Highest-materiality recent filing
Sun Communities unit sells UK holiday park portfolio for £785.7M base; authorizes $1B buyback
Base consideration £785,677,329.58 for sale of Crown Holdco, Ocean One Hundred, SCI Bidco, Time GB shares to Panther Bidco.
Sun Communities sells UK Park Holidays for $1.03B all-cash; expects $1.0-1.1B impairment
Enterprise value of £768M (~$1.03B); all-cash consideration; buyer is Aermont Capital affiliate.
Mark E. Patten departed as CFO on Feb 4, 2026; mutual decision, no disagreement with financial policies.
Sun Communities enters $2.0B revolving credit facility, replaces $3.05B facility, matures Jan 2030
New credit agreement upsized to $2.0B revolver with option to increase by $1.0B; no borrowings at closing.
Sun Communities appoints Charles Young as CEO effective Oct 1; Shiffman to Non-Executive Chairman
Charles D. Young appointed CEO and director, effective Oct 1, 2025; succeeds Gary Shiffman who retires as CEO after 40 years.
Initial closing of Safe Harbor sale to Blackstone affiliate; net cash proceeds ~$5.25B.
Sun Communities sells Safe Harbor Marinas to Blackstone for $5.65B, refocuses on MH/RV
All-cash purchase price of $5.65B, subject to post-closing adjustments; initial close expected Q2 2025.
CEO Gary Shiffman intends to retire in 2025 after over 40 years; succession committee co-chaired by Jeff Blau and Tonya Allen.
Sun Communities restates 2023 quarterly financials; goodwill impairment errors up to $370M
Non-reliance on Q1-Q3 2023 unaudited financials due to goodwill impairment errors at Park Holidays.
Sun Communities appoints two directors, establishes capital allocation committee after activist pact
Appointed Jerry Ehlinger (ex-Heitman CIO) and Craig Leupold (GSI Capital Advisors CEO) to the Board, expanding from 9 to 11 directors.
Sun Communities prices $500M of 5.500% senior notes due 2029
$500M aggregate principal of 5.500% senior notes due 2029, priced at 99.878% for yield of 5.528%.
On March 17, 2025, the Board of Directors of Sun Communities, Inc. (the “Company”) appointed Brian Loftus as the principal accounting officer of the Company with the title Senior Vice President and Chief Accounting Officer.
On November 6, 2024, the Company appointed John B. McLaren as its President.
Gary A. Shiffman, Chairman of the Board and Chief Executive Officer of Sun Communities, Inc. (the “Company”), informed the Company’s Board of Directors of his intent to retire as Chief Executive Officer
effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company
effective immediately appointed Messrs. Jerry Ehlinger and Craig A. Leupold to serve as directors of the Company
On January 25, 2023, the Board of Directors (the “Board”) of Sun Communities, Inc. (the “Company”), increased the size of the Board from eight to nine directors and effective immediately appointed Mr. Jeff T. Blau to serve as a director of the Company until the annual meeting of the Company’s stockholders to be held in 2024.
On September 7, 2022, John B. McLaren tendered his resignation from his positions as President and Chief Operating Officer of Sun Communities, Inc. (the “Company”), effective as of December 31, 2022.
Also on September 7, 2022, the Company appointed Bruce D. Thelen as its Chief Operating Officer and Executive Vice President, effective as of December 31, 2022.
Also on September 7, 2022, the Company appointed Gary A. Shiffman as its President, effective as of December 31, 2022.
on April 8, 2022, Karen J. Dearing announced her retirement from her positions as Chief Financial Officer, Secretary and Treasurer of the Company, effective as of May 2, 2022.
Also on April 8, 2022, the Company appointed Fernando Castro-Caratini as its Executive Vice President, Chief Financial Officer, Secretary and Treasurer, effective as of May 2, 2022.
Max materiality 0.90 · Median 0.30 · Most common event other_material