CEO and President Mitchell Sabshon retiring; Mark Zalatoris named successor effective Feb 1

Inland Real Estate Income Trust, Inc.

Mitchell Sabshon resigns as President, CEO, and director effective Jan 31, 2024, due to retirement from affiliate, not due to any disagreement.
Board elects Mark Zalatoris as President, CEO, and director effective Feb 1, 2024.
Zalatoris to receive $350,000 annual fee; Business Manager reduces its management fee by that amount.
Fourth Amended Business Management Agreement allows Board to hire unaffiliated CEO at Business Manager's cost.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark E. Zalatoris

President and Chief Executive Officer

INRE · Inland Real Estate Income Trust, Inc.

Effective: 2024-02-01
Filed: January 19, 2024, 6:59 PM ET

On January 18, 2024, the Board of the Company elected Mark E. Zalatoris to serve as the Company’s President and Chief Executive Officer effective February 1, 2024 and elected Mr. Zalatoris to fill the vacancy resulting from Mr. Sabshon’s resignation as a director also effective February 1, 2024.

Departed

Mitchell A. Sabshon

President and Chief Executive Officer

INRE · Inland Real Estate Income Trust, Inc.

Effective: 2024-01-31
Successor: Mark E. Zalatoris
Filed: January 19, 2024, 6:59 PM ET

On January 13, 2024, Mitchell A. Sabshon, the President and Chief Executive Officer of the Company notified the Company that, because of his decision to retire from his position with Inland Investments, an affiliate of the Company’s Business Manager, he was also resigning his position as a director of the Company and as the Company’s President and Chief Executive Officer, effective at the close of business on January 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark E. Zalatoris was elected as President and Chief Executive Officer at Inland Real Estate Income Trust, Inc..

Action: elected
Role: President and Chief Executive Officer

Exact text from the filing

On January 18, 2024, the Board of the Company elected Mark E. Zalatoris to serve as the Company’s President and Chief Executive Officer effective February 1, 2024 and elected Mr. Zalatoris to fill the vacancy resulting from Mr. Sabshon’s resignation as a director also effective February 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mitchell A. Sabshon resigned as President and Chief Executive Officer at Inland Real Estate Income Trust, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On January 13, 2024, Mitchell A. Sabshon, the President and Chief Executive Officer of the Company notified the Company that, because of his decision to retire from his position with Inland Investments, an affiliate of the Company’s Business Manager, he was also resigning his position as a director of the Company and as the Company’s President and Chief Executive Officer, effective at the close of business on January 31, 2024.

View on SEC.gov

Inland Real Estate Income Trust, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-005682

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