Four Corners Property Trust Announces Board and Officer Changes
Ticker: FCPT · Form: 8-K · Filed: Sep 19, 2024 · CIK: 1650132
| Field | Detail |
|---|---|
| Company | Four Corners Property Trust, Inc. (FCPT) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, management-change
Related Tickers: FCPT
TL;DR
FCPT just shuffled its board and exec team, new directors and officers appointed.
AI Summary
Four Corners Property Trust, Inc. announced on September 17, 2024, changes in its board and officer appointments. Specifically, the company elected new directors and appointed new officers, alongside updates to compensatory arrangements for certain executives. The filing details these corporate governance adjustments.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, risk oversight, and future direction.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and does not involve significant financial transactions or operational disruptions.
Key Players & Entities
- Four Corners Property Trust, Inc. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- September 17, 2024 (date) — Date of earliest event reported
FAQ
What specific items are being reported under the 8-K filing?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers, as well as Financial Statements and Exhibits.
Who is the filer of this 8-K report?
The filer is Four Corners Property Trust, Inc.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is September 17, 2024.
What is the principal executive office address for Four Corners Property Trust, Inc.?
The principal executive office address is 591 Redwood Highway, Suite 3215, Mill Valley, California, 94941.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 47-4456296.
Filing Stats: 554 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-19 16:30:06
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share FCPT New York S
Filing Documents
- fcpt-20240917.htm (8-K) — 44KB
- fcpt-ex10_1.htm (EX-10.1) — 39KB
- 0000950170-24-108124.txt ( ) — 199KB
- fcpt-20240917.xsd (EX-101.SCH) — 24KB
- fcpt-20240917_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 17, 2024, Four Corners Property Trust, Inc. (the "Company") entered into an amendment (the "Amendment") to the Transition Agreement with Gerald R. Morgan, the Company's former Chief Financial Officer. Under the Amendment, Mr. Morgan's employment will terminate on September 30, 2024 (rather than on October 31, 2024) and, accordingly, Mr. Morgan's consulting start date will begin on October 1, 2024 (rather than November 1, 2024). In addition, the Amendment includes a standard customer non-solicitation restriction, effective during Mr. Morgan's employment and consultancy with the Company and thereafter. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 10.1 First Amendment to Transition Agreement, dated September 17, 2024, by and between Four Corners Property Trust, Inc. and Gerald R. Morgan 104 Cover Page Interactive Data File (embedded within 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. Date: September 19, 2024 By: /s/ James L. Brat James L. Brat Chief Transaction Officer, General Counsel and Secretary