Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 21, 2022, the Board of Directors (the “Board”) of Sonida Senior Living, Inc. (the “Company”) appointed Timothy Cober, CPA, as the Company’s new Vice President and Chief Accounting Officer, effective July 1, 2022. On June 21, 2022, the Company and Howard Garfield, the Company’s current Vice President and Chief Accounting Officer, mutually agreed that he would resign from his positions with the Company, effective July 1, 2022.
Mr. Cober, age 39, previously served as Vice President of Accounting for Spire Hospitality, L.L.C., a national third-party hospitality management company. Prior to joining Spire Hospitality, L.L.C. in 2021, Mr. Cober most recently served as Vice President & Corporate Controller for HealthTrackRX, Inc., an infectious disease laboratory, and as Vice President of Accounting Operations for U.S. Anesthesia Partners, Inc., a single-specialty anesthesia practice in the United States. Prior to his roles in healthcare, Mr. Cober served as Vice President of Central Accounting for Aimbridge Hospitality, L.L.C., a global hospitality management firm, where he spent approximately 4.5 years and built a professional services platform to support the company’s rapid organic growth and M&A activity. Mr. Cober began his career as a Financial Services Associate at Chapman, Hext & Co. P.C., later serving as an Assurance Senior for Ernst & Young, L.L.P.
In connection with Mr. Cober’s appointment as Vice President and Chief Accounting Officer of the Company, Mr. Cober and the Company entered into an employment agreement, effective July 1, 2022 (the “Employment Agreement”), which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
There are no arrangements or understandings between Mr. Cober and any other person pursuant to which Mr. Cober was selected as an officer of the Company. There are no family relationships between Mr. Cober and any director or executive officer, or person nominated or chosen by the Company to become a director or executive officer, of the Company. There are no transactions between Mr. Cober and the Company that would be reportable under Item 404(a) of Regulation S-K.