Global Medical REIT Inc. (NYSE:GMRE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On June 14, 2018, the Board of Directors (the “Board”) of Global Medical REIT Inc. (the “Company”) appointed Paula Crowley as a director of the Company.
Upon her appointment, Ms. Crowley became eligible to receive the annual compensation granted to the Company’s independent directors for the year beginning with the 2018 annual meeting of the Company’s stockholders. See the Company’s Definitive Proxy Statement on Schedule 14A filed with the United States Securities and Exchange Commission on April19, 2018 for a detailed description of the 2018 compensation arrangements for the Company’s independent directors. Ms. Crowley will serve as a member of the Board’s Audit Committee and Investment Committee.
There is no arrangement or understanding between Ms. Crowley and any other persons to which Ms. Crowley was appointed as a director of the Company. Ms. Crowley is not related to any other officer or any director of the Company. Since the beginning of the Company’s last fiscal year to the effective date of Ms. Crowley’s appointment, Ms. Crowley has not been a participant, nor has she had any direct or indirect material interest in any transaction in which the Company was or is to be a participant and the amount involved exceeded or exceeds $120,000.
| Item 7.01 | Regulation FD Disclosure. |
The Company issued a press release on June 15, 2018 regarding, among other things, Ms. Crowley’s appointment to the Company’s Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.
Such press release shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, as well as Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
On June 15, 2018, the Company announced the declaration of:
| · | a cash dividend for the second quarter of 2018 of $0.20 per share of common stock to stockholders of record as of June 26, 2018, to be paid on July 11, 2018; and |
| · | a cash dividend of $0.46875 per share to holders of its Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share (the “Series A Preferred Stock”), of record as of July 15, 2018, to be paid on July 31, 2018. This dividend represents the Company’s quarterly dividend on its Series A Preferred Stock for the period from April 30, 2018 through July 30, 2018. |
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press Release dated June 15, 2018. |
Global Medical REIT Inc. ExhibitEX-99.1 2 tv496489_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE GLOBAL MEDICAL REIT INC. ANNOUNCES APPOINTMENT OF PAULA CROWLEY TO ITS BOARD OF DIRECTORS AND THE DECLARATION OF ITS SECOND QUARTER 2018 COMMON AND PREFERRED DIVIDENDS Bethesda,…To view the full exhibit click here
About Global Medical REIT Inc. (NYSE:GMRE)
Global Medical REIT Inc. focuses on operating as a real estate investment trust. The Company is engaged primarily in the acquisition and leasing of licensed purpose-built healthcare facilities in certain markets with various clinical operators. The Company seeks to invest in these purpose-built, specialized facilities, such as surgery centers, specialty hospitals and outpatient treatment centers. Its tenant-operators are physician group tenant-operators, community hospital tenant-operators and corporate medical treatment chain operators. Its properties include a six building, 52,266 square foot medical clinic portfolio in Tennessee; a combined approximately 27,190 square foot surgery center and medical office building located in West Mifflin, Pennsylvania; an approximately 8,840 square foot medical office building known as the Orthopedic Surgery Center, located in Asheville, North Carolina, and a 56-bed long term acute care hospital located at 1870 South 75th Street, Omaha, Nebraska.
