Innovative Industrial director to retire in 2026

Innovative Industrial Properties, Inc. reports that director Gary Kreitzer plans to retire from the Board and will not stand for re-election when his term ends at the Company’s 2026 annual meeting of shareholders.

Rhea-AI Filing Summary

Innovative Industrial Properties, Inc. reports that director Gary Kreitzer plans to retire from the Board and will not stand for re-election when his term ends at the Company’s 2026 annual meeting of shareholders.

The Company states that Mr. Kreitzer’s decision is not due to any disagreement with management or Board on operations, policies, or practices. Executive Chairman Alan Gold praised his leadership and long-standing contributions since the Board’s inception.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Terms

annual meeting of shareholders, Executive Chairman, Board, Emerging growth company, +1 more

5 terms

annual meeting of shareholders financial

"when his term expires at the Company’s 2026 annual meeting of shareholders"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

Executive Chairman financial

"Alan Gold, the Company’s Executive Chairman said"

An executive chairman is the board leader who also takes an active role in running the company, combining oversight of the board with hands-on involvement in strategy and major decisions. For investors, this matters because it concentrates influence in one person—like a team captain who both sets the game plan and plays on the field—so their judgment can speed decisions but also increases governance and succession risk that can affect stock value.

Board financial

"he will retire from the Board and not stand for re-election"

A board is a group of elected people who oversee a company’s direction and management, like a steering committee that hires and evaluates the CEO, approves major deals, and sets broad policies. Investors care because the board’s decisions and oversight shape strategy, risk, dividend and takeover decisions, and legal protections for shareholders—so a strong, independent board can increase the chances of steady returns and protect against mismanagement.

Emerging growth company regulatory

"Emerging growth company Securities Registered pursuant to Section 12(b) of the Act"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Common Stock, par value $0.001 per share financial

"Common Stock, par value $0.001 per share | | IIPR"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Innovative Industrial Properties (IIPR) disclose?

Innovative Industrial Properties disclosed that director Gary Kreitzer will retire from its Board and not stand for re-election when his term expires at the 2026 annual meeting of shareholders, marking an upcoming change in the company’s board composition.

When will Innovative Industrial Properties director Gary Kreitzer leave the board?

Gary Kreitzer will retire from the Board at Innovative Industrial Properties’ 2026 annual meeting of shareholders, when his current term expires. He will serve until that meeting, after which he will not stand for re-election to the Board.

Did Gary Kreitzer resign over disagreements with Innovative Industrial Properties (IIPR)?

The company states that Gary Kreitzer’s decision is not due to any disagreement with Innovative Industrial Properties on operations, policies, or practices. Management emphasizes there is no known dispute underlying his decision not to seek re-election in 2026.

How did Innovative Industrial Properties describe Gary Kreitzer’s board service?

Executive Chairman Alan Gold credited Gary Kreitzer’s leadership and insight with playing a meaningful role in shaping Innovative Industrial Properties’ success. The company highlighted his dedicated service on the Board since its inception and his guidance through periods of growth and change.

Who signed the Innovative Industrial Properties 8-K announcing the director retirement?

The 8-K was signed on behalf of Innovative Industrial Properties by David Smith, the company’s Chief Financial Officer. His signature confirms the company’s authorization and formal filing of the disclosure regarding director Gary Kreitzer’s planned retirement in 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/10/2026 - 04:30 PM Learn about SEC filing dates

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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): April 6, 2026

Innovative Industrial Properties, Inc.

(Exact name of registrant as specified in its charter)

Maryland		001-37949		81-2963381
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

1389 Center Drive, Suite 200

Park City, UT 84098

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (858) 997-3332

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, par value $0.001 per share		IIPR		New York Stock Exchange
Series A Preferred Stock, par value $0.001 per share		IIPR-PA		New York Stock Exchange

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

Director Retirement Upon Expiration of Term

On April 6, 2026, Gary Kreitzer informed Innovative Industrial Properties, Inc. (the “Company”) that he will retire from the Board and not stand for re-election when his term expires at the Company’s 2026 annual meeting of shareholders. Mr. Kreitzer’s decision not to stand for re-election is not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies, or practices.

Alan Gold, the Company’s Executive Chairman said: “The Company extends its sincere gratitude to Gary for his dedicated service on the Board since its inception. His leadership and insight have played a meaningful role in shaping our success and guiding the Company through periods of growth and change.”

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: April 10, 2026	INNOVATIVE INDUSTRIAL PROPERTIES, INC.
	By:	/s/ David Smith
	Name:	David Smith
	Title:	Chief Financial Officer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.2 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 26.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 35.7 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 24.7 KB