Sun Communities Files 8-K on Officer/Director Changes

TL;DR

SUN filed an 8-K detailing leadership changes and compensation. Keep an eye on executive moves.

AI Summary

Sun Communities, Inc. filed an 8-K on December 16, 2025, reporting events as of December 11, 2025. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This filing provides crucial updates on the company's leadership and compensation structures, which can impact investor confidence and strategic direction.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance and executive changes, which are standard for public companies and do not indicate immediate financial distress.

Key Numbers

• 1-12616 — Commission file number (Identifies the SEC filing number for Sun Communities Inc.)
• 38-2730780 — I.R.S. Employer Identification No. (Provides the company's tax identification number.)

Key Players & Entities

• SUN COMMUNITIES INC (company) — Registrant
• Maryland (jurisdiction) — State of Incorporation
• 27777 Franklin Road (address) — Principal Executive Offices
• Southfield, Michigan (location) — Principal Executive Offices City/State
• 48034 (zip_code) — Principal Executive Offices Zip Code
• 248-208-2500 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value SUI New York Stock Exchange
• $600,000 — ent. Mr. Patten's annual base salary is $600,000. In addition to his base salary, Mr. Pa
• $3,500,000 — grant with a target grant date value of $3,500,000, which will vest ratably over a four-ye
• $2,300,000 — ) a retention-based cash bonus of up to $2,300,000, of which $1,100,000 is payable on the
• $1,100,000 — ash bonus of up to $2,300,000, of which $1,100,000 is payable on the Start Date, $600,000
• $100,000 — ) relocation benefits having a value of $100,000; and (iv) for 2026, a grant of restrict
• $2,000,000 — stock with a target grant date value of $2,000,000, with such terms as are determined by t
• $45,833 — ill pay Mr. Castro-Caratini a salary of $45,833 per month and continue to provide him w
• $75,000 — mpany will pay Mr. Shiffman a salary of $75,000 per month and, to the extent he is elig

Filing Documents

• sui-20251211.htm (8-K) — 48KB
• employmentagreement-cfomar.htm (EX-10.1) — 168KB
• transitionservicesagreemen.htm (EX-10.2) — 89KB
• transitionservicesagreemena.htm (EX-10.3) — 91KB
• suncommunitiesannouncesc.htm (EX-99.1) — 7KB
• sui-20251211_g1.jpg (GRAPHIC) — 649KB
• suncommunitiesannouncesc001.jpg (GRAPHIC) — 231KB
• suncommunitiesannouncesc002.jpg (GRAPHIC) — 282KB
• 0000912593-25-000284.txt ( ) — 2821KB
• sui-20251211.xsd (EX-101.SCH) — 2KB
• sui-20251211_lab.xml (EX-101.LAB) — 23KB
• sui-20251211_pre.xml (EX-101.PRE) — 13KB
• sui-20251211_htm.xml (XML) — 3KB

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Appointment of Mark E. Patten as Chief Financial Officer On December 11, 2025, Sun Communities, Inc. (the "Company") appointed Mark E. Patten as the Company's new Chief Financial Officer, Executive Vice President, Secretary and Treasurer. Mr. Patten's appointment will be effective on January 5, 2026 ( the "Start Date"). The Company and Mr. Patten entered into an employment agreement dated December 11, 2025 (the "Employment Agreement") under which Mr. Patten will serve as the Company's Chief Financial Officer, Executive Vice President, Secretary and Treasurer beginning on the Start Date. Mr. Patten, age 61, has served as Executive Vice President, Chief Financial Officer and Treasurer of Essential Properties Realty Trust, Inc. (NYSE:EPRT) since August 2020. Prior to joining Essential Properties Realty Trust, Mr. Patten served as Senior Vice President and Chief Financial Officer of CTO Realty Growth (NYSE:CTO), previously Consolidated-Tomoka Land Co, and served in the same role with Alpine Income Property Trust, Inc. (NYSE:PINE). Prior to that, he served as Executive Vice President and Chief Financial Officer of Legacy Healthcare Properties Trust Inc. and Simply Self Storage and served as Senior Vice President and Chief Accounting Officer of CNL Hotels & Resorts, Inc. Mr. Patten began his career at KPMG where he was named a partner. Mr. Patten graduated from the University of Florida with a B.S. degree in accounting. The term of the Employment Agreement will be for five years beginning on the Start Date and is automatically renewable thereafter for successive one-year terms unless either party timely terminates the agreement. Mr. Patten's annual base salary is $600,000. In addition to his base salary, Mr. Patten is eligible to receive an annual cash bonus at a target amount of 100% of his base salary and the earned amount for each year will be deter

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On December 16, 2025, the Company issued a press release regarding Mr. Patten's appointment and succession of Mr. Castro-Caratini, a copy of which is attached hereto as Exhibit 99.1 to this Current Report and is incorporated herein by reference solely for purposes of this Item 7.01 disclosure. Cautionary Statement Regarding Forward-Looking Statements This Current Report, including Exhibit 99.1 attached hereto, contains various "forward-looking statements" within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. For this purpose, any statements contained in or incorporated by reference into this document that relate to expectations, beliefs, projections, future plans and strategies, trends or prospective events or developments and similar expressions concerning matters that are not historical facts are deemed to be forward-looking statements. Words such as "forecasts," "intend," "goal," "estimate," "expect," "project," "projections," "plans," "predicts," "potential," "seeks," "anticipates," "should," "could," "may," "will," "designed to," "foreseeable future," "believe," "scheduled," "guidance", "target" and similar expressions are intended to identify forward-looking statements, although not all forward looking statements contain these words. These forward-looking statements reflect the Company's current views with respect to future events and financial performance, but involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in or incorporated herein, some of which are beyond the Company's control. These risks, uncertainties and other factors may cause the Company's actual results to be materially different from any future results expressed or implied

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1* Employment Agreement dated December 11, 2025, among Sun Communities, Inc., Sun Communities Operating Limited Partnership and Mark E. Patten 10.2* Tr ansition Services Agreement dated December 11, 2025 among Sun Communities, Inc., Sun Communities Operating Limited Partnership and Fernando Castro-Caratini 10.3* Transition Services Agreement dated December 11, 2025 among Sun Communities, Inc., Sun Communities Operating Limited Partnership and Gary A. Shiffman 99.1 Press Release issued by Sun Communities, Inc., dated December 16, 202 5 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Management contract or compensatory plan or arrangement

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. SUN COMMUNITIES, INC. Da ted: December 16 , 2025 By: /s/ Fernando Castro-Caratini Fernando Castro-Caratini, Executive Vice President, Chief Financial Officer, Secretary and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR