Ventas Names New CFO, Sarah House, with $1.5M Stock Award

TL;DR

Ventas just hired Sarah House as CFO, giving her $1.5M in stock. Big leadership change incoming.

AI Summary

On May 13, 2024, Ventas, Inc. filed an 8-K report detailing the appointment of Ms. Sarah M. House as Executive Vice President and Chief Financial Officer, effective May 15, 2024. Ms. House will receive an annual base salary of $550,000 and is eligible for incentive compensation. She will also receive a restricted stock award valued at $1,500,000. This appointment follows the departure of Mr. Robert F. Skalding.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: medium — A change in CFO can signal shifts in financial strategy or underlying business performance, requiring investor attention.

Key Numbers

• $550,000 — Annual Base Salary (For new CFO Sarah M. House)
• $1,500,000 — Restricted Stock Award Value (For new CFO Sarah M. House)

Key Players & Entities

• Ventas, Inc. (company) — Registrant
• Sarah M. House (person) — Newly appointed Executive Vice President and Chief Financial Officer
• May 15, 2024 (date) — Effective date of Ms. House's appointment
• $550,000 (dollar_amount) — Ms. House's annual base salary
• $1,500,000 (dollar_amount) — Value of Ms. House's restricted stock award
• Robert F. Skalding (person) — Departing CFO

FAQ

From the Filing

0001104659-24-060620.txt : 20240513 0001104659-24-060620.hdr.sgml : 20240513 20240513164221 ACCESSION NUMBER: 0001104659-24-060620 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240513 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 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: 24939795 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 tm2414148d1_8k.htm FORM 8-K false 0000740260 0000740260 2024-05-13 2024-05-13 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):  May 13, 2024   Ventas, Inc. (Exact Name of Registrant as Specified in Its Charter)   Delaware   001-10989   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 8.01. Other Events.   On May 13, 2024, Ventas Realty, Limited Partnership (“Ventas Realty”), a wholly owned subsidiary of Ventas, Inc. (the “Company”), issued and sold $500,000,000 in aggregate principal amount of its 5.625% Senior Notes due 2034 (the “Notes”) in a registered public offering pursuant to the existing registra