8-K
Brookdale Senior Living Inc. (BKD)
| 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) | April 8, 2021 | 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 April 8, 2021, Brookdale Senior Living Inc. (the "Company") issued a press release announcing its consolidated occupancy for March 2021 and certain other information regarding the quarter ended March 31, 2021. 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 datedAprilapril820218k-occupancy.htm8, 2021
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: | April 8, 2021 | By: | /s/ Chad C. White |
| Name: | Chad C. White | ||
| Title: | Executive Vice President, General Counsel and Secretary |
april820218k-occupancy
Exhibit 99.1 Brookdale Reports March 2021 Occupancy Nashville, Tenn., April 8, 2021 – Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for March 2021. 2020 2021 Occupancy Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Weighted avg. % 82.7% 80.4% 78.4% 77.4% 76.4% 75.2% 74.3% 73.8% 72.8% 71.5% 70.0% 69.4% 69.4% Month-end % 82.2% 80.0% 78.5% 77.8% 76.6% 75.5% 75.0% 74.1% 73.1% 71.5% 70.4% 70.1% 70.6% March 2021 Observations: • Sequentially, the occupancy percentage turned positive for month-end and slightly positive on a weighted-average basis. • Net move-ins and move-outs (MIMO) turned positive on a year-over-year basis, the first positive net MIMO since the beginning of the pandemic. • Move-ins have increased sequentially each month since November 2020. • We expect to continue to publish monthly occupancy until we return to providing financial guidance, at which point we would expect to return to our historical reporting practices. About Brookdale Senior Living Brookdale Senior Living Inc. is the leading operator of senior living communities throughout the United States. The Company is committed to providing senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Brookdale operates and manages independent living, assisted living, memory care and continuing care retirement communities, with 695 communities in 42 states and the ability to serve approximately 60,000 residents as of March 31, 2021. The Company also offers a range of home health, hospice and outpatient therapy services to approximately 16,000 patients as of that date. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD. Kathy MacDonald, SVP Investor Relations • 615-505-1968 • email: Kathy.macdonald@brookdale.com 65% 70% 75% 80% 85% Mar 2020 Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2021 Feb Mar Average for Month Month-end Weighted average 2Q 2020 78.7% 3Q 2020 75.3% 4Q 2020 72.7% 1Q 2021 69.6% Brookdale’s Consolidated Occupancy