GLPI Announces Executive Changes and New Directors

Ticker: GLPI · Form: 8-K · Filed: 2024-09-30T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, cfo-appointment, board-changes

Related Tickers: GLPI

TL;DR

GLPI CFO Matthew Demchyk out, Peter Clifford in Oct 1. New directors elected.

AI Summary

Gaming & Leisure Properties, Inc. (GLPI) announced on September 27, 2024, a series of executive changes. These include the appointment of Peter L. Clifford as Chief Financial Officer, effective October 1, 2024, and the departure of current CFO, Matthew J. Demchyk. Additionally, the company announced the election of new directors and changes in officer roles.

Why It Matters

This filing signals a shift in the financial leadership of Gaming & Leisure Properties, Inc., which could impact investor confidence and the company's strategic financial direction.

Risk Assessment

Risk Level: medium — Changes in key executive positions, particularly the CFO, can introduce uncertainty regarding future financial strategy and performance.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Gaming & Leisure Properties, Inc.?

Peter L. Clifford has been appointed as the new Chief Financial Officer, effective October 1, 2024.

Who is departing from the Chief Financial Officer role?

Matthew J. Demchyk is departing from the Chief Financial Officer role.

What is the effective date for the new CFO appointment?

The appointment of Peter L. Clifford as CFO is effective October 1, 2024.

What other significant changes were announced in the filing?

The filing also announced the election of new directors and changes in officer roles.

What is the date of this Form 8-K filing?

The Form 8-K filing is dated September 30, 2024, reporting events as of September 27, 2024.

From the Filing

0001575965-24-000031.txt : 20240930 0001575965-24-000031.hdr.sgml : 20240930 20240930090824 ACCESSION NUMBER: 0001575965-24-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240927 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240930 DATE AS OF CHANGE: 20240930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Gaming & Leisure Properties, Inc. CENTRAL INDEX KEY: 0001575965 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 462116489 STATE OF INCORPORATION: PA FISCAL YEAR END: 1207 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36124 FILM NUMBER: 241336926 BUSINESS ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 610-401-2900 MAIL ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 8-K 1 glpi-20240927.htm 8-K glpi-20240927 0001575965 FALSE 0001575965 2022-02-25 2022-02-25 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): 9/27/2024 Gaming and Leisure Properties, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 001-36124 46-2116489 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (IRS Employer Identification No.) 845 Berkshire Blvd., Suite 200 Wyomissing , PA 19610 (Address of principal executive offices) 610 - 401-2900 (Registrant’s telephone number, including area code) 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 (see General Instruction A.2 below):        ☐    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, par value $.01 per share GLPI Nasdaq 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 September 27, 2024, the Board of Directors (the “Board”) of Gaming and Leisure Properties, Inc. (the “Company”) promoted Brandon Moore, the Company’s Chief Operating Officer, Chief Legal Counsel and Secretary, to serve in the additional role of President of the Company, effective immediately. Mr. Moore, age 50, joined the Company in January 2014 as Senior Vice President and General Counsel and was appointed to the role of Chief Operating Officer in October 2022. Mr

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