secwatch / observer

Seritage Growth Properties — fact timeline

Source-grounded facts extracted from Seritage Growth Properties's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SRG Seritage Growth Properties JSON
Shareholder Votes

Seritage Growth Properties shareholders rejected Approval of an advisory, non-binding, resolution to approve the Company’s executive compensation program for the Company’s named executive officers at the 2026-06-09 meeting.

“The shareholders rejected an advisory, non-binding, resolution to approve the Company’s executive compensation program for the Company’s named executive officers.”
Shareholder Votes

Seritage Growth Properties shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026 at the 2026-06-09 meeting.

“The shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026.”
Shareholder Votes

Seritage Growth Properties shareholders voted on Election of trustees: John T. McClain, Adam Metz, Talya Nevo-Hacohen, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann at the 2026-06-09 meeting.

“John T. McClain, Adam Metz, Talya Nevo-Hacohen, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann stood for re-election as trustees of the Company for a term ending at the 2027 annual meeting of shareholders.”
Material Agreements

Seritage Growth Properties entered into PSA with Arena Development Intermediate, LLC valued at $50,760,000 (effective 2026-06-01).

“On June 1, 2026 (the “Effective Date”), a subsidiary (the "Seller") of Seritage Growth Properties (the "Company") entered into an option purchase and sale agreement (the “PSA”) with Arena Development Intermediate, LLC, a Delaware limited liability company (the “Buyer”) for the sale of the Seller’s property located in Dallas, Texas (the "Property").”
Earnings Releases

Seritage Growth Properties reported three months ended March 31, 2026 results: net income ($31,543), EPS (0.56).

“Net loss attributable to Seritage common shareholders $ (31,543 ) $ (23,427 ) Net loss per share attributable to Seritage common shareholders (0.56 ) (0.42 )”
Earnings Releases

Seritage Growth Properties reported the year ended December 31, 2025 results: net income ($73.1) million, EPS ($1.30) per share.

“Net loss attributable to common shareholders of ($6.3) million, or ($0.11) per share and ($73.1) million, or ($1.30) per share for the three and twelve months ended December 31, 2025, respectively.”
Earnings Releases

Seritage Growth Properties reported the three months ended December 31, 2025 results: net income ($6.3) million, EPS ($0.11) per share.

“Net loss attributable to common shareholders of ($6.3) million, or ($0.11) per share and ($73.1) million, or ($1.30) per share for the three and twelve months ended December 31, 2025, respectively.”
M&A Transactions

Seritage Growth Properties completed a disposition involving Boulevard Step Ventures LLC for $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases (closed 2025-11-25).

“As previously reported by Seritage Growth Properties (the "Company") in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on September 8, 2025, a subsidiary of the Company entered into a purchase and sale agreement (the "PSA") as of September 2, 2025 (the "effective date") with Boulevard Step Ventures LLC (the "Buyer") for the sale of the Company’s property located in Aventura, Florida (the "Aventura Property"). The purchase price for the sale of the Aventura Property was $131.0 million less a credit for unpaid leasing costs as of the closing date for existing leases. The transaction closed on November 25, 2025, in accordance with the terms of the PSA.”

Mitchell Sabshon was appointed as Lead Independent Director at Seritage Growth Properties.

“the Board has appointed Mitchell Sabshon to serve as Lead Independent Director as of the Separation Date.”

Adam Metz was appointed as Interim Chief Executive Officer and President at Seritage Growth Properties.

“The Board has appointed Board Chairman Adam Metz as Interim Chief Executive Officer and President ("Interim CEO") as of the Separation Date.”

Andrea L. Olshan departed as Chief Executive Officer and President at Seritage Growth Properties.

“Ms. Olshan will step down as the Company’s Chief Executive Officer and President ("CEO") and as a member of the Board effective as of April 11, 2025”
Earnings Releases

Seritage Growth Properties reported the three months ended March 31, 2024 results: net income ($20.2) million, EPS ($0.36) per share.

“On May 10, 2024, the Company issued a press release regarding its financial results for the three months ended March 31, 2024.”
Earnings Releases

Seritage Growth Properties reported the year ended December 31, 2023 results: net income ($159.8) million, or ($2.85) per share.

