Americold Realty Trust Reports Executive Changes on Jan 3, 2024
Ticker: COLD · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1455863
| Field | Detail |
|---|---|
| Company | Americold Realty Trust (COLD) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.01, $575,000, $1,100,000, $550,000, $500,000 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: executive-changes, corporate-governance, leadership
TL;DR
**Americold Realty Trust just announced executive changes; watch for new leadership's impact.**
AI Summary
Americold Realty Trust, Inc. filed an 8-K on January 3, 2024, to report changes in its executive leadership and related compensation arrangements. This filing indicates potential shifts in the company's strategic direction or operational focus, which could impact its future performance. Investors should monitor subsequent announcements for details on new leadership and their plans, as these changes could influence the stock's stability and growth prospects.
Why It Matters
Changes in executive leadership can signal new strategies or a response to performance issues, directly affecting a company's future profitability and stock valuation.
Risk Assessment
Risk Level: medium — Executive changes introduce uncertainty regarding future company direction and performance, which can lead to stock volatility.
Analyst Insight
A smart investor would monitor subsequent filings for details on the new leadership and their strategic plans, as these will dictate the company's future direction and potential stock performance.
Key Players & Entities
- Americold Realty Trust, Inc. (company) — the registrant filing the 8-K
- January 3, 2024 (date) — date of the earliest event reported and filing date
- 001-34723 (other) — Commission File Number for Americold Realty Trust
Forward-Looking Statements
- Americold Realty Trust will announce specific names of new officers or directors within the next quarter. (Americold Realty Trust, Inc.) — medium confidence, target: 2024-04-03
- The company's stock price may experience short-term volatility as investors react to the leadership changes. (Americold Realty Trust, Inc.) — high confidence, target: 2024-03-03
FAQ
What was the primary event reported by Americold Realty Trust in this 8-K filing?
The primary event reported was the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per Item 5.02 of Form 8-K, occurring on January 3, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 3, 2024, which is also the date of the earliest event reported.
What is the Commission File Number for Americold Realty Trust, Inc.?
The Commission File Number for Americold Realty Trust, Inc. is 001-34723.
Where is Americold Realty Trust, Inc.'s principal executive office located?
Americold Realty Trust, Inc.'s principal executive office is located at 10 Glenlake Parkway, South Tower, Suite 600, Atlanta, Georgia 30328.
Does this filing indicate Americold Realty Trust, Inc. is an emerging growth company?
No, the filing indicates with an unchecked box that Americold Realty Trust, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 2,028 words · 8 min read · ~7 pages · Grade level 11.5 · Accepted 2024-01-03 16:15:41
Key Financial Figures
- $0.01 — ge on which registered Common Stock, $0.01 par value per share COLD New York Stock
- $575,000 — eceive an initial annual base salary of $575,000. Mr. Wells' 2024 target bonus opportuni
- $1,100,000 — ceive an award with a targeted value of $1,100,000 in the form of a combination of time-ba
- $550,000 — n increase in his annual base salary to $550,000 from $500,000. Mr. Chambers' 2024 targe
- $500,000 — his annual base salary to $550,000 from $500,000. Mr. Chambers' 2024 target bonus opport
- $610,000 — ncrease in his annual base salary to AUD$610,000 from AUD$535,000. Mr. Winnall's 2024 ta
- $535,000 — nual base salary to AUD$610,000 from AUD$535,000. Mr. Winnall's 2024 target bonus opport
- $750,000 — ermine, with a target award of up to USD$750,000 for 2024. Mr. Winnall's terms of his ex
Filing Documents
- art-20240103.htm (8-K) — 44KB
- exhibit101jaywells_evpchie.htm (EX-10.1) — 15KB
- exhibit991coldleadershipch.htm (EX-99.1) — 13KB
- image_0a.jpg (GRAPHIC) — 15KB
- image_0b.jpg (GRAPHIC) — 2KB
- image_1a.jpg (GRAPHIC) — 2KB
- image_2a.jpg (GRAPHIC) — 2KB
- 0001628280-24-000198.txt ( ) — 241KB
- art-20240103.xsd (EX-101.SCH) — 2KB
- art-20240103_lab.xml (EX-101.LAB) — 25KB
- art-20240103_pre.xml (EX-101.PRE) — 13KB
- art-20240103_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated January 3, 2024 10.1 Offer Letter by and between Americold Logistics, LLC and Jay Wells dated December 27, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. Date: January 3, 2024 Americold Realty Trust, Inc. By: /s/ Nathan H. Harwell Name: Nathan H. Harwell Title: Chief Legal Officer and Executive Vice President