STORE Capital Corporation (NYSE:STOR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)On January 7, 2019, Mr. Christopher K. Burbach, a member of the senior leadership team of STORE Capital Corporation, a Maryland corporation (the “Company”), informed the Company of his decision to resign from his position as Executive Vice President – Underwriting of the Company, effective February 28, 2019.
The Company issued a press release, dated January 9, 2019, regarding Mr. Burbach’s resignation, a copy of which is attached hereto as Exhibit 99.1.
(e)Effective upon his resignation, Mr. Burbach will be engaged by the Company to perform certain transition and support services on a consulting basis. In connection with the performance of his consulting services, Mr. Burbach will receive a consulting fee of $12,500 per month for the period of March 1, 2019 through the earlier of (a) December 31, 2019 or (b) such date as the Company determines, by written notice to Mr. Burbach, that his services are no longer necessary.
In connection with the foregoing, Mr. Burbach and the Company entered into a Resignation and Consulting Agreement, a copy of which is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit |
Description |
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Resignation and Consulting Agreement, dated January 9, 2019, among STORE Capital Corporation, STORE Capital Advisors, LLC, and Christopher K. Burbach. |
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Press Release dated January 9, 2019. |
STORE CAPITAL Corp Exhibit
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 Exhibit 10.1 RESIGNATION AND CONSULTING AGREEMENT This Transition and Resignation Agreement (the “Agreement”) is entered into as of January 9,…
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About STORE Capital Corporation (NYSE:STOR)
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) Properties. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy. Its customers service various industries, such as automotive parts stores, movie theaters, cold storage facilities, office supplies retailers, discount stores, rental centers, early childhood education, secondary education, furniture stores, supermarkets and entertainment facilities. Its properties’ locations include Texas, Illinois, Georgia, Ohio, Florida, California, Colorado, Arizona and North Carolina.
