STAG Industrial Appoints New Directors, One Departs
Ticker: STAG · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1479094
| Field | Detail |
|---|---|
| Company | Stag Industrial, Inc. (STAG) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance, director-election
Related Tickers: STAG
TL;DR
STAG board shakeup: David Sweeney out, Michael Bartolotta & Jeffrey Blackard in. New blood for the REIT.
AI Summary
STAG Industrial, Inc. announced on June 28, 2024, the departure of director David F. Sweeney. Concurrently, the company elected two new directors, Michael T. Bartolotta and Jeffrey L. Blackard, to its Board of Directors, effective immediately. These changes are part of the company's ongoing governance and strategic direction.
Why It Matters
Changes in board composition can signal shifts in company strategy, governance, or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing concerns routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- STAG Industrial, Inc. (company) — Registrant
- David F. Sweeney (person) — Departing Director
- Michael T. Bartolotta (person) — Newly Elected Director
- Jeffrey L. Blackard (person) — Newly Elected Director
- June 28, 2024 (date) — Effective date of board changes
FAQ
Who has departed from STAG Industrial's Board of Directors?
David F. Sweeney has departed from STAG Industrial's Board of Directors as of June 28, 2024.
Who are the new directors elected to STAG Industrial's Board?
Michael T. Bartolotta and Jeffrey L. Blackard were elected as new directors to STAG Industrial's Board.
When were the new directors elected?
The new directors, Michael T. Bartolotta and Jeffrey L. Blackard, were elected effective June 28, 2024.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of a director and the election of new directors to the Board of Directors of STAG Industrial, Inc.
Does the filing mention any changes to executive officers?
The filing specifically mentions the departure of a director and the election of new directors, but does not detail changes to executive officers.
Filing Stats: 689 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2024-07-03 16:14:15
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share STAG New York Stock
Filing Documents
- stag-20240628.htm (8-K) — 25KB
- 0001479094-24-000019.txt ( ) — 174KB
- stag-20240628.xsd (EX-101.SCH) — 2KB
- stag-20240628_def.xml (EX-101.DEF) — 14KB
- stag-20240628_lab.xml (EX-101.LAB) — 25KB
- stag-20240628_pre.xml (EX-101.PRE) — 15KB
- stag-20240628_htm.xml (XML) — 3KB
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. STAG INDUSTRIAL, INC. By: /s/ Jeffrey M. Sullivan Jeffrey M. Sullivan Executive Vice President, General Counsel and Secretary Dated: July 3, 2024