EVP Jennifer Francis to retire; receives $2.25M cash payment and salary through July 2024

RMR GROUP INC.

Jennifer Francis, EVP of The RMR Group LLC, will retire effective July 1, 2024.
She will step down as officer of RMR LLC and as CEO of Diversified Healthcare Trust by Dec 31, 2023.
RMR LLC will pay $2.25M in two installments ($1.125M each) in Jan 2024 and Aug 2024.
She receives $10,000/month from Jan 2024 through retirement date.
Unvested RMR shares will be accelerated upon retirement, subject to Compensation Committee approval.

item 5.02

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Departed

Jennifer Francis

Executive Vice President

RMR · RMR GROUP INC.

Effective: 2024-07-01
Filed: November 20, 2023, 6:59 PM ET

Ms. Francis will continue to serve as an employee of RMR LLC until July 1, 2024 (the “Retirement Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jennifer Francis departed as Executive Vice President at RMR GROUP INC..

Action: retire
Role: Executive Vice President

Exact text from the filing

Ms. Francis will continue to serve as an employee of RMR LLC until July 1, 2024 (the “Retirement Date”).

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RMR GROUP INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-119915

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