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AI brief of an SEC Form 8-K · Essential Properties Realty Trust (EPRT)

Essential Properties signs new employment agreements with COO Jenkins and CIO Peil

Neutral Impact 2 of 5 leadership Written later

Essential Properties Realty Trust entered into employment agreements dated March 24, 2025 with Executive Vice President and Chief Operating Officer R. Max Jenkins and Executive Vice President and Chief Investment Officer A Joseph Peil. The agreements set terms for base salary, bonus targets and severance, and include a term through March 24, 2028, which may affect retention of two senior executives.

Key points

  • Agreements run through March 24, 2028, with automatic one-year extensions unless notice is given.
  • Base salary of at least $385,000 per year for each executive, with a minimum target annual bonus of 125% of base salary.
  • Severance after a termination without Cause or for Good Reason is larger if termination occurs within 24 months after a Change in Control.

The filing

CompanyEssential Properties Realty Trust (EPRT)
Form8-K, current report
Filed with the SECMar 28, 2025, 4:13 PM ET
Accession number0001728951-25-000064

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 March 28, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.