Wheeler Real Estate Investment Trust, Inc 8-K, filed Oct 12, 2021
Wheeler Real Estate Investment Trust, Inc. (WHLR)
About this 8-K
Wheeler Real Estate Investment Trust, Inc filed this 8-K on October 12, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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
Effective October 12, 2021, Wheeler Real Estate Investment Trust, Inc. (the “Company”) appointed M. Andrew Franklin to the position of Chief Executive Officer and President.
Mr. Franklin was previously interim Chief Executive Officer, a position he held since July 2021. Mr. Franklin, age 40, has been employed by the Company since 2014 in various positions of increasing responsibility. Prior to Mr. Franklin’s role as interim Chief Executive Officer, he was the Company’s Chief Operating Officer since February 2018, Senior Vice President of Operations since January 2017, and Senior Vice President of Asset Management since October 2015. Mr. Franklin joined the Company in June 2014 as an Asset Manager.
Mr. Franklin’s base salary will be increased to $400,000, and all other terms of his existing employment agreement will continue to apply.
There are no arrangements or understandings that exist between Mr. Franklin and any other persons pursuant to which he was selected as an officer and there are no family relationships between Mr. Franklin and any member of the Company’s board of directors or any executive officer of the Company. In addition, there are no related person transactions between Mr. Franklin and the Company that would be reportable under Item 404(a) of Regulation S-K.
On October 12, 2021, the Company issued a press release announcing the appointment of Mr. Franklin to the position of Chief Executive Officer and President. A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | ||
| 99.1 | Wheeler Real Estate Investment Trust, Inc. Press Release, dated October 12, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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 thereunto duly authorized.
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Date: October 12, 2021 |
Wheeler Real Estate Investment Trust, Inc. | ||
| By: | /s/ Crystal Plum | ||
| Name: | Crystal Plum | ||
| Title: | Chief Financial Officer | ||
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Exhibit 99.1
Wheeler Real Estate Investment Trust, Inc. Appoints M. Andrew Franklin as Chief Executive Officer and President
Virginia Beach, VA – October 12, 2021 – Effective today, Wheeler Real Estate Investment Trust, Inc. (the “Company” or “Wheeler”) (NASDAQ: WHLR) announces the appointment of M. Andrew Franklin to the role of Chief Executive Officer and President.
Mr. Franklin was previously interim Chief Executive Officer, a position he held since July 2021. Prior to Mr. Franklin’s role as interim Chief Executive Officer, he was the Company’s Chief Operating Officer since February 2018, Senior Vice President of Operations since January 2017, and Senior Vice President of Asset Management since October 2015. Mr. Franklin joined Wheeler in June 2014 as an Asset Manager.
“The board of directors is pleased to recognize Andy’s significant contributions to the Company and we are confident that under his stewardship Wheeler will continue in its ongoing efforts to improve the Company’s capital structure and execute upon growth and strategic opportunities available to it,” said Stefani Carter, Chair of the Company’s board of directors.
About Wheeler Real Estate Investment Trust, Inc.
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Please visit: www.whlr.us.
Contact Details
Investor Relations
Mary Jensen
+1 757-627-9088
mjensen@whlr.us