CareTrust REIT CEO Greg Stapley to resign Jan 1, 2022; David Sedgwick named successor

CareTrust REIT, Inc.

Greg Stapley steps down as CEO effective Jan 1, 2022, will serve as Executive Chairman for ~6 months.
David Sedgwick, current President & COO, appointed CEO effective Jan 1, 2022, retaining President title.
Sedgwick's 2022 base salary set at $700,000; target short-term bonus raised to $1,000,000 from $475,000.
Diana M. Laing appointed Lead Independent Director; has served on board since 2019.
Stapley leaving for a three-year full-time volunteer assignment with The Church of Jesus Christ of Latter-day Saints.

item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Diana M. Laing

Lead Independent Director

CTRE · CareTrust REIT, Inc.

Effective: 2021-12-09
Filed: December 10, 2021, 6:59 PM ET

On December 9, 2021, the Board of Directors appointed Diana M. Laing as Lead Independent Director.

Role change

Greg Stapley

Executive Chairman

CTRE · CareTrust REIT, Inc.

Effective: 2022-01-01
Successor: David Sedgwick
Filed: December 10, 2021, 6:59 PM ET

On December 9, 2021, Greg Stapley notified CareTrust REIT, Inc. (the “Company”) of his resignation as Chief Executive Officer (“CEO”) of the Company, effective January 1, 2022.

Appointed

David Sedgwick

Chief Executive Officer

CTRE · CareTrust REIT, Inc.

Effective: 2022-01-01
Filed: December 10, 2021, 6:59 PM ET

Also on December 9, 2021, the Board of Directors of the Company appointed David Sedgwick, the Company’s current President and Chief Operating Officer, as CEO, effective January 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana M. Laing was appointed as Lead Independent Director at CareTrust REIT, Inc..

Action: appointed
Role: Lead Independent Director

Exact text from the filing

On December 9, 2021, the Board of Directors appointed Diana M. Laing as Lead Independent Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Stapley resigned as Executive Chairman at CareTrust REIT, Inc..

Action: resigned
Role: Executive Chairman

Exact text from the filing

On December 9, 2021, Greg Stapley notified CareTrust REIT, Inc. (the “Company”) of his resignation as Chief Executive Officer (“CEO”) of the Company, effective January 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Sedgwick was appointed as Chief Executive Officer at CareTrust REIT, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Also on December 9, 2021, the Board of Directors of the Company appointed David Sedgwick, the Company’s current President and Chief Operating Officer, as CEO, effective January 1, 2022.

View on SEC.gov

CareTrust REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-21-024801

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