Business Context and Reporting Period
This Form 8-K Current Report was filed by Life Time Group Holdings, Inc. on May 20, 2026. The filing addresses corporate governance changes, specifically the departure of a director and the appointment of a new director to the Board of Directors.
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 changes and does not contain financial performance data.
Material Changes
- Director Resignation: Andres Small, a Class I director, resigned from the Board of Directors effective May 20, 2026.
- Director Appointment: Rachael Wagner was appointed to the Board of Directors effective May 20, 2026, serving as a Class III director with a term expiring at the 2027 annual meeting.
- Board Composition: Following these changes, the Board consists of 12 members, 10 of whom are independent directors under NYSE listing standards.
Guidance, Outlook, and Risks
The filing does not contain guidance, outlook, management commentary on operations, or specific risk factors. Regarding compensation, Ms. Wagner will receive the Company's standard non-employee director compensation as detailed in the proxy statement filed on March 11, 2026. No unusual items or contingencies were reported.
Investor Verification Checklist
- Verify the independence status of the new director, Rachael Wagner, against NYSE listing standards.
- Review the Company's proxy statement filed on March 11, 2026, for details on standard non-employee director compensation.
- Confirm the current total number of board members and the specific class terms for the staggered board structure.