# EDGAR Filing Document

**Accession Number:** 0001590717
**File Stem:** 0001628280-25-042476
**Filing Date:** 2025-9
**Character Count:** 12440
**Document Hash:** ac7f9bd2306a36ce717304e2316f98bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-042476.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001628280-25-042476

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250919

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CareTrust REIT, Inc.
- **CENTRAL INDEX KEY:** 0001590717
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 463999490
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36181
- **FILM NUMBER:** 251333667

**BUSINESS ADDRESS:**
- **STREET 1:** 905 CALLE AMANECER, SUITE 300
- **CITY:** SAN CLEMENTE
- **STATE:** CA
- **ZIP:** 92673
- **BUSINESS PHONE:** (949) 542-3140

**MAIL ADDRESS:**
- **STREET 1:** 905 CALLE AMANECER, SUITE 300
- **CITY:** SAN CLEMENTE
- **STATE:** CA
- **ZIP:** 92673

?xml version='1.0' encoding='ASCII'? ctre-20250919

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

**FORM 8-K** 

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d)** 

**of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): September 19, 2025**

**CareTrust REIT, Inc.** 

**(Exact name of registrant as specified in its charter)** 

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| | | |
|:---|:---|:---|
| **Maryland** | **001-36181** | **46-3999490** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

**Registrant's telephone number, including area code: (949) 542-3130** 

---

| | |
|:---|:---|
| **905 Calle Amanecer, Suite 300, San Clemente, CA** | **92673** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Not Applicable** 

**(Former name or former address, if changed since last report.)** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock, par value $0.01 per share | CTRE | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    

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**Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*Resignation of Chief Financial Officer*&nbsp;&nbsp;&nbsp;&nbsp;

On September 19, 2025, William M. Wagner notified CareTrust REIT, Inc. (the "Company") of his retirement as Chief Financial Officer and Treasurer of the Company, effective December 31, 2025. Mr. Wagner will continue as an employee of the Company during a brief transition period after this date to assist with the transition of his responsibilities.

*Appointment of Chief Financial Officer*

On September 22, 2025, the Board of Directors of the Company appointed Derek Bunker to succeed Mr. Wagner as Chief Financial Officer and Treasurer of the Company effective as of January 1, 2026, to serve in those positions until his successor is duly elected and qualifies.

Mr. Bunker, age 37, has served as Senior Vice President of Strategy and Investor Relations of the Company since June 2025 after serving as a consultant to the Company from January 2025 to June 2025 to assist with the Company's acquisition of Care REIT plc. From December 2023 until he joined the Company, Mr. Bunker ran a post-acute healthcare consultancy and independent sponsor. From October 2019 to December 2022, he served as Chief Investment Officer, Executive Vice President and Secretary of The Pennant Group. Prior to that, he served as Vice President, Acquisitions and Business Legal Affairs at The Ensign Group from June 2015 to October 2019 and previously worked as an attorney at Latham & Watkins LLP, focusing on various finance, corporate governance, securities and transactional matters. Mr. Bunker received a J.D. from the University of Virginia School of Law and a B.A. in Philosophy from Brigham Young University.

In connection with Mr. Bunker's appointment as Chief Financial Officer and Treasurer, the Compensation Committee of the Board of Directors (the "Compensation Committee") approved an increase in Mr. Bunker's annual base salary to $475,000 effective January 1, 2026. The Compensation Committee also approved (i) a short-term incentive target for Mr. Bunker under the Company's short-term incentive program of $700,000 for 2026, which will be payable based on a percentage of target subject to the Company's achievement of specified performance metrics to be established by the Compensation Committee for 2026, and (ii) a long-term incentive target for Mr. Bunker under the Company's long-term incentive program of $750,000 for 2026 to be split between time-based and performance-based equity awards, with the grant of the equity awards, and the terms thereof, to be approved by the Compensation Committee at the same time as the grant of equity awards to the Company's other executive officers under the Company's long-term incentive program.

