MEDEQUITIES REALTY TRUST, INC. (NYSE:MRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 27, 2018, Governor-Elect of Tennessee, Bill Lee, announced that he was appointing Mr. Stuart C. McWhorter, a member of the Board of Directors (the “Board”) of MedEquities Realty Trust, Inc. (the “Company”), to Governor-Elect Lee’s cabinet as Commissioner of the Department of Finance and Administration, such position to be effective on January 19, 2019.As a result of such new position, on November 30, 2018, Mr. McWhorter informed the Board of his resignation as a member of the Board. Mr. McWhorter’s resignation was not the result of any disagreements with the Company. Mr. McWhorter was the chairperson of the Nominating and Corporate Governance Committee of the Board and a member of the Compensation Committee of the Board.
In connection with Mr. McWhorter’s resignation, the Board named Stephen L. Guillard as the new chairperson of the Nominating and Corporate Governance Committee of the Board.The Nominating and Corporate Governance Committee and the Compensation Committee continue to have three members each, all such members meeting the necessary independence requirements of such committee under applicable law and rules of the New York Stock Exchange.In addition, the Board reduced the size of the Board from nine directors to eight directors.
About MEDEQUITIES REALTY TRUST, INC. (NYSE:MRT)
MedEquities Realty Trust, Inc. is a real estate investment trust (REIT). The Company invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments. The Company invests primarily in real estate across the acute and post-acute spectrum of care. It focuses on investing in various types of healthcare properties, including acute care hospitals; skilled nursing facilities; short-stay surgical and specialty hospitals, which focus on orthopedic, heart and other dedicated surgeries and specialty procedures; dedicated specialty hospitals, such as inpatient rehabilitation facilities, long-term acute care hospitals and facilities providing psychiatric care; physician clinics; diagnostic facilities; outpatient surgery centers, and facilities that support these services, such as medical office buildings. As of September 30, 2016, the Company’s portfolio included 24 healthcare facilities and one healthcare-related debt investment.
