EPRT 8-K
Essential Properties Realty Trust, Inc. (EPRT)
8-K
2025-12-17
For: 2025-12-16
View Original
Added on
April 06, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
| Registrant’s telephone number, including area code: | ( | |||||||||||||
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: | |||||
| 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 | ||||||||||||
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 ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 16, 2025, Essential Properties Realty Trust, Inc. (the “Company”) announced the appointment of Robert W. Salisbury, CFA as the Executive Vice President and Chief Financial Officer of the Company, effective as of January 1, 2026.
Mr. Salisbury, 43 years old, joined the Company in 2023 and has been a Senior Vice President within the Company’s finance department, leading the company’s capital markets and investor relations functions.
From 2018 to 2023, Mr. Salisbury was a Senior Vice President and Director of Research at Almanac Realty Investors, the real estate private equity arm of Neuberger Berman, where he was a senior member of the investment team focused on public and private equity and credit investments. From 2014 to 2018, Mr. Salisbury co-managed a real estate securities portfolio at Citadel Investment Group that spanned all property types in US, Europe and Asia. From 2011 to 2014 he also served as an investment analyst at V3 Capital Management and from 2005 to 2011 as an equity research analyst at UBS, Bank of America and Citigroup. Mr. Salisbury graduated from Duke University with a B.A. in Philosophy.
There are no arrangements or understandings between Mr. Salisbury and any other persons regarding his appointment as the Company’s Chief Financial Officer, nor are there any family relationships between Mr. Salisbury and any director or executive officer of the Company. Mr. Salisbury is not party to any related party transactions required to be reported pursuant to Item 404(a) of Regulation S-K. Mr. Salisbury’s compensation as Chief Financial Officer will be determined at a later time.
In connection with Mr. Salisbury’s appointment, Mark E. Patten will resign as the Company’s Chief Financial Officer, effective as of December 31, 2025. Mr. Patten’s departure is not the result of any disagreement with any member of management or the Company’s independent auditors on any matter of accounting principles or practices, financial statement disclosure, or internal controls.
Indemnification Agreement
The Company will also enter into an Indemnification Agreement with Mr. Salisbury that is substantially consistent with the indemnification agreements that it has entered into with certain of its other executive officers. In general, the Indemnification Agreement provides that, subject to certain limitations, if, by reason of Mr. Salisbury’s position with the Company, he is, or is threatened to be, made a party to any proceeding, the Company will indemnify him against all judgments, penalties, fines and amounts paid in settlement and all expenses actually and reasonably incurred by him or on his behalf in connection with any such proceeding.
The foregoing description of the terms of the Indemnification Agreement is a summary which does not purport to be complete and is subject to and qualified in its entirety by reference to the form of Indemnification Agreement, a copy of which is filed herewith as an exhibit to this Current Report on Form 8-K.
Item 7.01. Regulation FD Disclosure.
On December 16, 2025, the Company issued a press release announcing the appointment of Robert W. Salisbury, CFA as the Executive Vice President and Chief Financial Officer of the Company, effective as of January 1, 2026, as described in Item 5.02 of this Current Report. A copy of the press release is furnished herewith as Exhibit 99.1. The information contained in the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 — Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| Form of Indemnification Agreement (Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on July 7, 2020) | ||||||||
| Press Release dated December 16, 2025 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
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.
Date: December 17, 2025 | ESSENTIAL PROPERTIES REALTY TRUST, INC. | |||||||
| By: | /s/ Peter M. Mavoides | |||||||
| Peter M. Mavoides | ||||||||
| Chief Executive Officer | ||||||||
Exhibit 99.1
Essential Properties Realty Trust, Inc. Announces New Chief Financial Officer
December 16, 2025
PRINCETON, N.J.--(BUSINESS WIRE)-- Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”), today announced the appointment of Robert W. Salisbury, CFA as the Executive Vice President and Chief Financial Officer of the Company, effective January 1, 2026.
“I am pleased to announce Rob’s promotion to serve as Executive Vice President and Chief Financial Officer of the Company,” said Peter M. Mavoides, President and Chief Executive Officer of the Company. “Since joining the Company in 2023, Rob has helped lead our capital markets and investor relations functions, and he has been intimately involved in our strategy, finances and financial reporting. Rob’s familiarity with our Company and his demonstrated leadership skills make him the right choice to serve as the Company’s next Chief Financial Officer. I’d also like to take this opportunity to thank Mark Patten for the many contributions he has made to the Company as our Chief Financial Officer and to wish him well as he pursues a new professional opportunity.”
Mr. Salisbury has been a Senior Vice President within the Company’s finance department since 2023, helping lead the company’s capital markets and investor relations functions. Previously, Mr. Salisbury was a Senior Vice President and Director of Research at Almanac Realty Investors, the real estate private equity arm of Neuberger Berman, where he was a senior member of the investment team focused on public and private equity and credit investments. Prior to his time at Almanac, Mr. Salisbury co-managed a real estate securities portfolio at Citadel Investment Group that spanned all property types in US, Europe and Asia. He also served as an investment analyst at V3 Capital Management and as an equity research analyst at UBS, Bank of America and Citigroup.
In connection with Mr. Salisbury’s appointment, Mark E. Patten will resign from all his roles at the Company, effective as of December 31, 2025, to pursue a new professional opportunity.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of September 30, 2025, the Company’s portfolio consisted of 2,266 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x. In addition, as of September 30, 2025, the Company’s portfolio was 99.8% leased to tenants operating 645 different concepts across 48 states.
Forward-Looking Statements
Statements in this press release that are not strictly historical are “forward-looking” statements. Forward-looking statements involve numerous known and unknown risks and uncertainties, and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions that may be incorrect and the Company may not be able to realize them. The Company does not guarantee that the events described will happen as described (or that they will happen at all). You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future events. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur as described, or at all.
Investor/Media:
Essential Properties Realty Trust, Inc.
Robert W. Salisbury, CFA
Senior Vice President, Head of Corporate Finance & Strategy
609-436-0619
Source: Essential Properties Realty Trust, Inc.