Company: GMRE
Filing Date: 2025-01-08
Form Type: 8-K
Source: 0001104659-25-002062
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Company: Global Medical REIT Inc.
Filing Date: 2025-01-08
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 January8,
2025, Global Medical REIT Inc. (the “ Company”) and Jeffrey Busch, Chairman of the Board and Chief Executive Officer, reached
an agreement regarding Mr. Busch’s transition from service as the Company’s Chief Executive Officer and anticipated continuation
as a member of the Company’s Board of Directors (the “ Board”). Pursuant to a Transition
and Separation Agreement and General Release of Claims dated as of January 8, 2025 (the “ Separation Agreement”),
Mr. Busch, the Company and Inter-American Management LLC (“ Inter-American”) agreed that Mr. Busch’s employment, and
service as Chief Executive Officer and President of the Company and Inter-American, would end no later than the first to occur of (i)
the date that a successor to the position of Chief Executive Officer who has been appointed in accordance with the Board’s approved
succession process begins employment, or (ii) June 30, 2025 (such date that is the first to occur, the “ Succession Date”).
The Board has directed the Nominating and Corporate Governance Committee of the Board to conduct a comprehensive search process
to identify a newChief Executive Officer with the assistance of an executive search firm. Mr. Busch intends to stand for re-election as a director at the Company’s 2025 annual meeting
of stockholders, and it is expected that he will continue to serve as non-executive Chairman of the Board following the Succession Date.
Mr. Busch’s departure is not the result of any disagreement with the Company on any matter relating to its operations, policies,
or practices.