---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-302564"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:07:34.574020+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# COO Dinenberg retention plan reduced to 6 months; CLO Fernand extended 1 year

## Summary
- COO Dinenberg's retention term set at Mar 16–Sep 15, 2026, replacing 1-year auto-renewal.
- Salary and target bonus increased 5%; retention bonus of $434,109 split July and Sep 2026.
- Additional $1M bonus if change-of-control or asset sale closes during term or within 12 months after.
- CLO Matthew Fernand's employment extended for 1 year from Mar 16, 2026 (no non-renewal notice).
- Aggregate compensation (excl. $1M bonus) is ~50% of the 1-year renewal amount.

## SEC filing metadata
- accession: 0001193125-25-302564
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000119312525302564/0001193125-25-302564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000119312525302564/d12935d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-302564
- JSON: https://secwatch.observer/filing/0001193125-25-302564.json
- Plain text: https://secwatch.observer/filing/0001193125-25-302564.txt

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