Regional Health Properties (RHEP) names new CFO as director plans exit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Regional Health Properties, Inc. appointed Marlie Davis, CPA, MBA, as Chief Financial Officer, effective May 1, 2026. She will serve as the company’s principal financial and principal accounting officer. Davis brings over 20 years of finance, accounting, audit and real estate investment experience at multiple firms.
Under her offer letter, Davis will receive an initial annual base salary of $265,000 and be eligible for a discretionary annual bonus with a $100,000 target. Subject to equity plan approvals, she will be granted 35,000 restricted stock units and an option to purchase 35,000 shares of common stock, plus eligibility for standard employee benefits and nine months of severance if terminated without cause. Separately, director Christopher Winkle notified the company he will resign from the Board effective May 31, 2026, and his resignation is stated not to result from any disagreement with the company.
Positive
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Negative
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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 Figures
CFO base salary: $265,000 per year
Target annual bonus: $100,000
Restricted stock units: 35,000 RSUs
+4 more
7 metrics
CFO base salary
$265,000 per year
Initial annual base salary for Marlie Davis under offer letter
Target annual bonus
$100,000
Discretionary annual bonus target for CFO, criteria set with CEO and committee
Restricted stock units
35,000 RSUs
Equity grant to Marlie Davis, subject to plan and award agreement
Stock options
Option for 35,000 shares
Common stock option grant to CFO; exercise terms in award agreement
Severance period
Nine months
Severance if CFO is terminated by company without cause
CFO effective date
May 1, 2026
Date Marlie Davis becomes Chief Financial Officer
Director resignation effective date
May 31, 2026
Effective date of Christopher Winkle’s resignation from the Board
Key Terms
restricted stock units, equity incentive plan, at will, severance, +1 more
5 terms
restricted stock units financial
"the Company will grant Ms. Davis 35,000 restricted stock units and an option"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plan financial
"the terms of the Company’s equity incentive plan and applicable award agreement"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
at will financial
"The offer letter provides that Ms. Davis’s employment with the Company will be at will."
severance financial
"Upon a termination of Ms. Davis’s employment by the Company without cause, Ms. Davis will be entitled to receive nine months of severance."
Severance is the payment and benefits an employer provides to an employee when their job ends, acting like a short-term financial safety net or final paycheck plus extras such as healthcare continuation or stock vesting. Investors care because severance obligations are real costs and potential liabilities that can reduce cash, affect reported profits, and signal how a company handles leadership changes or downsizing, which can influence future performance and shareholder value.
principal financial officer financial
"Ms. Davis will serve as the Company’s principal financial officer and principal accounting officer"
The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.
FAQ
Who is the new Chief Financial Officer of Regional Health Properties (RHEP)?
Regional Health Properties appointed Marlie Davis, CPA, MBA, as Chief Financial Officer effective May 1, 2026. She will also serve as principal financial and principal accounting officer, bringing over 20 years of finance, accounting, audit, and real estate investment experience to the company.
What are the key compensation terms for RHEP’s new CFO Marlie Davis?
Marlie Davis will receive an initial annual base salary of $265,000 and a discretionary annual bonus with a $100,000 target. She is also slated to receive 35,000 restricted stock units and an option to purchase 35,000 shares of common stock, subject to plan approval.
What equity awards will Regional Health Properties grant to its new CFO?
Subject to board or committee approval and the equity plan’s terms, Regional Health Properties will grant Marlie Davis 35,000 restricted stock units and an option to purchase 35,000 shares of common stock. The option’s exercise price, vesting schedule, term, and other conditions will be set in an award agreement.
Does the RHEP CFO offer letter include severance protection?
Yes. Under her offer letter, if Regional Health Properties terminates Marlie Davis’s employment without cause, she will be entitled to receive nine months of severance. Her employment is otherwise described as at will, meaning either party may end it subject to that severance provision.
Which director is resigning from the Regional Health Properties board and when?
Director Christopher Winkle notified Regional Health Properties on April 27, 2026 that he will resign from the Board effective May 31, 2026. The company states that his resignation is not due to any disagreement over operations, policies, or practices.