MPT COO and co-founder Emmett McLean to retire effective Sept 1, 2023

MEDICAL PROPERTIES TRUST INC

Emmett E. McLean, EVP, COO, and Secretary, will retire on September 1, 2023, after 20+ years.
Retirement is not due to any dispute or disagreement with the company.
Board approved accelerated vesting of 615,743 restricted stock awards and $769,762 in catch-up dividends.
Company does not plan to immediately name a new COO.
Press release issued February 23, 2023, announcing the retirement.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Emmett E. McLean

Executive Vice President, Chief Operating Officer, and Secretary

MPT · MEDICAL PROPERTIES TRUST INC

Effective: 2023-09-01
Filed: February 23, 2023, 6:59 PM ET

On February 16, 2023, Emmett E. McLean notified the Board of Directors (the “Board”) of Medical Properties Trust, Inc. (the “Company”) of his intent to retire as Executive Vice President, Chief Operating Officer, and Secretary of the Company, effective September 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Emmett E. McLean departed as Executive Vice President, Chief Operating Officer, and Secretary at MEDICAL PROPERTIES TRUST INC.

Action: retire
Role: Executive Vice President, Chief Operating Officer, and Secretary

Exact text from the filing

On February 16, 2023, Emmett E. McLean notified the Board of Directors (the “Board”) of Medical Properties Trust, Inc. (the “Company”) of his intent to retire as Executive Vice President, Chief Operating Officer, and Secretary of the Company, effective September 1, 2023.

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MEDICAL PROPERTIES TRUST INC filing history →

Source: SEC EDGAR

accession 0001193125-23-046802

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