Item 5.02. - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 16, 2021, the Board of Directors of LTC Properties, Inc. elected Ms.
Cornelia Cheng to the Board effective April 1, 2021.
In conjunction with her appointment to the Board, Ms. Cheng will be granted
3,000 restricted shares to vest over one year. Ms. Cheng will receive
compensation for her service on the Board consistent with that received by LTC's
other non-employee directors as described in LTC's definitive proxy statement
filed with the Securities and Exchange Commission on April 21, 2020 . In
addition, LTC will enter into an indemnity agreement with Ms. Cheng in the form
of which LTC has entered into with each of its directors as incorporated by
reference to Exhibit 10.1 to LTC's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2009 .
The Board will form a new committee to address diversity and ESG initiatives at
LTC. The Board intends to name Ms. Cheng as Chairman of the committee.
A copy of the press release announcing Ms. Cheng's election to the Board is
filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01. - Financial Statements and Exhibits
99.1 Press Release issued March 17, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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