secwatch.observer — SEC 8-K summary
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Issuer:     Inland Real Estate Income Trust, Inc. (INRE)
CIK:        0001528985
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0000950170-24-005682
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000095017024005682/0000950170-24-005682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000095017024005682/ireit-20240113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-005682

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer