--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-26-076652" form_type: "8-K" ticker: "OPIRQ" cik: "0001456772" company_name: "OFFICE PROPERTIES INCOME TRUST" filed_at: "2026-06-23T12:06:12+00:00" generated_at: "2026-06-23T12:10:28.040705+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # OPI exits Chapter 11, cancels old shares, issues $805M in new secured notes ## Summary - 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. ## SEC filing metadata - accession: 0001104659-26-076652 - form_type: 8-K - ticker: OPIRQ - cik: 0001456772 - company_name: OFFICE PROPERTIES INCOME TRUST - filed_at: 2026-06-23T12:06:12+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/tm2618043d2_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-26-076652 - JSON: https://secwatch.observer/filing/0001104659-26-076652.json - Plain text: https://secwatch.observer/filing/0001104659-26-076652.txt ## Key facts - Executive change Donna D. Fraiche resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Mark A. Talley resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Barbara D. Gilmore resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Jonathan Heller was elected as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: elected - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Yael Duffy resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Timothy R. Pohl resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Adam D. Portnoy was elected as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: elected - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change William A. Lamkin was elected as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: elected - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change William A. Lamkin resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Adam D. Portnoy resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Irvin Schlussel was elected as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: elected - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Jonathan Kolatch was elected as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: elected - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm - Executive change Jeffrey P. Somers resigned as Trustee at OFFICE PROPERTIES INCOME TRUST. - Action: resigned - Role: Trustee source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1456772/000110465926076652/0001104659-26-076652-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.