Seaport Entertainment Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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.
Effective June 25, 2026 (the “Transition Date”), Lucy Fato ceased to serve as Executive Vice President, General Counsel and Corporate Secretary of Seaport Entertainment Group Inc. (the “Company”). Pursuant to a Letter Agreement between the Company and Ms. Fato, dated as of June 25, 2026 (the “Transition Agreement”), Ms. Fato will serve as an Advisor to the President and Chief Executive Officer of the Company and continue to be employed by the Company from the Transition Date through August 24, 2026 (the “Separation Date”).
Ms. Fato’s separation is governed pursuant to the termination “without cause” provisions of her employment agreement with the Company, as amended, a copy of which has previously been filed with the Securities and Exchange Commission. In connection with her termination of employment with the Company, subject to Ms. Fato’s satisfaction of the release requirements in her employment agreement and provided that Ms. Fato provides the services set forth in the Transition Agreement through the Separation Date, Ms. Fato will be entitled to the separation payments and benefits payable upon a termination without cause pursuant to the terms of her employment agreement.
The foregoing description of the Transition Agreement is not complete and is qualified in its entirety by reference to the full text of the Transition Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d) | Exhibits |
Exhibit No. | | Description |
10.1 | ||
104 | Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document) |
SIGNATURE
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.
Dated: June 29, 2026 | SEAPORT ENTERTAINMENT GROUP INC. | |
By: | /s/ Matthew M. Partridge | |
Name: | Matthew M. Partridge | |
Title: | President and Chief Executive Officer | |