Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnJanuary 3, 2022 ,Amanda Lombard notifiedSeritage Growth Properties (the "Company") of her intention to resign from her position as Chief Financial Officer of the Company to pursue another professional opportunity.Ms. Lombard will cease serving as the Company's principal financial officer, principal accounting officer and Chief Financial Officer, effectiveJanuary 14, 2022 .Ms. Lombard's resignation is not the result of any disagreement with the Company. OnJanuary 7, 2022 , the Company announced thatJohn Garilli has been appointed interim chief financial officer on a full-time basis, effectiveJanuary 14, 2022 .Mr. Garilli is a veteran public company executive with more than 15 years of experience in real estate leadership roles.Mr. Garilli has been a member ofWinthrop Capital Advisors, LLC and its affiliates ("Winthrop") since 1995, currently serving as President and Chief Operating Officer.Mr. Garilli currently serves as Interim President and CEO of Luby's, Inc., a national restaurant company operating the Luby's Cafeterias and Fuddruckers brands, sinceFebruary 2021 and will continue to serve in that role in the near-term.Mr. Garilli has served as CEO, President, Chief Financial Officer, Treasurer, andSecretary of New York REIT Liquidating LLC since 2018. Prior to this, he served as the Chief Executive Officer of its predecessor, New York REIT, Inc. ("NYRT"), a NYSE-listed real estate investment trust, fromJuly 2018 toNovember 2018 , and as Chief Financial Officer, Secretary, and Treasurer of NYRT beginning in 2017. Previously,Mr. Garilli served as Chief Accounting Officer ofWinthrop Realty Trust , a NYSE-listed real estate investment trust, from 2006 to 2012 and served asWinthrop Realty Trust's Chief Financial Officer from 2012 until 2016.Mr. Garilli holds an MBA fromBabson College and a BA from theCollege of the Holy Cross . The Company and Winthrop are parties to an existing agreement, pursuant to which Winthrop provides the Company with comprehensive property management services and property accounting support as well as the services ofMr. Garilli and other Winthrop executives. In exchange for these services, the Company pays Winthrop a fee equal to$62,500 per month, plus reimbursement for the salaries, bonuses and benefits for certain employees of Winthrop, other thanMr. Garilli , who devote time to the Company. There are no family relationships betweenMr. Garilli and any director or other executive officer of the Company and there are no related persons transactions (within the meaning of Item 404(a) of Regulation S-K) involvingMr. Garilli and the Company and its subsidiaries, except as described herein. OnJanuary 7, 2022 , the Company issued a press release announcingMr. Garilli's appointment. A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of the Company datedJanuary 7, 2022 104 Cover Page Interactive Data File (embedded within Inline XBRL document)
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