Welltower Inc. (NYSE:HCN) 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 March20, 2018, Welltower Inc. (the “Company”) appointed Joshua Fieweger, age 37, as the Company’s Vice President – Controller, effective March20, 2018. Mr.Fieweger joined the Company in August of 2011. Since that time, he has held leadership positions in the Company’s Accounting Department and has developed a deep knowledge of the Company’s business and all aspects of Corporate Accounting. Previous to this appointment as Vice President – Controller, Mr.Fieweger served as the Company’s Vice President – Accounting since December of 2014, where he was responsible for supervising the accounting function for the Company’s Seniors Housing Triple-Net and Operating segments. Prior to joining the Company, Mr.Fieweger worked for Ernst& Young for nine years, where he last held the position of Audit Senior Manager and was responsible for supervising engagement teams and coordinating audit and internal control procedures for key clients.
In connection with Mr.Fieweger’s promotion to Vice President – Controller, the Company approved an increase in Mr.Fieweger’s base salary from $200,000 per year to $240,000 per year, effective March20, 2018. The Company also increased Mr.Fieweger’s annual cash bonus opportunity from 40% of base salary at target to 60% of base salary at target. Additionally, the Company will recommend to the Compensation Committee of the Board of Directors that it approve an increase in Mr.Fieweger’s incentive opportunity under the Company’s 2018-2020 long-term incentive program.
Mr. Fieweger will succeed Paul D. Nungester, with whom the Company entered into a Resignation Agreement (the “Resignation Agreement”) on March 20, 2018. Mr.Nungester served as the Company’s Senior Vice President – Controller until March20, 2018, when he entered into the Resignation Agreement. to the terms of the Resignation Agreement, Mr. Nungester will continue to provide services to the Company through May 15, 2018 in a non-executive capacity in order to ensure an orderly transition.
About Welltower Inc. (NYSE:HCN)
Welltower Inc., formerly Health Care REIT, Inc., is a provider of healthcare infrastructure. The Company operates through three segments: triple-net, which includes independent living facilities, independent supportive living facilities (Canada), continuing care retirement communities, assisted living facilities, care homes with and without nursing (United Kingdom), Alzheimer’s/dementia care facilities, long-term/post-acute care facilities and hospitals; seniors housing operating, which includes a range of facility types, including independent living facilities and independent supportive living facilities, assisted living facilities, care homes and Alzheimer’s/dementia care facilities, and outpatient medical, which includes outpatient medical buildings. It invests in seniors housing operators, post-acute providers and health systems to fund real estate and infrastructure. Welltower, a real estate investment trust, owns properties in the United States, Canada and the United Kingdom.