IRT names CFO Sebra as President; ATM forward sale of 1.5M shares for ~$29.6M

INDEPENDENCE REALTY TRUST, INC.

CFO James Sebra appointed President in addition to CFO role, now oversees operations; Schaeffer remains Chairman & CEO.
During August 2024, IRT entered forward sale transactions for 1,500,000 shares under its $450M ATM program.
Expected gross proceeds of ~$29.6 million; forward maturities on Sept 30, 2025; settlement pending.
No family relationships or material transactions disclosed in connection with Sebra's appointment.

item 5.02 item 8.01 item 9.01

Executive movements

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

Appointed

James J. Sebra

President

IRT · INDEPENDENCE REALTY TRUST, INC.

Effective: 2024-09-03
Filed: September 3, 2024, 7:59 PM ET

On September 3, 2024, the Board of Directors of Independence Realty Trust, Inc. (the “Company”) appointed James J. Sebra, its Chief Financial Officer, to the additional position of President of the Company.

Role change

Scott F. Schaeffer

President

IRT · INDEPENDENCE REALTY TRUST, INC.

Effective: 2024-09-03
Successor: James J. Sebra
Filed: September 3, 2024, 7:59 PM ET

Scott F. Schaeffer, who previously held the positions of Chairman of the Board of Directors, President and Chief Executive Officer of the Company, will continue as Chairman of the Board of Directors and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James J. Sebra was appointed as President at INDEPENDENCE REALTY TRUST, INC..

Action: appointed
Role: President

Exact text from the filing

On September 3, 2024, the Board of Directors of Independence Realty Trust, Inc. (the “Company”) appointed James J. Sebra, its Chief Financial Officer, to the additional position of President of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Scott F. Schaeffer changed role as President at INDEPENDENCE REALTY TRUST, INC..

Role: President

Exact text from the filing

Scott F. Schaeffer, who previously held the positions of Chairman of the Board of Directors, President and Chief Executive Officer of the Company, will continue as Chairman of the Board of Directors and Chief Executive Officer of the Company.

View on SEC.gov

INDEPENDENCE REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001466085-24-000101

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