secwatch.observer — SEC 8-K summary
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Issuer:     AMERICOLD REALTY TRUST (COLD)
CIK:        0001455863
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001628280-21-021459
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Americold terminates CEO Fred Boehler; appoints George Chappelle interim; Q3 rev +42.5% to $708.8M
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- CEO Fred Boehler terminated without cause; George Chappelle (ex-Tyson Foods) named Interim CEO; Board expands from 8 to 10 with three new trustees.
- Q3 total revenue $708.8M (+42.5% YoY); net income $5.3M ($0.02 diluted EPS); Core FFO $0.23/sh; AFFO $0.27/sh.
- Global Warehouse same-store NOI decreased 5.1% YoY; FY2021 AFFO guidance maintained at $1.15-$1.20/sh.
- Completed acquisitions: ColdCo ($20.5M) in August and Newark Facility Management ($376.5M) in September.
- Boehler severance: 2x base salary plus target bonus over 24 months, health benefits 18 months, accelerated equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1455863/000162828021021459/0001628280-21-021459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1455863/000162828021021459/art-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-021459

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