Business Context and Reporting Period
This Form 8-K Current Report was filed by Brookdale Senior Living Inc. on October 12, 2007, regarding an event that occurred on October 9, 2007. The filing addresses corporate governance and management changes within the Company.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel announcements and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of John P. Rijos, Co-President, to the additional capacity of Chief Operating Officer. This appointment is effective January 1, 2008.
Management Commentary and Background
- Appointment Details: John P. Rijos, 54, will serve as both Co-President and Chief Operating Officer starting January 1, 2008.
- Experience: Mr. Rijos became Co-President in August 2005. He previously served as President and Chief Operating Officer of Brookdale Living Communities, Inc. (a predecessor to the Company) since August 2000.
- Industry Background: Prior to joining the predecessor company, Mr. Rijos spent 16 years with Lane Hospitality Group as President and Chief Operating Officer. He possesses over 25 years of experience in the acquisition, development, and operation of hotels and resorts.
- Compensation: Information regarding Mr. Rijos' compensation arrangements was previously disclosed in the Company's Proxy Statement filed on April 27, 2007. His Employment Agreement was filed as Exhibit 10.71 to the Company's Registration Statement on Form S-1 (Amendment No. 1) filed on September 21, 2005.
Key Facts for Investor Verification
- Verify the effective date of the new Chief Operating Officer role (January 1, 2008).
- Review the Proxy Statement filed on April 27, 2007, for details on Mr. Rijos' compensation.
- Examine Exhibit 10.71 of the Form S-1 (Amendment No. 1) filed on September 21, 2005, for the full Employment Agreement.
- Confirm that no other financial or operational metrics were disclosed in this specific filing.