UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 3, 2016
INVENTRUST PROPERTIES CORP.
(Exact Name of Registrant as Specified in its Charter)
| Maryland | 000-51609 | 34-2019608 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2809 Butterfield Road
Oak Brook, Illinois 60523
(Address of Principal Executive Offices)
(855) 377-0510
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Officer
(b) Effective June 3, 2016, Ms. Anna Fitzgerald resigned as Executive Vice President – Chief Accounting Officer and principal accounting officer of InvenTrust Properties Corp. (the “Company” or “InvenTrust”) and from all other officer, employment, director and other positions she holds with the Company or any subsidiary, division or affiliate of the Company. Ms. Fitzgerald’s resignation is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls.
Appointment of Officer
(c) Immediately after the effectiveness of the resignation of Anna Fitzgerald, effective as of June 3, 2016, the Board of Directors of the Company appointed current Executive Vice President, Chief Financial Officer, Chief Investment Officer and Treasurer Michael E. Podboy, to also serve as principal accounting officer of the Company.
Mr. Podboy, 39, has served as the Company’s Executive Vice President – Chief Financial Officer, Chief Investment Officer and Treasurer since November 2015, and as Executive Vice President - Chief Investment Officer from March to November 2014. Mr. Podboy also served as the Company’s Executive Vice President - Investments from the time the Company initiated its self-management transactions on March 12, 2014 through November 2014. Since 2007, Mr. Podboy has taken a leading role in over $10 billion of transactions at InvenTrust, which include platform transactions, property level acquisitions and dispositions, and alternative investments. Mr. Podboy also served as the senior vice president of non-strategic asset management of the Company’s former business manager, Inland American Business Manager & Advisor, Inc. (the “Business Manger”) from January 2012 through March 2014 and vice president asset management of the Business Manager from May 2007 through December 2011. Mr. Podboy previously worked in the field of public accounting and was a senior manager in the real estate division for KPMG LLP, where he served as a certified public accountant. He received a B.A. with a focus on accounting and computer science from the University of Saint Thomas in Saint Paul, Minnesota. Mr. Podboy also served as a Trust Manager for Cobalt Industrial REIT II, a REIT which focused on light industrial properties, and currently serves as an Executive Committee member of our retail joint venture entity, IAGM Retail Fund I, LLC.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: June 6, 2016 | InvenTrust Properties Corp. | |||
| By: | /s/ Scott W. Wilton | |||
| Name: | Scott W. Wilton | |||
| Title: | Executive Vice President – General Counsel and Secretary | |||