8-K
Brookdale Senior Living Inc. (BKD)
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| UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549 | |||||||||
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| FORM | 8-K | ||||||||
| CURRENT REPORT<br>Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 | |||||||||
| Date of Report (Date of earliest event reported) | October 10, 2022 | Brookdale Senior Living Inc. | |||||||
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| (Exact name of registrant as specified in its charter) | Delaware | 001-32641 | 20-3068069 | ||||||
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | 111 Westwood Place, | Suite 400, | Brentwood, | Tennessee | 37027 | ||
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| (Address of principal executive offices) | (Zip Code) | Registrant's telephone number, including area code | (615) | 221-2250 | |||||
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| (Former name or former address, if changed since last report.) | |||||||||
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): | |||||||||
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 Par Value Per Share | BKD | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition.
On October 10, 2022, Brookdale Senior Living Inc. (the "Company") issued a press release announcing its consolidated occupancy for September 2022 and certain other information regarding the quarter ended September 30, 2022. A copy of the press release is furnished herewith as Exhibit 99.1.
The information furnished pursuant to this Current Report on Form 8-K (including the exhibit hereto) shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth by specific reference in such filing that such information is to be considered "filed" or incorporated by reference therein.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure.
The information set forth in Item 2.02 of this report is incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated October 10, 2022
104 Cover Page interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BROOKDALE SENIOR LIVING INC. | |||
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| Date: | October 11, 2022 | By: | /s/ Steven E. Swain |
| Name: | Steven E. Swain | ||
| Title: | Executive Vice President and Chief Financial Officer |
septemberoccupancyreleas
Brookdale Reports September 2022 Occupancy Nashville, Tenn., October 10, 2022 – Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for September 2022. 2021 2022 Occupancy Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Wtd. avg. 73.0% 73.3% 73.5% 73.6% 73.4% 73.3% 73.6% 73.9% 74.6% 75.2% 75.9% 76.4% 76.9% Month end 74.2% 74.5% 74.3% 74.5% 74.2% 74.4% 75.0% 75.3% 76.2% 76.6% 77.1% 77.9% 78.4% September 2022 Observations: Sequential occupancy increased 50 basis points both on a weighted average and month-end basis. Third quarter move-ins increased 7% and weighted average occupancy increased 390 basis points compared to the prior year quarter. Weighted average occupancy grew 750 basis points since the start of the recovery in March 2021. Achieved eleven consecutive months of year over year weighted average occupancy growth. About Brookdale Senior Living Brookdale Senior Living Inc. is the nation’s premier operator of senior living communities. The Company is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence and integrity. The Company operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care and services in an environment that feels like home. The Company’s expertise in healthcare, hospitality and real estate provides residents with opportunities to improve wellness, pursue passions and stay connected with friends and loved ones. Brookdale operates and manages 672 communities in 41 states as of September 30, 2022, with the ability to serve more than 60,000 residents. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or Twitter. Kathy MacDonald, SVP Investor Relations • 615-505-1968 • email: Kathy.macdonald@brookdale.com 65% 70% 75% 80% Sep 2021 Oct Nov Dec Jan 2022 Feb Mar Apr May Jun Jul Aug Sep Average for Month Month end Weighted average 4Q 2021 73.5% 1Q 2021 73.4% 2Q 2022 74.6% 3Q 2022 76.4% Brookdale’s Consolidated Occupancy