{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-033308","form_type":"8-K","ticker":"STAG","cik":"0001479094","company_name":"STAG Industrial, Inc.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.176451+00:00","generated_at":"2026-06-18T00:26:12.309365+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Butcher to step down as Executive Chairman June 30, 2023; Kimball appointed EVP Real Estate Operations","bullets":["Benjamin Butcher's role as Executive Chairman ends June 30, 2023; expected to continue as non-management director if re-elected.","Larry Guillemette, current Lead Independent Director, expected to become Chairman of the Board after annual meeting on April 25, 2023.","Steven Kimball appointed EVP – Real Estate Operations; joins from PGIM Real Estate, previously at Prologis for 26 years.","Kimball's employment agreement includes base salary $375,000, cash target bonus $375,000 for 2023, and equity grants worth ~$1.24M.","Severance for Kimball includes 2x base+bonus, 18 months health coverage, and accelerated equity vesting; 12-month non-compete clause."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-033308","json":"https://secwatch.observer/filing/0001104659-23-033308.json","markdown":"https://secwatch.observer/filing/0001104659-23-033308.md","text":"https://secwatch.observer/filing/0001104659-23-033308.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/0001104659-23-033308-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/tm239802d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:26:12.309365+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34c8084162","claim":"Benjamin S. Butcher changed role as non-management director at STAG Industrial, Inc..","evidence_excerpt":"On March 16, 2023, in connection with the successful completion of the Company’s management succession plan, the Board provided a notice of non-renewal to Mr. Butcher, whose role as Executive Chairman will end on June 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/0001104659-23-033308-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not renewed"},{"label":"Role","value":"non-management director"}],"fact_type":"executive_change"},{"claim_id":"7092884271","claim":"Steven T. Kimball was appointed as Executive Vice President – Real Estate Operations at STAG Industrial, Inc..","evidence_excerpt":"On March 16, 2023, the Company announced that the Board appointed Steven T. Kimball as Executive Vice President – Real Estate Operations of the Company, effective when he commences employment (expected this spring).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/0001104659-23-033308-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President – Real Estate Operations"}],"fact_type":"executive_change"},{"claim_id":"a6b2f3ca86","claim":"Larry T. Guillemette changed role as Chairman of the Board at STAG Industrial, Inc..","evidence_excerpt":"the Board expects that (i) Mr. Butcher will continue to serve on the Board as a non-management director, effective as of July 1, 2023 and (ii) Larry T. Guillemette, the Company’s current Lead Independent Director, will become the Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/0001104659-23-033308-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"named Chairman"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}