Form 8-K - Current report

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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) January 7, 2025

 

Americold Realty Trust, Inc.

(Exact name of registrant as specified in its charter)

 

 

Maryland			001-34723			93-0295215
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

10 Glenlake Parkway,			South Tower, Suite 600
Atlanta,			Georgia						30328
(Address of principal executive offices)									(Zip Code)

[phone]

(Registrant’s telephone number, including area 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 (see General Instruction A.2. below):

 

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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.  ☐

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

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

COLD

New York Stock Exchange

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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.

Chief Financial Officer Base Salary and LTIP Market Adjustments

As of January 1, 2025, the base salary and annual grant target value under the Americold Realty Trust, Inc. (the “Company”) 2017 Equity Incentive Plan payable to Jay Wells, the Company’s EVP and Chief Financial Officer, were increased in accordance with a market adjustment approved by the Company’s compensation committee. Prior to this increase, Mr. Wells’s base salary was $575,000, and effective as of January 1, 2025, Mr. Wells’s base salary is $640,000. Prior to this increase, the target value of Mr. Wells’s annual equity award was $1,100,000, and for 2025, aligned with the Company’s regular annual grant cycle, Mr. Wells will receive an equity award with a targeted value of $1,600,000.

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.

Date: January 7, 2025

			Americold Realty Trust, Inc.
			By:			/s/ Nathan Harwell
						Name: Nathan Harwell
						Title: Executive Vice President and Chief Legal Officer

Cover Page Document	Jan. 07, 2025
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 07, 2025
Entity Registrant Name	Americold Realty Trust, Inc.
Entity Incorporation, State or Country Code	MD
Entity File Number	001-34723
Entity Tax Identification Number	93-0295215
Entity Address, Address Line One	10 Glenlake Parkway,
Entity Address, Address Line Two	South Tower, Suite 600
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	678
Local Phone Number	441-1400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	COLD
Security Exchange Name	NYSE
Amendment Flag	false
Entity Central Index Key	0001455863

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