Sonida Senior Living CEO Kim Lody to step down; COO Brandon Ribar promoted to CEO

SONIDA SENIOR LIVING, INC.

CEO Kim Lody resigns effective Sept 2, 2022, after 8 years with the company.
Board appoints COO Brandon Ribar as President, CEO, and board member, effective same date.
Ribar's base salary set at $450k, bonus target 75% of salary.
Ribar has been COO since Sept 2019, instrumental in operations, COVID response, and recapitalization.
Lody will remain in role until Sept 2 to ensure smooth transition.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Kimberly S. Lody

President and Chief Executive Officer

SNDA · SONIDA SENIOR LIVING, INC.

Effective: 2022-09-02
Successor: Brandon M. Ribar
Filed: August 5, 2022, 7:59 PM ET

On August 2, 2022, Kimberly S. Lody notified Sonida Senior Living, Inc. (the “Company”) that she is resigning as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “Board”), effective September 2, 2022.

Role change

Brandon M. Ribar

President and Chief Executive Officer

SNDA · SONIDA SENIOR LIVING, INC.

Effective: 2022-09-02
Filed: August 5, 2022, 7:59 PM ET

On August 2, 2022, the Board appointed Brandon M. Ribar, the Company’s Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer of the Company and as a member of the Board, effective September 2, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kimberly S. Lody resigned as President and Chief Executive Officer at SONIDA SENIOR LIVING, INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On August 2, 2022, Kimberly S. Lody notified Sonida Senior Living, Inc. (the “Company”) that she is resigning as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “Board”), effective September 2, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brandon M. Ribar was appointed as President and Chief Executive Officer at SONIDA SENIOR LIVING, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On August 2, 2022, the Board appointed Brandon M. Ribar, the Company’s Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer of the Company and as a member of the Board, effective September 2, 2022.

View on SEC.gov

SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-213062

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