Life Time President & COO Jeff Zwiefel to retire Dec 31, 2023; will continue as consultant

Life Time Group Holdings, Inc.

Jeff Zwiefel will retire after 25 years, staying as President and COO through Dec 31, 2023 at current pay.
Consulting agreement: minimum 1,000 hours over 2 years at $400/hour; equity awards continue vesting.
He will receive 18 months of health insurance, club membership through March 2027, and up to $50k for coaching.
Annual incentive for 2023 based on actual results; severance benefits contingent on release and restrictive covenants.
Company will determine how to handle his responsibilities before his retirement.

item 5.02

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Departed

Jeff Zwiefel

President and Chief Operating Officer

LTH · Life Time Group Holdings, Inc.

Effective: 2023-12-31
Filed: June 9, 2023, 7:59 PM ET

On June 6, 2023, Life Time Group Holdings, Inc. (the “Company”) received notice from Jeff Zwiefel, the Company’s President and Chief Operating Officer, of his intention to retire from the Company after 25 years of service, effective December 31, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Zwiefel retired as President and Chief Operating Officer at Life Time Group Holdings, Inc..

Action: retired
Role: President and Chief Operating Officer

Exact text from the filing

On June 6, 2023, Life Time Group Holdings, Inc. (the “Company”) received notice from Jeff Zwiefel, the Company’s President and Chief Operating Officer, of his intention to retire from the Company after 25 years of service, effective December 31, 2023.

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Life Time Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001869198-23-000044

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