Brookdale Senior Living Announces Executive and Board Changes
Ticker: BKD · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1332349
| Field | Detail |
|---|---|
| Company | Brookdale Senior Living Inc. (BKD) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, annual-meeting
TL;DR
Brookdale's board is shaking up: Eggleston out, new directors in, and stockholders voted on exec pay.
AI Summary
Brookdale Senior Living Inc. announced on June 18, 2024, several key executive and board changes. These include the departure of Director Steven A. Eggleston and the appointment of new directors, including Mark J. Ohl, as well as changes to committee memberships. The company also reported on the outcome of its annual meeting of stockholders, where proposals related to the election of directors and executive compensation were voted upon.
Why It Matters
Changes in leadership and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes, especially if unexpected, can introduce uncertainty about future strategy and operational direction.
Key Players & Entities
- Brookdale Senior Living Inc. (company) — Registrant
- Steven A. Eggleston (person) — Departing Director
- Mark J. Ohl (person) — Appointed Director
- June 18, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors?
Steven A. Eggleston has departed from the Board of Directors.
Who has been appointed as a new director?
Mark J. Ohl has been appointed as a new director.
What is the date of the report?
The date of the report is June 18, 2024.
What are the main items voted on at the annual meeting of stockholders?
The annual meeting of stockholders voted on the election of directors and executive compensation.
What is the company's state of incorporation?
The company is incorporated in Delaware.
Filing Stats: 1,007 words · 4 min read · ~3 pages · Grade level 10.2 · Accepted 2024-06-20 08:31:22
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value Per Share BKD New York Stock
Filing Documents
- bkd-20240618.htm (8-K) — 59KB
- brookdaleseniorlivinginc20.htm (EX-10.1) — 147KB
- 0001332349-24-000084.txt ( ) — 404KB
- bkd-20240618.xsd (EX-101.SCH) — 3KB
- bkd-20240618_def.xml (EX-101.DEF) — 15KB
- bkd-20240618_lab.xml (EX-101.LAB) — 28KB
- bkd-20240618_pre.xml (EX-101.PRE) — 16KB
- bkd-20240618_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) The Company held its Annual Meeting on June 18, 2024. Set forth below is information concerning each matter submitted to a vote at the Annual Meeting, including the final voting results. Each such matter is described in detail in the Company's Proxy Statement. (b) Proposal 1 : Stockholders elected Jordan R. Asher, Lucinda M. Baier, Frank M. Bumstead, Claudia Napal Drayton, Victoria L. Freed, Elizabeth B. Mace, Denise W. Warren, and Lee S. Wielansky as directors, each to hold office for a one-year term expiring at the 2025 annual meeting of stockholders. Each such nominee received a majority of votes cast in his or her election. The following votes were taken in connection with the election of directors at the Annual Meeting: Director Nominees Votes For Votes Against Abstentions Broker Non-Votes Jordan R. Asher 156,083,936 1,988,507 31,582 10,238,773 Lucinda M. Baier 157,482,087 586,367 35,571 10,238,773 Frank M. Bumstead 149,394,176 8,676,020 33,829 10,238,773 Claudia Napal Drayton 157,651,433 430,233 22,359 10,238,773 Victoria L. Freed 156,233,823 1,836,593 33,609 10,238,773 Elizabeth B. Mace 157,658,156 417,333 28,536 10,238,773 Denise W. Warren 150,935,195 7,123,636 45,194 10,238,773 Lee S. Wielansky 157,514,759 563,391 25,875 10,238,773 Proposal 2 : Stockholders approved, on an advisory basis, the compensation paid to the Company's named executive officers, as disclosed in the Proxy Statement. The following votes were taken in connection with the proposal: Votes For Votes Against Abstentions Broker Non-Votes 151,880,311 6,191,685 32,029 10,238,773 Proposal 3 : Stockholders approved the ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024. The following votes were taken in connection with the proposal: Votes For Votes Against Abstentions Broker Non-Votes 161,916,027 6,399,259 27,512 — Proposal 4 : Sto
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. Following the Annual Meeting, the Board of the Company appointed Denise W. Warren as the Non-Executive Chairman of the Board. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Brookdale Senior Living Inc. 2024 Omnibus Incentive Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BROOKDALE SENIOR LIVING INC. Date: June 20, 2024 By: /s/ Chad C. White Name: Chad C. White Title: Executive Vice President, General Counsel and Secretary