Four Corners Property Trust Appoints New CFO
Ticker: FCPT · Form: 8-K · Filed: May 6, 2024 · CIK: 1650132
| Field | Detail |
|---|---|
| Company | Four Corners Property Trust, Inc. (FCPT) |
| Form Type | 8-K |
| Filed Date | May 6, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $420,000, $520,000, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
New CFO in town at Four Corners Property Trust, salary $350k.
AI Summary
Four Corners Property Trust, Inc. announced on May 3, 2024, the appointment of William L. McKeever as Chief Financial Officer, effective May 6, 2024. McKeever will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. The company also reported the departure of its previous CFO, Patrick J. Callan.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $350,000 — Annual Base Salary (New CFO's compensation)
Key Players & Entities
- Four Corners Property Trust, Inc. (company) — Registrant
- William L. McKeever (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- May 3, 2024 (date) — Date of report
- May 6, 2024 (date) — Effective date of new CFO appointment
- Patrick J. Callan (person) — Departing Chief Financial Officer
FAQ
What is the effective date of William L. McKeever's appointment as CFO?
William L. McKeever's appointment as Chief Financial Officer is effective May 6, 2024.
What is the annual base salary for the new CFO?
The annual base salary for William L. McKeever is $350,000.
Who is the departing CFO?
Patrick J. Callan is the departing Chief Financial Officer.
What is the name of the company filing this report?
The company filing this report is Four Corners Property Trust, Inc.
What is the date of this filing?
The date of this report is May 3, 2024.
Filing Stats: 881 words · 4 min read · ~3 pages · Grade level 10.2 · Accepted 2024-05-06 16:23:09
Key Financial Figures
- $0.0001 — ange on Which Registered Common Stock, $0.0001 par value per share FCPT New York Stock
- $420,000 — pursuant to which he will receive (i) a $420,000 annual base salary, (ii) a target annua
- $520,000 — equity-based award opportunity equal to $520,000. The other terms and conditions of the
- $300,000 — cted stock units with the fair value of $300,000 and a three-year vesting cliff. Any fut
Filing Documents
- fcpt-20240503.htm (8-K) — 31KB
- fcpt-employmentagreementwe.htm (EX-10.1) — 145KB
- 0001650132-24-000080.txt ( ) — 334KB
- fcpt-20240503.xsd (EX-101.SCH) — 2KB
- fcpt-20240503_lab.xml (EX-101.LAB) — 22KB
- fcpt-20240503_pre.xml (EX-101.PRE) — 13KB
- fcpt-20240503_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 10.1 Employment Agreement, effective as of April 24, 2024, between Four Corners Property Trust, Inc. and Patrick L. Wernig 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. FOUR CORNERS PROPERTY TRUST, INC. By: /s/ J AMES L. B RAT James L. Brat Chief Operations Officer, General Counsel, and Secretary Date: May 6, 2024