“Seritage Growth Properties Reports Fourth Quarter and Full Year 2023 Operating Results”
Earnings Releases

Seritage Growth Properties reported the three and nine months ended September 30, 2023 results: net income Net loss attributable to common shareholders of ($3.8) million, or ($0.07) per share.

“On November 8, 2023, the Company issued a press release regarding its financial results for the three and nine months ended September 30, 2023.”
Earnings Releases

Seritage Growth Properties reported the three and six months ended June 30, 2023 results: net income Net loss attributable to common shareholders of ($96.9) million, or ($1.73) per share., EPS ($1.73) per share.

“On August 14, 2023, the Company issued a press release regarding its financial results for the three and six months ended June 30, 2023.”
Shareholder Votes

Seritage Growth Properties shareholders approved Approval of, on an advisory basis, the frequency in which shareholders will participate in any advisory vote on executive compensation at the 2023-06-06 meeting.

“4. Approval of, on an advisory basis, the frequency in which shareholders will participate in any advisory vote on executive compensation . The shareholders approved, on an advisory basis, the frequency in which shareholders will participate in any advisory vote on executive compensation. Approval of this advisory, non-binding, resolution required the affirmative vote of a majority of votes at the annual meeting. The votes on this matter were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Vote 35,528,066 9,859 105,941 10,387 6,241,638”
Shareholder Votes

Seritage Growth Properties shareholders approved Approval of an advisory, non-binding, resolution to approve the Company’s executive compensation program for the Company’s named executive officers at the 2023-06-06 meeting.

“3. Approval of an advisory, non-binding, resolution to approve the Company’s executive compensation program for the Company’s named executive officers. The shareholders approved an advisory, non-binding, resolution to approve the Company’s executive compensation program for the Company’s named executive officers. Approval of this advisory, non-binding, resolution required the affirmative vote of a majority of votes at the annual meeting. The votes on this matter were as follows: For Against Abstain Broker Non-Vote 15,576,078 4,979,785 15,098,390 6,241,638”
Shareholder Votes

Seritage Growth Properties shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-06-06 meeting.

“2. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023. The shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2023. Ratification of the appointment of our independent registered public accounting firm required the affirmative vote of a majority of votes at the annual meeting. The votes on this matter were as follows: For Against Abstain Broker Non-Vote 41,712,026 130,977 52,888 0”
Shareholder Votes

Seritage Growth Properties shareholders approved Election of trustees at the 2023-06-06 meeting.

“1. Election of trustees. John T. McClain, Adam Metz, Talya Nevo-Hacohen, Andrea Olshan, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann stood for re-election as trustees of the Company for a term ending at the 2024 annual meeting of shareholders. Under the Company’s bylaws, the affirmative vote of at least two-thirds of all the votes cast at a meeting of shareholders at which a quorum is present is required to elect a trustee. The votes on this matter were as follows, in which all such trustees of the Company received the required two-thirds of all the votes cast: Name For Against Abstain Broker Non-Vote John T. McClain 32,620,431 3,014,117 19,705 6,241,638 Adam Metz 32,892,027 2,750,751 11,475 6,241,638 Talya Nevo-Hacohen 32,949,121 2,672,362 32,770 6,241,638 Andrea Olshan 35,448,284 181,720 24,249 6,241,638 Mitchell Sabshon 34,471,109 1,162,935 20,209 6,241,638 Allison L. Thrush 34,935,694 697,619 20,940 6,241,638 Mark Wilsmann 34,937,226 697,046 19,981 6,241,638”

Mark Wilsmann resigned as Trustee at Seritage Growth Properties.

“On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees”

Allison L. Thrush resigned as Trustee at Seritage Growth Properties.

“On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees”

Mitchell Sabshon resigned as Trustee at Seritage Growth Properties.

“On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees”

Adam Metz resigned as Trustee at Seritage Growth Properties.

“On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees”

John T. McClain resigned as Trustee at Seritage Growth Properties.

“On June 5, 2023, John T. McClain, Adam Metz, Mitchell Sabshon, Allison L. Thrush and Mark Wilsmann resigned from the Board of Trustees”
Earnings Releases

Seritage Growth Properties reported the quarter ended March 31, 2023 results: net income ($63.2) million, EPS ($1.13) per share.

