secwatch.observer — SEC 8-K summary
======================================

Issuer:     STAG Industrial, Inc. (STAG)
CIK:        0001479094
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001104659-23-033308
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Butcher to step down as Executive Chairman June 30, 2023; Kimball appointed EVP Real Estate Operations
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/0001104659-23-033308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479094/000110465923033308/tm239802d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-033308

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