---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-038578"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:19:10.411919+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# David Smith appointed CFO; Catherine Hastings promoted to COO at Innovative Industrial Properties

## Summary
- David Smith named CFO and Treasurer effective March 29, 2023; previously CFO at Aventine Property Group.
- Catherine Hastings promoted to COO from CFO and Treasurer.
- Smith receives $400k base salary and 13,080 RSUs vesting over 3 years.
- Severance and change of control agreement entered with Smith, expiring Dec 31, 2025 with auto-renewal.

## SEC filing metadata
- accession: 0001104659-23-038578
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465923038578/0001104659-23-038578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465923038578/tm2310946d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-038578
- JSON: https://secwatch.observer/filing/0001104659-23-038578.json
- Plain text: https://secwatch.observer/filing/0001104659-23-038578.txt

## Key facts
- Executive change
  David Smith was appointed as Chief Financial Officer and Treasurer at INNOVATIVE INDUSTRIAL PROPERTIES INC.
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: On March 29, 2023, David Smith joined Innovative Industrial Properties, Inc. (the “Company”) as Chief Financial Officer and Treasurer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677576/000110465923038578/0001104659-23-038578-index.htm
- Executive change
  Catherine Hastings changed role as Chief Operating Officer at INNOVATIVE INDUSTRIAL PROPERTIES INC.
  - Action: promoted
  - Role: Chief Operating Officer
  source text: Also effective March 29, 2023, concurrent with Mr. Smith’s appointment, Catherine Hastings was promoted to Chief Operating Officer of the Company, in lieu of her prior position as the Company’s Chief Financial Officer and Treasurer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1677576/000110465923038578/0001104659-23-038578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.