Current Report · Items 5.02, 7.01, 9.01 · 8-K
InvenTrust Properties Corp.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Director Appointment On February 19, 2025, the Board of Directors (the “Board”) of InvenTrust Properties Corp. (the “Company”) increased the size of the Board from nine to ten members and appointed Julie M.…
Filed Feb 19, 2025Accepted Feb 19, 2025, 4:21 PM ESTCIK 1307748Accession 0001193125-25-029620
Company context
InvenTrust Properties Corp. (“we,” the “Company,” “our,” “us,” “IVT” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component. We pursue our business strategy by acquiring retail properties in Sun Belt markets, opportunistically disposing of retail properties, and maintaining a flexible capital structure. A trusted, local operator bringing real estate expertise to its tenant relationships, IVT has built a strong reputation with market participants across its portfolio.
Current securities
Historical securities (2)
Disclosure sections
Items 5.02, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Director Appointment
On February 19, 2025, the Board of Directors (the “Board”) of InvenTrust Properties Corp. (the “Company”) increased the size of the Board from nine to ten members and appointed Julie M. Swinehart to the Board effective February 19, 2025, to hold office until the Company’s 2025 annual meeting of stockholders and until her successor has been duly elected and qualified. The Board also appointed Ms. Swinehart as a member of the Audit Committee and Compensation Committee of the Board.
There is no arrangement or understanding between Ms. Swinehart and any other person pursuant to which Ms. Swinehart was selected as a director. Ms. Swinehart does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Swinehart will be entitled to compensation for her service on the Board on the same basis as all other non-employee directors of the Company, pursuant to the InvenTrust Properties Corp. Director Compensation Program.
Directors Not Standing For Re-Election
On February 19, 2025, Michael A. Stein notified the Board that he does not intend to seek re-election as a director of the Board at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) due to the Company’s mandatory retirement age under the Company’s Corporate Governance Guidelines. Mr. Stein’s decision not to stand for re-election is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On February 19, 2025, Thomas F. Glavin notified the Board that he does not intend to seek re-election as a director of the Board at the 2025 Annual Meeting. Mr. Glavin’s decision not to stand for re-election is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Immediately following the adjournment of the 2025 Annual Meeting and expiration of Messrs. Stein’s and Glavin’s term as directors on the Board, the number of directors constituting the entire Board will be decreased from ten (10) directors to eight (8) directors.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On February 19, 2025, the Company issued a press release announcing the appointment of Julie M. Swinehart as a new director of the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Filed exhibits (1)
EX-99.1 (by filename) d923354dex991.htmEX-99.1
2
d923354dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
InvenTrust Properties Announces Appointment of Julie M. Swinehart to Board of Directors
DOWNERS GROVE, III - February 19, 2025 - InvenTrust Properties Corp. (“InvenTrust” or the “Company”)
(NYSE: IVT) is pleased to announce the appointment of Julie M. Swinehart to its Board of Directors, effective immediately. Ms. Swinehart brings extensive financial expertise and leadership experience in the real estate industry, further
strengthening the Company’s governance and strategic vision.
Ms. Swinehart currently serves as Executive Vice President and Chief Financial
Officer of Fenway Sports Group, a global sports, marketing, media, entertainment, and real estate company. Prior to her role at Fenway Sports Group, she was the Executive Vice President, Chief Financial Officer & Treasurer at Retail
Properties of America, Inc. (“RPAI”), where she played a key role in the company’s financial strategy until its merger with Kite Realty Group Trust in 2021. Ms. Swinehart will join the Board as an independent director and member
of both the Audit and Compensation Committees.
“We are thrilled to welcome Julie to the InvenTrust Board o…
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