CHCT 8-K: Executive/Director Changes & Compensation Reported
Ticker: CHCT · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1631569
| Field | Detail |
|---|---|
| Company | Community Healthcare Trust Inc (CHCT) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $647,250.00, $666,668.00, $17,418.00, $480,000.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation, 8-K
TL;DR
**CHCT filed an 8-K about executive changes and compensation, but the details aren't in this summary.**
AI Summary
Community Healthcare Trust Inc. filed an 8-K on January 3, 2024, to report an event related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' While the filing indicates a change in executive or director compensation or roles, the specific details of these changes, including names and dollar amounts, are not provided in this initial summary. This matters to investors because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or compensation can directly influence a company's strategic direction and financial performance, which are key drivers of stock value.
Risk Assessment
Risk Level: medium — The filing indicates significant corporate governance changes (executive/director departures/appointments, compensation), but without specific details, the impact on the company's stability and future performance is uncertain.
Analyst Insight
Investors should monitor for subsequent filings or press releases from Community Healthcare Trust Inc. that provide specific details regarding the executive and director changes and compensation arrangements, as these specifics will determine the actual impact on the company.
Key Players & Entities
- Community Healthcare Trust Inc. (company) — the registrant filing the 8-K
- Maryland (company) — state of incorporation for Community Healthcare Trust Inc.
- New York Stock Exchange (company) — where Community Healthcare Trust Inc.'s common stock is registered
- CHCT (company) — trading symbol for Community Healthcare Trust Inc.
Forward-Looking Statements
- Community Healthcare Trust Inc. will release a subsequent filing or press release detailing the specific executive or director changes and compensation arrangements. (Community Healthcare Trust Inc.) — high confidence, target: Q1 2024
- The market reaction to this filing will be muted until more specific details about the executive changes are disclosed. (CHCT stock price) — medium confidence, target: January 2024
FAQ
What is the primary purpose of this 8-K filing by Community Healthcare Trust Inc.?
The primary purpose of this 8-K filing, dated January 3, 2024, is to report an event under Item 5.02, specifically concerning 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.'
What is the trading symbol and exchange for Community Healthcare Trust Inc.'s common stock?
Community Healthcare Trust Inc.'s common stock trades under the symbol CHCT on the New York Stock Exchange, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for Community Healthcare Trust Inc.?
Community Healthcare Trust Inc. is incorporated in Maryland, as indicated in the filing under 'State or other jurisdiction of incorporation'.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 3, 2024, as specified in the 'Date of report (Date of earliest event reported)' section.
Does this 8-K filing provide specific names or dollar amounts related to the reported executive or director changes?
No, this initial 8-K filing, as provided, only states the category of the event (Item 5.02) but does not include specific names of individuals, dollar amounts for compensatory arrangements, or detailed descriptions of the changes.
Filing Stats: 1,496 words · 6 min read · ~5 pages · Grade level 11.1 · Accepted 2024-01-03 16:46:38
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share CHCT New York Stock
- $647,250.00 — ). Mr. Dupuy's previous Base Salary was $647,250.00. The Dupuy First Amendment increases th
- $666,668.00 — ment increases the Dupuy Base Salary to $666,668.00 for 2024, which is a $17,418.00 increas
- $17,418.00 — ary to $666,668.00 for 2024, which is a $17,418.00 increase. The foregoing descriptions o
- $480,000.00 — . Mr. Monroe's previous Base Salary was $480,000.00. The Monroe First Amendment increases t
- $494,400.00 — ent increases the Monroe Base Salary to $494,400.00 for 2024, which is a $14,400.00 increas
- $14,400.00 — ary to $494,400.00 for 2024, which is a $14,400.00 increase. The foregoing descriptions o
- $446,214.00 — "). In 2023, the Stach Base Salary was $446,214.00. The Stach Fifth Amendment increases th
- $459,600.00 — ment increases the Stach Base Salary to $459,600.00 for 2024, which is a $13,386.00 increas
- $13,386.00 — ary to $459,600.00 for 2024, which is a $13,386.00 increase from 2023. The foregoing desc
- $339,579.00 — "). In 2023, the Meyer Base Salary was $339,579.00. The Meyer Third Amendment increases th
- $349,766.00 — ment increases the Meyer Base Salary to $349,766.00 for 2024, which is a $10,187.00 increas
- $10,187.00 — ary to $349,766.00 for 2024, which is a $10,187.00 increase from 2023. The foregoing desc
Filing Documents
- chct-20240103.htm (8-K) — 43KB
- exh101_dupuyamendx2024.htm (EX-10.1) — 16KB
- exh102_monroeamendx2024.htm (EX-10.2) — 16KB
- exh103_stachamendx2024.htm (EX-10.3) — 16KB
- exh104_meyeramendx2024.htm (EX-10.4) — 16KB
- 0001631569-24-000004.txt ( ) — 247KB
- chct-20240103.xsd (EX-101.SCH) — 2KB
- chct-20240103_lab.xml (EX-101.LAB) — 25KB
- chct-20240103_pre.xml (EX-101.PRE) — 13KB
- chct-20240103_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibits 10.1 First Amendment to the Dupuy Employment Agreement 10.2 First Amendment to the Monroe Employment Agreement 10.3 Fifth Amendment to the Stach Employment Agreement 10.4 Third Amendment to the Meyer Employment Agreement 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) 3 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. COMMUNITY HEALTHCARE TRUST INCORPORATED By: /s/ David H. Dupuy President and Chief Executive Officer Date: January 3, 2024 4