Sonida Senior Living, Inc 8-K, filed Sep 21, 2020
Sonida Senior Living, Inc. (SNDA)
About this 8-K
Sonida Senior Living, Inc filed this 8-K on September 21, 2020, reporting on events of September 15, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 15, 2020, Carey P. Hendrickson, Executive Vice President and Chief Financial Officer of Capital Senior Living Corporation (the “Company”), informed the Company that he is resigning to pursue other career opportunities, effective as of November 6, 2020. Mr. Hendrickson’s departure is not based on any disagreement with the Company on any matter.
| Item 7.01 | Regulation FD Disclosure. |
On September 21, 2020, the Company issued a press release regarding the resignation of Mr. Hendrickson as the Company’s Executive Vice President and Chief Financial Officer. A copy of the press release is furnished as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| *99.1 | Press Release, dated September 21, 2020. | |
| 104 | Cover Page Interactive Data File-formatted as Inline XBRL. | |
*The exhibit to this Current Report on Form 8-K is not being filed but is being furnished pursuant to Item 9.01.
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: September 21, 2020 | Capital Senior Living Corporation | |||||
| By: | /s/ David R. Brickman | |||||
| Name: | David R. Brickman | |||||
| Title: | Senior Vice President, Secretary and | |||||
| General Counsel | ||||||
Exhibit 99.1
| FOR IMMEDIATE RELEASE | For Further Information, Contact: | |
| SEPTEMBER 21, 2020 | Susan J. Turkell, 303-766-4343, sturkell@capitalsenior.com |
Capital Senior Living Announces CFO Transition
Carey Hendrickson to Step Down on November 6, 2020
Company Initiates Search for a Successor
DALLAS – September 21, 2020 — Capital Senior Living Corporation (the “Company”) (NYSE: CSU), one of the nation’s largest operators of senior living communities, today announced that Carey Hendrickson, Executive Vice President and Chief Financial Officer, will step down from his position to pursue another opportunity. To ensure a smooth transition, Mr. Hendrickson will remain in his current role through November 6, 2020. The Company has initiated a comprehensive search for a successor and has retained a leading executive search firm to assist with the process.
“We thank Carey for his numerous contributions to the company during his tenure as CFO,” said Kimberly S. Lody, President and Chief Executive Officer. “He has been a valued member of the team helping to lead Capital Senior Living through this dynamic time. We appreciate his support in ensuring a smooth transition, and wish him all the best going forward.”
Mr. Hendrickson said, “It has been an honor to be part of the Capital Senior Living family for the last six years. The Company has taken numerous actions to strengthen its operating performance and financial position, and I am confident that Capital Senior Living now has a stronger foundation in place upon which to build. I am committed to working closely with our strong team over the coming weeks to facilitate an efficient handoff of responsibility.”
The Company also announced today that Tiffany Dutton, Vice President, Accounting and Financial Reporting, will assume additional responsibility for treasury and FP&A functions and work closely with Mr. Hendrickson, Ms. Lody and the entire finance function during this transition period. Ms. Dutton joined the Company in January of 2020 and has been instrumental in the redesign of numerous accounting and financial reporting processes aimed at improving the efficiency of the Company’s financial operations.
“Tiffany has been a standout contributor since she joined us in early 2020, leading several improvements to our accounting processes and financial reporting, while also contributing to the strategic agenda of our entire organization,” said Kimberly Lody, CEO and President. “We are fortunate to have a proven leader who possesses the right business acumen and experience to support Carey and our finance function through this transition.”
About Capital Senior Living
Dallas-based Capital Senior Living Corporation is one of the nation’s largest operators of independent living, assisted living and memory care communities for senior adults. The Company operates 119 communities that are home to more than 10,000 residents across 22 states and provide compassionate, resident-centric service and care as well as engaging programming. Capital Senior Living offers seniors the freedom and opportunity to successfully, comfortably and happily age in place. For more information, visit www.capitalsenior.com or connect with the Company on Facebook.
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