Four Corners Property Trust CFO Gerald Morgan to retire; Patrick Wernig named successor

Four Corners Property Trust, Inc.

CFO Gerald Morgan retires effective May 3, 2024; will serve as Advisor ($50k/month) through Oct 31, then consultant ($8k/month) to Feb 28, 2026.
Patrick L. Wernig, Managing Director of Acquisitions since 2022 and FCPT employee since 2016, appointed CFO on or about May 3, 2024.
CEO William Lenehan's amended agreement: $690,100 base salary, 125% target bonus, $2,959,706 target equity award.
COO James Brat's amended agreement: $448,050 base salary, 65% target bonus, $618,000 target equity award.
Morgan's transition agreement includes continued equity vesting through consulting period and severance upon termination without cause.

item 5.02 item 9.01

Executive movements

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

Departed

Gerald R. Morgan

Chief Financial Officer

FCPT · Four Corners Property Trust, Inc.

Effective: 2024-05-03
Successor: Patrick L. Wernig
Filed: March 7, 2024, 6:59 PM ET

Gerald R. Morgan, the Chief Financial Officer of the Company, will retire from employment with the Company as the Chief Financial Officer effective as of May 3, 2024

Appointed

Patrick L. Wernig

Chief Financial Officer

FCPT · Four Corners Property Trust, Inc.

Effective: 2024-05-03
Filed: March 7, 2024, 6:59 PM ET

subject to his appointment by the Company’s Board of Directors, Patrick L. Wernig, the Company’s current Managing Director of Acquisitions, will be appointed as the Company’s Chief Financial Officer on or about the Effective Date

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gerald R. Morgan departed as Chief Financial Officer at Four Corners Property Trust, Inc..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

Gerald R. Morgan, the Chief Financial Officer of the Company, will retire from employment with the Company as the Chief Financial Officer effective as of May 3, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick L. Wernig was appointed as Chief Financial Officer at Four Corners Property Trust, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

subject to his appointment by the Company’s Board of Directors, Patrick L. Wernig, the Company’s current Managing Director of Acquisitions, will be appointed as the Company’s Chief Financial Officer on or about the Effective Date

View on SEC.gov

Four Corners Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001650132-24-000049

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.