Office Properties Income Trust (OPI) names AlixPartners partner as Chief Restructuring Officer

Rhea-AI Filing Summary

Office Properties Income Trust reported that its Board of Trustees appointed John Castellano, a Partner and Managing Director at AlixPartners, LLP, as Chief Restructuring Officer on September 15, 2025. The company notes that AlixPartners had already been engaged to support its restructuring efforts, and this appointment formalizes that role inside the organization.

Positive

• None.

Negative

• Chief Restructuring Officer appointment underscores active restructuring, highlighting that the company is formally escalating its restructuring efforts under specialized external leadership from AlixPartners.

Insights

Restructuring and credit risk analyst

Appointment of a Chief Restructuring Officer formalizes ongoing restructuring efforts and signals intensified focus on turnaround actions.

The company has appointed John Castellano of AlixPartners as Chief Restructuring Officer, with AlixPartners already supporting restructuring efforts. This indicates an organized restructuring process with a dedicated executive-level mandate to oversee operational or financial changes.

A Chief Restructuring Officer role typically centralizes decision-making around restructuring plans and creditor or stakeholder negotiations. While outcomes are not detailed here, the move underscores that restructuring is an active strategic focus, and subsequent filings may outline specific actions and financial impacts.

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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): September 15, 2025

OFFICE PROPERTIES INCOME TRUST

(Exact Name of Registrant as Specified in Its Charter)

Maryland

(State or Other Jurisdiction of Incorporation)

001-34364						26-4273474
(Commission File Number)						(IRS Employer Identification No.)

Two Newton Place,

255 Washington Street,

Suite 300,

Newton,

Massachusetts

02458-1634

(Address of Principal Executive Offices)

(Zip Code)

617-219-1440

(Registrant’s Telephone Number, Including Area Code)

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:

☐             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))

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 Shares of Beneficial Interest

OPI

The Nasdaq Stock Market LLC

6.375% Senior Notes due 2050

OPINL

The Nasdaq Stock Market LLC

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. ☐

In this Current Report on Form 8-K, the terms “we”, “us” and “our” refer to Office Properties Income Trust.

Item 8.01. Other Events.

On September 15, 2025, our Board of Trustees appointed John Castellano, a Partner and Managing Director of AlixPartners, LLP, or AlixPartners, as Chief Restructuring Officer of the Company. AlixPartners was previously engaged to support our restructuring efforts.

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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.

			OFFICE PROPERTIES INCOME TRUST
			By:			/s/ Brian E. Donley
			Name:			Brian E. Donley
			Title:			Chief Financial Officer and Treasurer

Dated:  September 16, 2025

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FAQ

What did Office Properties Income Trust (OPI) announce in this 8-K filing?

Office Properties Income Trust announced that its Board of Trustees appointed John Castellano of AlixPartners as Chief Restructuring Officer. This step formalizes AlixPartners’ role, which had already been engaged to support the company’s restructuring efforts, and elevates restructuring oversight to an executive function.

Who is John Castellano in relation to Office Properties Income Trust (OPI)?

John Castellano has been appointed Chief Restructuring Officer of Office Properties Income Trust. He is a Partner and Managing Director at AlixPartners, LLP, a restructuring advisory firm that was previously engaged to support the company’s restructuring efforts before his formal appointment to this executive role.

What role does AlixPartners play for Office Properties Income Trust (OPI)?

AlixPartners, LLP is supporting Office Properties Income Trust’s restructuring efforts and now provides the company’s Chief Restructuring Officer, John Castellano. The firm had already been engaged as a restructuring advisor, and this appointment integrates its expertise more directly into the company’s leadership structure.

When did Office Properties Income Trust (OPI) appoint its Chief Restructuring Officer?

The Board of Trustees of Office Properties Income Trust appointed John Castellano as Chief Restructuring Officer on September 15, 2025. This timing reflects a point at which the company chose to formalize and elevate its ongoing restructuring efforts through a dedicated executive appointment.

What does a Chief Restructuring Officer mean for Office Properties Income Trust (OPI)?

Appointing a Chief Restructuring Officer means OPI is placing formal executive-level focus on its restructuring efforts. The role, filled by AlixPartners’ John Castellano, centralizes responsibility for overseeing restructuring activities already underway and coordinating actions aligned with the company’s broader restructuring strategy.