secwatch.observer — SEC 8-K summary
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Issuer:     Brookdale Senior Living Inc. (BKD)
CIK:        0001332349
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001332349-25-000136
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brookdale appoints Nick Stengle as CEO effective Oct 6, 2025; background in senior living and hospitality
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- Nick Stengle appointed CEO and Board member effective Oct 6, 2025; interim CEO Denise Warren returns to Non-Executive Chairman.
- Stengle previously President/COO of Gentiva (12,000 associates, 550 locations) and EVP/COO of Sunrise Senior Living (250 communities).
- Compensation: $950K base salary, 140% target bonus, $370K sign-on, $4.65M 2026 LTI target, initial RSU grant of ~$3.16M.
- Employment agreement three-year term; severance: 150% (non-CIC) or 200% (CIC) of base plus target bonus, plus COBRA.
- Board expanded to nine directors; eight independent. Office of the CEO dissolved; CFO and GC remain in current roles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332349/000133234925000136/0001332349-25-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332349/000133234925000136/bkd-20251002.htm
  HTML page:      https://secwatch.observer/filing/0001332349-25-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer