New Senior Investment Group Inc. (NYSE:SNR) 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 March9, 2018, New Senior Investment Group Inc. announced that its Board of Directors (the “Board”) increased the size of the Board to eight (8)members and appointed David Milner as an independent director, effective immediately. Mr.Milner will serve as a ClassII Director with a term expiring at the 2019 annual meeting of stockholders. As of the date of the appointment, Mr.Milner has not entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K. Mr.Milner will receive the standard annual Board compensation for non-employee directors for 2018 (prorated based on the date of his appointment).
About New Senior Investment Group Inc. (NYSE:SNR)
New Senior Investment Group Inc. is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers. Under its Triple Net Lease Properties segment, the Company leases over 60 of its properties under approximately four triple net master leases. The Managed Properties consist of over 50 independent living facilities (IL-only) and approximately 40 properties with a combination of assisted living/memory care (AL/MC) facilities. The Triple Net Lease Properties consist of over 50 IL-only properties, approximately five rental continuing care retirement communities (CCRC) properties and over one AL/MC property.