“Financial Highlights: For the quarter ended March 31, 2023: • As of March 31, 2023, the Company had cash on hand of $132.1 million, including $11.6 million of restricted cash. As of May 8, 2023, the Company had cash on hand of $143.5 million, including $11.6 million of restricted cash. • Net loss attributable to common shareholders of ($63.2) million, or ($1.13) per share.”

Sharon Osberg departed as Director at Seritage Growth Properties.

“On April 17, 2023, Sharon Osberg notified the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) of her decision not to stand for re-election to the Board at the Company’s 2023 Annual Meeting of Shareholders.”
Earnings Releases

Seritage Growth Properties reported financial results for three and nine months ended September 30, 2022.

“the Company issued a press release regarding its financial results for the three and nine months ended September 30, 2022.”

Thomas Steinberg resigned as Trustee at Seritage Growth Properties.

“The Company also announced that Trustees David Fawer and Thomas Steinberg have resigned from the Seritage Board, effective upon Mr. Sabshon’s, Ms. Nevo-Hacohen’s and Mr. Wilsmann’s appointments.”

David Fawer resigned as Trustee at Seritage Growth Properties.

“The Company also announced that Trustees David Fawer and Thomas Steinberg have resigned from the Seritage Board, effective upon Mr. Sabshon’s, Ms. Nevo-Hacohen’s and Mr. Wilsmann’s appointments.”

Mark Wilsmann was elected as Trustee at Seritage Growth Properties.

“On April 26, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Mitchell Sabshon, Talya Nevo-Hacohen and Mark Wilsmann as trustees of the Company and as members of Class I, II and III of the Board, respectively, effective immediately.”

Talya Nevo-Hacohen was elected as Trustee at Seritage Growth Properties.

“On April 26, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Mitchell Sabshon, Talya Nevo-Hacohen and Mark Wilsmann as trustees of the Company and as members of Class I, II and III of the Board, respectively, effective immediately.”

Mitchell Sabshon was elected as Trustee at Seritage Growth Properties.

“On April 26, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Mitchell Sabshon, Talya Nevo-Hacohen and Mark Wilsmann as trustees of the Company and as members of Class I, II and III of the Board, respectively, effective immediately.”

Adam S. Metz was elected as Trustee at Seritage Growth Properties.

“On March 30, 2022, the Board of Trustees (the “Board”) of Seritage Growth Properties (the “Company”) elected Adam S. Metz as a trustee of the Company and as a member of Class I of the Board, effective immediately.”

Thomas M. Steinberg departed as member of the Board of Trustees at Seritage Growth Properties.

“each of Messrs. David S. Fawer and Thomas M. Steinberg, members of the Board, notified the Board that he would not stand for reelection as a trustee of the Company.”

David S. Fawer departed as member of the Board of Trustees at Seritage Growth Properties.

“each of Messrs. David S. Fawer and Thomas M. Steinberg, members of the Board, notified the Board that he would not stand for reelection as a trustee of the Company.”

Edward S. Lampert departed as Chairman of the Board of Trustees at Seritage Growth Properties.

“Mr. Edward S. Lampert, the Chairman of the Company’s Board of Trustees (the “ Board ”), retired as Chairman and resigned from the Board effective March 1, 2022.”

John Garilli was appointed as interim chief financial officer at Seritage Growth Properties.

“On January 7, 2022, the Company announced that John Garilli has been appointed interim chief financial officer on a full-time basis, effective January 14, 2022.”

Amanda Lombard resigned as Chief Financial Officer at Seritage Growth Properties.

“On January 3, 2022, Amanda Lombard notified Seritage Growth Properties (the “Company”) of her intention to resign from her position as Chief Financial Officer of the Company to pursue another professional opportunity.”

Eric Dinenberg was appointed as Chief Operating Officer at Seritage Growth Properties.

“On December 22, 2021, Seritage Growth Properties (the “ Company ”) announced that Eric Dinenberg has been appointed as the Company’s Chief Operating Officer, effective January 1, 2022.”

Mary Rottler resigned as Chief Operating Officer at Seritage Growth Properties.

“On September 23, 2021, Mary Rottler, the Chief Operating Officer of Seritage Growth Properties (the “Company”) notified the Company of her resignation from the Company to pursue another opportunity at a private real estate company.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.