000218
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2025-07-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000089534525000218/0000895345-25-000218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000089534525000218/ff5020275_8k-seritage.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895345-25-000218
- JSON: https://secwatch.observer/filing/0000895345-25-000218.json
- Plain text: https://secwatch.observer/filing/0000895345-25-000218.txt

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