Sabra appoints Michael Costa as CFO effective Jan 1, 2022; Harold Andrews retires

Sabra Health Care REIT, Inc.

Michael Costa appointed EVP, CFO, and Secretary effective Jan 1, 2022; will continue as principal accounting officer.
Harold Andrews retired Dec 31, 2021; enters two-year consulting agreement with $500k annual fee and continued equity vesting.
Costa's employment agreement provides $450k base salary, annual bonus, and severance multiplier of 1.5x (or 2x on change in control).
New form of indemnification agreement approved for directors and officers.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Harold Andrews

Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary

SBRA · Sabra Health Care REIT, Inc.

Effective: 2021-12-31
Successor: Michael Costa
Filed: January 3, 2022, 6:59 PM ET

Harold Andrews, the Company’s Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary, retired from Sabra effective December 31, 2021.

Appointed

Michael Costa

Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary

SBRA · Sabra Health Care REIT, Inc.

Effective: 2022-01-01
Filed: January 3, 2022, 6:59 PM ET

On December 30, 2021, Sabra’s Board of Directors appointed Michael Costa, Sabra’s Executive Vice President – Finance and Chief Accounting Officer (Principal Accounting Officer), to succeed Mr. Andrews as the Company’s Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary, in each case effective January 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Harold Andrews retired as Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary at Sabra Health Care REIT, Inc..

Action: retired
Role: Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary

Exact text from the filing

Harold Andrews, the Company’s Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary, retired from Sabra effective December 31, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Costa was appointed as Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary at Sabra Health Care REIT, Inc..

Action: appointed
Role: Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary

Exact text from the filing

On December 30, 2021, Sabra’s Board of Directors appointed Michael Costa, Sabra’s Executive Vice President – Finance and Chief Accounting Officer (Principal Accounting Officer), to succeed Mr. Andrews as the Company’s Executive Vice President, Chief Financial Officer (Principal Financial Officer) and Secretary, in each case effective January 1, 2022.

View on SEC.gov

Sabra Health Care REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-000239

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