CareTrust REIT adds former CEO Gregory Stapley to board and amends bylaws
CareTrust REIT, Inc. increased its board from five to six directors and appointed Gregory K. Stapley, its CEO from 2014 to 2022, effective January 1, 2026. The board also adopted amended and restated bylaws effective October 21, 2025, updating director nomination rules and adding a Chief Investment Officer office. Mr. Stapley is the brother-in-law of current CEO David Sedgwick, which the filing discloses.
Key points
- Board expanded from five to six directors; Mr. Stapley's appointment is effective January 1, 2026
- Director pay includes an $85,000 annual cash retainer and a restricted stock award with a $145,000 grant date value
- Bylaws amended October 21, 2025 to add universal proxy requirements and tighter advance notice rules for director nominations
- Mr. Stapley is the brother-in-law of President and CEO David Sedgwick
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.