COO Craig Aniszewski retires March 1, 2022; separation agreement includes accelerated stock vesting and COBRA coverage

Summit Hotel Properties, Inc.

127,910 service-based restricted shares vest immediately; 191,865 performance-based shares remain eligible through 2024
Cash payment of $6,124.87 for unused vacation; COBRA premiums reimbursed through Dec 31, 2022
General release of claims by Aniszewski; non-disparagement and confidentiality obligations survive termination
Seven-day revocation period ends March 7, 2022; agreement effective thereafter

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Craig J. Aniszewski

Executive Vice President and Chief Operating Officer

INN · Summit Hotel Properties, Inc.

Effective: 2022-03-01
Filed: March 1, 2022, 6:59 PM ET

Craig J. Aniszewski, Executive Vice President and Chief Operating Officer of the Company, notified the Company of his intent to retire from his position as Executive Vice President and Chief Operating Officer effective March 1, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig J. Aniszewski retired as Executive Vice President and Chief Operating Officer at Summit Hotel Properties, Inc..

Action: retired
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

Craig J. Aniszewski, Executive Vice President and Chief Operating Officer of the Company, notified the Company of his intent to retire from his position as Executive Vice President and Chief Operating Officer effective March 1, 2022

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Summit Hotel Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-028754

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