Company: INRE
Filing Date: 2025-05-05
Form Type: 8-K
Source: 0000950170-25-063414
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Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-05-05
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 2, 2025, Robert D. Parks informed Inland Real Estate Income Trust, Inc. (the “ Company”) of his resignation from his position as a member of the Board of Directors (the “ Board”) of the Company, including as Chairman thereof, effective May 2, 2025. Mr. Parks’ resignation is not related to any disagreement with the Company’s management, the Board, or any of the Company’s operations, policies or practices. Additionally, on May 2, 2025, Mr. Parks notified the Company’s business manager, IREIT Business Manager & Advisor, Inc. (the “ Business Manager”), that he was resigning from his positions as a director and as President of the Business Manager, effective May 2, 2025.

Following Mr. Parks’ resignation, on May 2, 2025, the Board appointed Catherine L. Lynch to the Board, effective May 2, 2025, to fill the vacancy created by the resignation of Mr. Parks, and to serve as a director until the 2027 Annual Meeting of Stockholders or until her successor is duly elected and qualifies. The Board also elected Ms. Lynch to serve as Chairperson of the Board, effective May 2, 2025.

In connection with her election to the Board, Ms. Lynch, who has served as the Company’s Chief Financial Officer and Treasurer since April 2014 and April 2018, respectively, resigned as Chief Financial Officer and Treasurer, effective May 2, 2025. To replace Ms. Lynch, the Board elected Jerry Kyriazis to serve as Chief Financial Officer and Treasurer of the Company, effective May 2, 2025.

Jerry Kyriazis, age 56, is the Senior Vice President, Director of Portfolio Finance for Inland Real Estate Investment Corporation, the Company’s sponsor, serving several Inland entities, including the Company, InPoint Commercial Real Estate Income, Inc. (“ InPoint”) and IPC Alternative Real Estate Income Trust, Inc. (“ ALT REIT”). Mr. Kyriazis has served as the Chief Financial Officer of ALT REIT and its advisor since June 2023 and October 2022, respectively, as the Chief Financial Officer and Treasurer of MH Ventures Fund III, LLC and its business manager since their inception in September