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Wheeler REIT (NASDAQ: WHLR) reshapes board, audit chair and finance roles

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wheeler Real Estate Investment Trust reported several leadership changes. The Chief Financial Officer’s previously announced departure becomes effective March 13, 2026, and a search for a new CFO is underway.

The company appointed long-time employee Patrick Gundlach as Chief Accounting Officer and Treasurer effective March 14, 2026. He has been Director of Financial Reporting since 2018 and is a certified public accountant. The filing states he has no related-party transactions or family relationships with directors or executives.

Kerry Campbell resigned from the Board effective March 14, 2026 to focus on subsidiary Cedar Realty Trust, with the company noting his resignation was not due to any disagreement over operations, policies, or practices. Director Rebecca Musser was designated Chair of the Audit Committee and is identified as an “audit committee financial expert.” Employee Sydney Schlimgen was appointed Corporate Secretary effective March 14, 2026.

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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): March 10, 2026
 WHEELER REAL ESTATE INVESTMENT TRUST, INC.
(Exact name of registrant as specified in its charter)  
Maryland 001-3571345-2681082
(State or other jurisdiction
of incorporation or organization)
 (Commission
File Number)
(IRS Employer
Identification No.)
2529 Virginia Beach Blvd.
Virginia Beach, VA
 23452
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (757627-9088
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))

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, $0.01 par value per share WHLR
Nasdaq Capital Market
Series B Convertible Preferred Stock WHLRP
Nasdaq Capital Market
Series D Cumulative Convertible Preferred StockWHLRD
Nasdaq Capital Market
7.00% Subordinated Convertible Notes due 2031WHLRL
Nasdaq Capital Market



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

As previously reported, our Chief Financial Officer’s last day at Wheeler Real Estate Investment Trust, Inc. (the “Company”) is March 13, 2026. A search for a new Chief Financial Officer is underway.

In the meantime, the Company is pleased to announce the appointment of Patrick Gundlach as the Company’s Chief Accounting Officer and Treasurer. Mr. Gundlach’s appointment is effective as of March 14, 2026. Mr. Gundlach, 44, has been employed by the Company since 2018, serving as its Director of Financial Reporting. Mr. Gundlach is a certified public accountant and holds a Bachelor of Business Administration in Accounting from James Madison University.

There is no arrangement or understanding between Mr. Gundlach and any other person pursuant to which Mr. Gundlach was appointed Principal Accounting Officer or Treasurer, nor does he have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Gundlach has no family relationships with any of the Company’s directors or executive officers.

Mr. Kerry Campbell has at the same time decided to focus exclusively on our subsidiary Cedar Realty Trust (NYSE: CDRpB and CDRpC) where he is presently the Chairman of the Board of Directors. As such, Mr. Campbell submitted his notice of resignation as a member of the Company’s Board of Directors on March 10, 2026, to be effective as of March 14, 2026. Mr. Campbell’s resignation was not the result of any disagreement regarding the Company’s operations, policies or practices.

Ms. Rebecca Musser, a current director of the Company and a member of the Company’s Audit Committee and the Related Person Transactions Committee, was designated as Chair of the Company’s Audit Committee. Ms. Musser qualifies as an “audit committee financial expert” as that term is defined by the applicable Securities and Exchange Commission regulations.

Finally, Ms. Sydney Schlimgen (an employee of the Company) was appointed the Company’s Corporate Secretary, effective as of March 14, 2026.



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.
 
WHEELER REAL ESTATE INVESTMENT TRUST, INC.
By: /s/ M. Andrew Franklin
 Name: M. Andrew Franklin
 Title: Chief Executive Officer and President

Dated: March 13, 2026


FAQ

What executive changes did Wheeler Real Estate Investment Trust (WHLR) announce in this 8-K?

Wheeler Real Estate Investment Trust announced that its Chief Financial Officer’s last day is March 13, 2026. It also appointed Patrick Gundlach as Chief Accounting Officer and Treasurer, and named employee Sydney Schlimgen as Corporate Secretary, both effective March 14, 2026.

Who is the new Chief Accounting Officer and Treasurer at WHLR and what is his background?

WHLR appointed Patrick Gundlach as Chief Accounting Officer and Treasurer effective March 14, 2026. He joined the company in 2018 as Director of Financial Reporting, is a certified public accountant, and holds a Bachelor of Business Administration in Accounting from James Madison University.

Why did WHLR director Kerry Campbell resign from the Board?

Kerry Campbell resigned from WHLR’s Board effective March 14, 2026 to focus exclusively on Cedar Realty Trust, where he serves as Chairman. The filing states his resignation was not due to any disagreement regarding WHLR’s operations, policies, or practices.

Who chairs the Audit Committee at Wheeler Real Estate Investment Trust after these changes?

Director Rebecca Musser was designated as Chair of WHLR’s Audit Committee. She already served on the Audit Committee and the Related Person Transactions Committee and is described as an “audit committee financial expert” under applicable Securities and Exchange Commission regulations.

Did WHLR disclose any related-party transactions or family relationships for its new officers?

The company stated there is no arrangement or understanding with any person under which Patrick Gundlach was appointed and that he has no material interest in transactions requiring Item 404(a) disclosure. WHLR also noted he has no family relationships with its directors or executive officers.

When will WHLR’s new leadership roles become effective?

WHLR’s Chief Financial Officer’s last day is March 13, 2026. The appointments of Chief Accounting Officer and Treasurer Patrick Gundlach and Corporate Secretary Sydney Schlimgen, along with Kerry Campbell’s Board resignation and Rebecca Musser’s Audit Committee chair role, become effective March 14, 2026.

Filing Exhibits & Attachments

4 documents
Wheeler Real Estate Invt Tr

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United States
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