---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-265135"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:03:10.017297+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Seritage extends retention bonuses for COO ($750K) and CLO ($796.9K); annual 5% salary hikes

## Summary
- COO Dinenberg's retention bonus $750K annually; CLO Fernand $796.9K; then 105% of prior each year.
- Annual salary increases 5% each year starting Mar 2024; target bonus remains 75% of salary with no performance metrics.
- Cash awards replace equity: $300K (Dinenberg) and $318.75K (Fernand) initial Target Equity Amount, scaling 105% yearly.
- Amendments extend retention through Mar 2025 (Dinenberg) and Mar 2026 (Fernand) as company pursues sale plan.
- Accelerated vesting and lump-sum severance upon termination without cause, death, or non-renewal.

## SEC filing metadata
- accession: 0001193125-23-265135
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000119312523265135/0001193125-23-265135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000119312523265135/d574146d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-265135
- JSON: https://secwatch.observer/filing/0001193125-23-265135.json
- Plain text: https://secwatch.observer/filing/0001193125-23-265135.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.