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.
Item 7.01 Regulation FD Disclosure.
On June 24, 2022, the Company issued a press release announcing, among others,
the appointment of Mr. Cober as Vice President and Chief Accounting Officer of
the Company. A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Employment Agreement by and between Sonida Senior Living, Inc. and
Timothy Cober
99.1 Press Release, dated June 24, 2022*
104 Cover Page Interactive Data File-formatted as Inline XBRL
* This exhibit to this Current Report on Form 8-K is not being filed but is being
furnished pursuant to Item 9.01.
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