LTC Properties Inc. Files 8-K on Director and Officer Changes
Ticker: LTC · Form: 8-K · Filed: Dec 9, 2024 · CIK: 887905
| Field | Detail |
|---|---|
| Company | Ltc Properties INC (LTC) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
LTC Properties Inc. filed an 8-K on Dec 9, 2024, updating board members and exec pay.
AI Summary
On December 9, 2024, LTC Properties Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing includes information regarding the election of directors and the appointment of certain officers, along with details on their compensatory arrangements.
Why It Matters
This filing provides insight into the governance and executive compensation structure of LTC Properties Inc., which can influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure regarding board and executive changes, not indicating immediate financial distress or significant operational shifts.
Key Players & Entities
- LTC Properties Inc. (company) — Registrant
- December 9, 2024 (date) — Date of report
- Maryland (jurisdiction) — State of incorporation
- 3011 Townsgate Road, Suite 220, Westlake Village, CA 91361 (address) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and the departure of certain officers, but specific names and details of these changes are not provided in the excerpt.
What are the key details of the compensatory arrangements for the officers?
The filing mentions compensatory arrangements of certain officers, but the specific details of these arrangements are not included in the provided text.
What is the exact date of the earliest event reported?
The date of the earliest event reported is December 9, 2024.
What is LTC Properties Inc.'s state of incorporation?
LTC Properties Inc. is incorporated in Maryland.
What is the business address of LTC Properties Inc.?
The business address is 3011 Townsgate Road, Suite 220, Westlake Village, CA 91361.
Filing Stats: 849 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-12-09 09:15:13
Filing Documents
- tm2430397d1_8k.htm (8-K) — 28KB
- tm2430397d1_ex99-1.htm (EX-99.1) — 10KB
- tm2430397d1_ex99-1img001.jpg (GRAPHIC) — 16KB
- 0001104659-24-126573.txt ( ) — 234KB
- ltc-20241209.xsd (EX-101.SCH) — 3KB
- ltc-20241209_lab.xml (EX-101.LAB) — 33KB
- ltc-20241209_pre.xml (EX-101.PRE) — 22KB
- tm2430397d1_8k_htm.xml (XML) — 4KB
02. — Departure of Directors or
Item 5.02. — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 5, 2024, the Board of Directors of LTC Properties, Inc. (the "Company") elected Wendy L. Simpson, Pamela J. Shelley-Kessler, Clint B. Malin, and Caroline "Cece" Chikhale to new executive positions with the Company. Effective December 31, 2024, Ms. Simpson will become Executive Chairman of the Board of Directors of the Company. Ms. Simpson, age 75, previously has been the Company's Chief Executive Officer since 2007 and Chairman of the Board since 2013. Effective December 31, 2024, Ms. Shelley-Kessler and Mr. Malin each will become Co-Chief Executive Officer of the Company. Ms. Shelley-Kessler and Mr. Malin have been since May 2020 and will continue as Co-Presidents of the Company. Ms. Shelley-Kessler, age 58, previously has been the Company's Chief Financial Officer since 2007 as well as the Company's Corporate Secretary. Mr. Malin, age 52, previously has been the Company's Chief Investment Officer since 2004 and will continue to perform that function until a successor is named. Biographical information about each of Ms. Simpson, Ms. Shelley-Kessler, and Mr. Malin appears in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on April 16, 2024 and is incorporated herein by reference. There currently are no changes to the compensation arrangement of Ms. Simpson as a result of becoming Executive Chairman, or Ms. Shelley-Kessler and Mr. Malin as a result of becoming Co-Presidents and Co-Chief Executive Officers. Effective December 31, 2024, Ms. Chikhale will become Chief Financial Officer of the Company as well as the Company's Corporate Secretary. Ms. Chikhale, age 48, has been Executive Vice President and Chief Accounting Officer of the Company since 2020, and has been Controller and Treasurer of the Company since 2007. In addition to becoming
01. — Financial Statements and
Item 9.01. — Financial Statements and Exhibits 99.1 Press Release issued December 9, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of Section 13 or 15(d) 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. LTC PROPERTIES, INC. Dated: December 9, 2024 By: /s/ WENDY L. SIMPSON Wendy L. Simpson Chairman & CEO