Business Context and Reporting Period
This Form 8-K Current Report was filed by Essential Properties Realty Trust, Inc. on December 16, 2025. The filing primarily addresses executive leadership changes within the company's finance department.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
- Appointment of CFO: Robert W. Salisbury, CFA, has been appointed as Executive Vice President and Chief Financial Officer, effective January 1, 2026.
- Departure of CFO: Mark E. Patten will resign as Chief Financial Officer, effective December 31, 2025.
- Reason for Departure: Mr. Patten's departure is not the result of any disagreement regarding accounting principles, financial statement disclosure, or internal controls.
Guidance, Outlook, and Management Commentary
Management Commentary: Mr. Salisbury joined the company in 2023 as Senior Vice President, leading capital markets and investor relations. His prior experience includes roles at Almanac Realty Investors, Citadel Investment Group, V3 Capital Management, and major investment banks (UBS, Bank of America, Citigroup).
Compensation: Mr. Salisbury's compensation as Chief Financial Officer will be determined at a later time.
Indemnification: The company will enter into an Indemnification Agreement with Mr. Salisbury, consistent with agreements for other executive officers.
Risks and Contingencies: No specific risks or contingencies were disclosed in this filing beyond standard executive transition details.
Important Facts for Investors to Verify
- Confirmation of the exact start date for Robert W. Salisbury's new role (January 1, 2026) and the transition period with Mark E. Patten.
- Future disclosure of Mr. Salisbury's compensation package once determined.
- Review of the full Indemnification Agreement filed as an exhibit to understand specific liability protections.
- Verification that no undisclosed disagreements exist regarding financial reporting, as explicitly stated in the filing.