Mr. Bunker will also enter into an indemnification agreement with the Company in the form previously approved by the Board of Directors and filed with the Securities and Exchange Commission as Exhibit 10.11 to the Company's Current Report on Form 8-K on June 5, 2014.

There are no arrangements or understandings between Mr. Bunker and any other person pursuant to which Mr. Bunker was appointed as Chief Financial Officer and Treasurer. There are also no family relationships between Mr. Bunker and any director or executive officer of the Company and Mr. Bunker has no direct or indirect interest in any related party transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.** 

On September 23, 2025, the Company issued a press release announcing the retirement of Mr. Wagner and the appointment of Mr. Bunker as Chief Financial Officer and Treasurer of the Company, which is furnished as Exhibit 99.1 hereto.

Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in any such filing.

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**Item 9.01. Financial Statements and Exhibits.**

(d) *Exhibits.*

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| | |
|:---|:---|
| **<u>Exhibits</u>** | **<u>Description</u>** |
| <u>[99.1](release250923.htm)</u> | <u>[Press Release of the Company, dated September 23, 2025](release250923.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: September 23, 2025 | CARETRUST REIT, INC. | CARETRUST REIT, INC. |
|  | By: | /s/ David M. Sedgwick |
|  |  | David M. Sedgwick |
|  |  | Chief Executive Officer |

---

## Exhibit 99.1

![logoer_v2.jpg](logoer_v2.jpg)

**CareTrust REIT Announces the Planned Retirement of Bill Wagner and Names Derek Bunker CFO Successor** 

SAN CLEMENTE, Calif., September 23, 2025 (BUSINESS WIRE) -- CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today that William M. Wagner, the Company's Chief Financial Officer and Treasurer, plans to retire in early 2026. Derek Bunker, who currently serves as the Company's Senior Vice President of Strategy and Investor Relations, is expected to succeed Mr. Wagner as Chief Financial Officer effective January 1, 2026.

"Bill has been an instrumental leader from day one, guiding our finance and capital market efforts through more than a decade of growth and transformation," said Dave Sedgwick, CareTrust's President and Chief Executive Officer. "His financial acumen and steady leadership helped shape CareTrust into the strong and resilient organization it is today. Under his guidance, we built a strong balance sheet while deploying record amounts of capital, developed a talented accounting team, and put the Company on solid footing for the years ahead. On behalf of the Board, management team and employees, I want to sincerely thank Bill for his dedication and many contributions and wish him well in his well-deserved retirement."

Reflecting on his tenure, Mr. Wagner said, "It has been a privilege to help steer CareTrust for over a decade. I am incredibly proud of what we've accomplished together and deeply grateful to Dave, the Board, and my colleagues for their partnership along the way. As I step into retirement, I know the finance team is in great hands with Derek, and I look forward to watching CareTrust continue to succeed."

Mr. Bunker has over a decade of healthcare leadership experience from his time as the Vice President of Acquisitions and Business Legal Affairs at The Ensign Group and more recently as Chief Investment Officer and Executive Vice President at The Pennant Group, where he developed a deep understanding of the senior care and healthcare real estate industries. "Derek joined CareTrust this year to help lead the successful acquisition of the Care REIT portfolio in the UK, but we've known and worked with him for many years. His background spanning finance, investments, capital markets, investor relations, and seniors housing and skilled nursing operations gives him a well-rounded perspective that aligns closely with CareTrust's mission and strategy and gives us confidence that he is the right leader for the next era of growth," said Mr. Sedgwick.

As part of the CFO transition plan, Lauren Beale, the Company's Chief Accounting Officer, will assume expanded responsibilities, further strengthening the leadership bench.

***About CareTrust REIT***<sup>TM</sup>

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a portfolio of long-term net-leased properties spanning the United States and United Kingdom, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States and internationally. More information about CareTrust REIT is available at <u>www.caretrustreit.com</u>.

***IR Contact***

CareTrust REIT, Inc.

(949) 542-3130

ir@caretrustreit.com

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