8-K
filed January 12, 2022, 6:59 PM ET
ticker STAG
CIK 0001479094
leadership
confidence high
sentiment neutral
materiality 0.70
STAG Industrial CEO succession: Butcher to Executive Chairman July 1, Crooker to CEO, Pinard appointed CFO
STAG Industrial, Inc.
- Benjamin Butcher to become Executive Chairman on July 1, 2022; William Crooker succeeds him as CEO and joins the Board.
- Matts Pinard appointed EVP, CFO and Treasurer effective Jan 10, 2022; Crooker remains President until July.
- Pinard employment agreement: $375k base salary, bonus eligibility, equity awards; severance includes 2x (base+bonus) and 18-month COBRA.
- Succession part of planned management transition; Butcher remains involved as Executive Chairman.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matts S. Pinard was appointed as Executive Vice President, Chief Financial Officer and Treasurer at STAG Industrial, Inc..
- Action
- appointed
- Role
- Executive Vice President, Chief Financial Officer and Treasurer
Exact text from the filing
the Board appointed Matts S. Pinard as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William R. Crooker was appointed as Chief Executive Officer at STAG Industrial, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
William R. Crooker, the Company’s current President, will be appointed Chief Executive Officer and join the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William R. Crooker changed role as Chief Financial Officer at STAG Industrial, Inc..
- Action
- relinquished
- Role
- Chief Financial Officer
Exact text from the filing
Mr. Crooker, the Company’s Chief Financial Officer and Treasurer until Mr. Pinard’s appointment, will no longer be the Company’s principal financial officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Benjamin S. Butcher changed role as Executive Chairman at STAG Industrial, Inc..
- Action
- become
- Role
- Executive Chairman
Exact text from the filing
the Company expects that, on July 1, 2022, Benjamin S. Butcher, the Company’s current Chairman of the Board and Chief Executive Officer, will become Executive Chairman of the Board
View on SEC.gov
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