STAG Industrial EVP David G. King to depart Sept 17; severance expense ~$2.2M

STAG Industrial, Inc.

David G. King, EVP and Director of Real Estate Operations, will leave the company effective September 17, 2021.
Severance includes lump-sum cash, insurance continuation, immediate vesting of LTIP units, and pro-rated performance award.
Estimated total accounting expense of $2.2 million, of which $0.5 million is non-cash.
Severance is contingent on meeting conditions in Mr. King's employment and award agreements.

item 5.02

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Departed

David G. King

Executive Vice President and Director of Real Estate Operations

STAG · STAG Industrial, Inc.

Effective: 2021-09-17
Filed: August 17, 2021, 7:59 PM ET

On August 17, 2021, STAG Industrial, Inc., a Maryland corporation (the “Company”), and David G. King, the Company’s Executive Vice President and Director of Real Estate Operations, agreed that Mr. King’s employment with the Company would terminate effective September 17, 2021.

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Executive change SEC 8-K Item 5.02 confidence 0.95

David G. King departed as Executive Vice President and Director of Real Estate Operations at STAG Industrial, Inc..

Action: agreed to terminate
Role: Executive Vice President and Director of Real Estate Operations

Exact text from the filing

On August 17, 2021, STAG Industrial, Inc., a Maryland corporation (the “Company”), and David G. King, the Company’s Executive Vice President and Director of Real Estate Operations, agreed that Mr. King’s employment with the Company would terminate effective September 17, 2021.

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STAG Industrial, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-107018

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