Ventas Appoints New Chief Investment Officer

TL;DR

Ventas names new CIO, Robert Belardi, with a $500K salary + bonus + $1M LTIP + $500K sign-on.

AI Summary

Ventas, Inc. announced on March 4, 2020, the appointment of Robert A. Belardi as Chief Investment Officer. Belardi will receive an annual base salary of $500,000, a target annual bonus of 100% of his base salary, and long-term incentive awards with a target value of $1,000,000. He will also receive a sign-on bonus of $500,000, payable in two installments.

Why It Matters

The appointment of a new Chief Investment Officer is a significant leadership change that could impact the company's investment strategy and future growth.

Risk Assessment

Risk Level: medium — Changes in key executive positions, especially in finance and investment roles, can introduce uncertainty regarding future strategy and performance.

Key Numbers

• $500,000 — Annual Base Salary (For new Chief Investment Officer Robert A. Belardi.)
• $1,000,000 — Target Long-Term Incentive Awards (For new Chief Investment Officer Robert A. Belardi.)
• $500,000 — Sign-on Bonus (Awarded to new Chief Investment Officer Robert A. Belardi.)

Key Players & Entities

• Ventas, Inc. (company) — Registrant
• Robert A. Belardi (person) — Appointed Chief Investment Officer
• $500,000 (dollar_amount) — Annual Base Salary for Robert A. Belardi
• 100% (dollar_amount) — Target Annual Bonus for Robert A. Belardi
• $1,000,000 (dollar_amount) — Target Long-Term Incentive Awards for Robert A. Belardi
• $500,000 (dollar_amount) — Sign-on Bonus for Robert A. Belardi
• March 4, 2024 (date) — Date of Report

FAQ

From the Filing

0001104659-24-030252.txt : 20240304 0001104659-24-030252.hdr.sgml : 20240304 20240304081349 ACCESSION NUMBER: 0001104659-24-030252 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240304 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ventas, Inc. CENTRAL INDEX KEY: 0000740260 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 611055020 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10989 FILM NUMBER: 24712909 BUSINESS ADDRESS: STREET 1: 353 N. CLARK STREET STREET 2: SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60654 BUSINESS PHONE: 3126603800 MAIL ADDRESS: STREET 1: 353 N. CLARK STREET STREET 2: SUITE 3300 CITY: CHICAGO STATE: IL ZIP: 60654 FORMER COMPANY: FORMER CONFORMED NAME: VENTAS INC DATE OF NAME CHANGE: 19980507 8-K 1 tm247849d2_8k.htm FORM 8-K false 0000740260 0000740260 2024-03-04 2024-03-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549       FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of Earliest Event Reported):  March 4, 2024   Ventas, Inc. (Exact Name of Registrant as Specified in Its Charter)     Delaware   1-10989   61-1055020 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)     353 N. Clark Street , Suite 3300 , Chicago , Illinois   60654 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: ( 877 ) 483-6827   Not applicable Former Name or Former Address, if Changed Since Last Report   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $0.25 par value   VTR   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   On March 4, 2024, James D. (“Denny”) Shelton advised the B