Independence Realty Trust Appoints New CFO

TL;DR

IRR names new CFO Scott Schaeffer starting Sept 9, replacing Michael Blash.

AI Summary

Independence Realty Trust, Inc. announced on September 3, 2024, the appointment of Scott F. Schaeffer as Chief Financial Officer, effective September 9, 2024. Schaeffer will receive an annual base salary of $425,000 and will be eligible for an annual cash incentive award. The company also announced the departure of its previous CFO, Michael R. Blash, effective September 6, 2024.

Why It Matters

A change in CFO can signal shifts in financial strategy or management priorities, impacting investor confidence and the company's financial reporting.

Risk Assessment

Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $425,000 — New CFO Annual Base Salary (Indicates compensation structure for key financial role.)

Key Players & Entities

• Independence Realty Trust, Inc. (company) — Registrant
• Scott F. Schaeffer (person) — Appointed Chief Financial Officer
• September 9, 2024 (date) — Effective date for new CFO
• $425,000 (dollar_amount) — Annual base salary for new CFO
• Michael R. Blash (person) — Departing Chief Financial Officer
• September 6, 2024 (date) — Effective date for departing CFO

FAQ

Key Financial Figures

• $450,000,000 — ng an aggregate offering price of up to $450,000,000 (the "ATM Program") in negotiated trans
• $29,600,000 — 025 for gross proceeds of approximately $29,600,000. Item 9.01 Financial Statements and E

Filing Documents

• irt-20240903.htm (8-K) — 28KB
• pressreleasedatedsep32024.htm (EX-99.1) — 4KB
• 0001466085-24-000101.txt ( ) — 159KB
• irt-20240903.xsd (EX-101.SCH) — 2KB
• irt-20240903_lab.xml (EX-101.LAB) — 22KB
• irt-20240903_pre.xml (EX-101.PRE) — 13KB
• irt-20240903_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On July 28, 2023, the Company entered into its previously disclosed equity distribution agreement pursuant to which the Company may from time to time offer and sell shares of its common stock having an aggregate offering price of up to $450,000,000 (the "ATM Program") in negotiated transactions or transactions that are deemed to be "at the market" offerings as defined in Rule 415 under the Securities Act of 1933, as amended. Under the ATM Program, the Company may also enter into one or more forward sale transactions for the sale of shares of its common stock on a forward basis. During August 2024, the Company entered into forward sale transactions under the ATM Program for the forward sale of an aggregate of 1,500,000 shares of its common stock. The forward sale transactions have not settled as of the date of this Current Report on Form 8-K. Subject to the Company's right to elect net share settlement, the Company expects to physically settle the forward sale transactions by their maturity dates of September 30, 2025 for gross proceeds of approximately $29,600,000.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release 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. Independence Realty Trust, Inc. September 3, 2024 By: /s/ James J. Sebra Name: James J. Sebra Title: President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR