8-K
filed June 23, 2026, 8:06 AM ET
ticker OPIRQ
CIK 0001456772
other material
confidence high
sentiment negative
materiality 0.95
OPI exits Chapter 11, cancels old shares, issues $805M in new secured notes
OFFICE PROPERTIES INCOME TRUST
- Emerged from Chapter 11 on June 17, 2026; old common shares (73.9M) cancelled with no value.
- Issued $420M 10.000% senior secured notes due 2031 and $385M 8.375% notes due 2029.
- ~21.95M new shares issued to noteholders and DIP lenders; noteholders/DIP lenders hold ~67% of new equity.
- Five new trustees elected; existing board replaced; Adam Portnoy and William Lamkin retained.
- Amended management agreements with RMR: $14M annual fee for first 2 years, plus equity incentives up to 8% of new equity.
Featured in Daily 8-K Digest
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Donna D. Fraiche resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark A. Talley resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Barbara D. Gilmore resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Heller was elected as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- elected
- Role
- Trustee
Exact text from the filing
Jonathan Heller, Jonathan Kolatch, William A. Lamkin, Adam D. Portnoy and Irvin Schlussel (each, a “ New Trustee ”) were elected as members of the board of trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Yael Duffy resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy R. Pohl resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam D. Portnoy was elected as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- elected
- Role
- Trustee
Exact text from the filing
Jonathan Heller, Jonathan Kolatch, William A. Lamkin, Adam D. Portnoy and Irvin Schlussel (each, a “ New Trustee ”) were elected as members of the board of trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William A. Lamkin was elected as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- elected
- Role
- Trustee
Exact text from the filing
Jonathan Heller, Jonathan Kolatch, William A. Lamkin, Adam D. Portnoy and Irvin Schlussel (each, a “ New Trustee ”) were elected as members of the board of trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William A. Lamkin resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam D. Portnoy resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Irvin Schlussel was elected as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- elected
- Role
- Trustee
Exact text from the filing
Jonathan Heller, Jonathan Kolatch, William A. Lamkin, Adam D. Portnoy and Irvin Schlussel (each, a “ New Trustee ”) were elected as members of the board of trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jonathan Kolatch was elected as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- elected
- Role
- Trustee
Exact text from the filing
Jonathan Heller, Jonathan Kolatch, William A. Lamkin, Adam D. Portnoy and Irvin Schlussel (each, a “ New Trustee ”) were elected as members of the board of trustees of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey P. Somers resigned as Trustee at OFFICE PROPERTIES INCOME TRUST.
- Action
- resigned
- Role
- Trustee
Exact text from the filing
Yael Duffy, Donna D. Fraiche, Barbara D. Gilmore, William A. Lamkin, Timothy R. Pohl, Adam D. Portnoy, Jeffrey P. Somers and Mark A. Talley resigned as trustees of the Company.
View on SEC.gov
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