---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-081766"
form_type: "8-K"
ticker: null
cik: "0001310383"
company_name: "Summit Healthcare REIT, Inc"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T06:52:31.082732+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Summit Healthcare REIT terminates CEO for cause, appoints Pagliarini as CEO and Grant as CFO

## Summary
- CEO Kent Eikanas terminated for cause on July 14, 2023, after failing to cure performance deficiencies; he filed a wrongful termination claim on June 5, 2023.
- Elizabeth Pagliarini, previously CFO/COO, appointed CEO and Secretary effective July 15, 2023, and added to the Board.
- Sharyn Grant, previously Controller, appointed CFO effective July 15, 2023, with base salary of $250,000 and potential bonus up to $30,000.
- Termination for cause means Eikanas receives accrued compensation but no severance; his employment agreement is on file.

## SEC filing metadata
- accession: 0001104659-23-081766
- form_type: 8-K
- cik: 0001310383
- company_name: Summit Healthcare REIT, Inc
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/0001104659-23-081766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/tm2319827d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-081766
- JSON: https://secwatch.observer/filing/0001104659-23-081766.json
- Plain text: https://secwatch.observer/filing/0001104659-23-081766.txt

## Key facts
- Executive change
  Elizabeth Pagliarini was appointed as Chief Executive Officer and Secretary at Summit Healthcare REIT, Inc.
  - Action: appointed
  - Role: Chief Executive Officer and Secretary
  source text: appointed Elizabeth Pagliarini, age 52, the current Chief Financial Officer and Chief Operating Officer of the Company since 2014 and 2019, respectively, as Chief Executive Officer and Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/0001104659-23-081766-index.htm
- Executive change
  Elizabeth Pagliarini was appointed as Director at Summit Healthcare REIT, Inc.
  - Action: appointed
  - Role: Director
  source text: Ms. Pagliarini was also appointed to fill the vacancy on the Board of Directors created by Mr. Eikanas’ resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/0001104659-23-081766-index.htm
- Executive change
  Kent Eikanas departed as Chief Executive Officer and Secretary at Summit Healthcare REIT, Inc.
  - Action: terminated for cause
  - Role: Chief Executive Officer and Secretary
  source text: terminated, for cause, Kent Eikanas from his position as Chief Executive Officer and Secretary of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/0001104659-23-081766-index.htm
- Executive change
  Sharyn Grant was appointed as Chief Financial Officer at Summit Healthcare REIT, Inc.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Board of Directors of the Company also appointed Sharyn Grant, CPA, age 61, Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1310383/000110465923081766/0001104659-23-081766-index.htm

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