Business Context and Reporting Period
This Form 8-K filing by Community Healthcare Trust Inc (CHCT) was submitted on January 4, 2022. The report discloses amendments to employment agreements for four senior executives, effective as of January 1, 2022, following Board authorization on October 28, 2021.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation adjustments.
Material Changes
The primary material change is the increase in base salaries for the following executives for the 2022 fiscal year:
- Timothy G. Wallace (President and CEO): Base salary increased from $750,000 to $794,200 (an increase of $44,200).
- David H. Dupuy (EVP and CFO): Base salary increased from $460,000 to $487,200 (an increase of $27,200).
- Leigh Ann Stach (EVP and Chief Accounting Officer): Base salary increased from $387,600 to $410,500 (an increase of $22,900).
- Timothy L. Meyer (EVP - Asset Management): Base salary increased from $295,000 to $312,400 (an increase of $17,400).
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on business performance, or discussion of risks and contingencies. The document is limited to the disclosure of compensatory arrangements.
Investor Verification Checklist
- Verify the total annualized cost increase of $111,700 for the four executives.
- Review the full text of the employment agreement amendments (Exhibits 10.1 through 10.4) for details on performance bonuses, severance, or other compensation terms not summarized in this report.
- Confirm the effective date of January 1, 2022, for the new salary rates.