secwatch.observer — SEC 8-K summary
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Issuer:     SUN COMMUNITIES INC (SUI)
CIK:        0000912593
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0000912593-26-000060
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sun Communities appoints Fernando Castro-Caratini as interim CFO; Mark Patten departs with $3M separation
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- Mark E. Patten departed as CFO on Feb 4, 2026; mutual decision, no disagreement with financial policies.
- Fernando Castro-Caratini, previously CFO for ~4 years, appointed interim CFO effective Feb 4, 2026.
- Castro-Caratini receives $45,833/month salary, up to $1.1M 2026 bonus, and $1M tenure bonus if serving through Feb 2027.
- Company has initiated a comprehensive search for a permanent CFO.
- Patten receives $3M separation payment; his departure is not due to any accounting or financial reporting disagreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912593/000091259326000060/0000912593-26-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912593/000091259326000060/sui-20260204.htm
  HTML page:      https://secwatch.observer/filing/0000912593-26-000060

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