0001538990false00015389902020-09-102020-09-10

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 10, 2020

STORE Capital Corporation

(Exact name of registrant as specified in its charter)

Maryland

    

001-36739

    

45-2280254

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

8377 East Hartford Drive, Suite 100

Scottsdale, AZ 85255

(Address of Principal Executive Offices, Including Zip Code)

(480) 256-1100

(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 Stock, 00015389902020-09-102020-09-10

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 10, 2020

STORE Capital Corporation

(Exact name of registrant as specified in its charter)

Maryland

    

001-36739

    

45-2280254

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

8377 East Hartford Drive, Suite 100

Scottsdale, AZ 85255

(Address of Principal Executive Offices, Including Zip Code)

(480) 256-1100

(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 Stock, $0.01 par value

STOR

New York Stock Exchange

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.

STOR

New York Stock Exchange

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.

Item 5.02

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

(c)Effective September 10, 2020, STORE Capital Corporation (the “Company”) promoted Mary Fedewa, the Company’s Chief Operating Officer, to the position of President and Chief Operating Officer. As President and Chief Operating Officer, Ms. Fedewa will continue her leadership of the Company’s acquisitions, portfolio management and servicing functions, while also overseeing the Company’s credit underwriting function. Ms. Fedewa will continue to serve as a member of the Company’s Board of Directors.

Ms. Fedewa, 55, was one of the Company’s founders in May 2011 and has served as the Company’s Chief Operating Officer since October 2017. She was appointed to serve as a director in August 2016. From the Company’s organization until October 2017 she served as the Company’s Executive Vice President – Acquisitions, Assistant Secretary and Assistant Treasurer. Ms. Fedewa has over 20 years of experience in a broad range of financial services. Prior to co-founding the Company, Ms. Fedewa spent several years investing as principal in single-tenant commercial real estate for private real estate companies. From 2004 to 2007, Ms. Fedewa was a Managing Director of Acquisitions at Spirit Finance Corporation (now Spirit Realty Capital, Inc. (NYSE: SRC)), a real estate investment trust, originating net-lease transactions in a variety of industries across the United States. Prior to Spirit, Ms. Fedewa held numerous positions within GE Capital, concluding as a Senior Vice President of GE Franchise Finance, which was the successor company to Franchise Finance Corporation of America, a Scottsdale, Arizona-based REIT acquired by GE Capital in 2001. Throughout her GE Capital tenure, Ms. Fedewa held leadership positions within Mortgage Insurance, Private Label Financing and Commercial Finance. While at GE, Ms. Fedewa was awarded a Six Sigma Black Belt and also served as a GE Quality Leader. Ms. Fedewa attended North Carolina State University, where she graduated summa cum laude with a B.A. degree in Business Management with a concentration in Finance.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Description

99.1

Press Release dated September 11, 2020

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

 

4

 

STORE Capital Corporation

 

 

Dated: September 11, 2020

 

By:

/s/ Chad A. Freed

 

 

Chad A. Freed

 

 

Executive Vice President – General Counsel

 

Exhibit 99.1

Graphic

STORE Capital Appoints Mary Fedewa President

Promotes Tyler Maertz to EVP of Acquisitions and Craig Barnett to EVP of Underwriting and Portfolio Management

SCOTTSDALE, Ariz., September 11, 2020 -- STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that Mary Fedewa has been appointed to President, in addition to her role of Chief Operating Officer and Board member. The Company also announced the promotions of Tyler Maertz to EVP of Acquisitions and Craig Barnett to EVP of Underwriting and Portfolio Management.

“I am thrilled to announce Mary’s well-deserved and well-earned promotion. As one of STORE’s founders in 2011 and a member of our Board of Directors since 2016, Mary and I have worked side by side for many years, and her promotion to President reflects her abundant talent, many contributions and impactful leadership at STORE,” said Christopher Volk, Chief Executive Officer of STORE Capital. “Mary initially formed and led our acquisitions team, which is a distinct strategic advantage for our Company. When Mary was promoted to Chief Operating Officer in 2017, she assumed additional responsibility for our servicing, portfolio management, information technology and real estate closing areas. She has extensive knowledge of our industry, a deep passion for our business and mission, and operational expertise that has been instrumental in elevating STORE to the industry leadership position we enjoy. I look forward to continuing to work closely with Mary in her new role as we deliver value for all our stakeholders.”

Volk continued, “I am also happy to announce the promotions of Tyler Maertz to Executive Vice President of Acquisitions and Craig Barnett to Executive Vice President of Underwriting and Portfolio management. Tyler and Craig both came to us from predecessor platforms, have been with STORE since the beginning, and have contributed greatly to building our Company. Each of them has made profound marks on our success. These promotions recognize their leadership and hard work and are also reflective of STORE’s abundant leadership talent. The addition of Tyler and Craig to our senior management team is an important step as we look to fulfill our meaningful growth potential for the benefit of our many stakeholders.”

Tyler Maertz has served in leadership roles at STORE for nearly 10 years and was previously Senior Managing Director of Acquisitions. Prior to joining STORE as a Managing Director of Acquisitions in 2011, Tyler concluded an 11-year career with GE Capital managing customer relationships at GE Franchise Finance for numerous restaurant brands and a portfolio of assets approaching billion. Previously, he led the Financial Planning & Analysis group at GE Franchise Finance. Tyler graduated Magna Cum Laude from the University of Notre Dame with a Bachelor of Business Administration degree in Finance &


STORE Capital Corporation

Page 2 of 2

Accounting. He also earned a Master of Business Administration degree from Arizona State University’s W.P. Carey School of Business, and is a CFA® charterholder.

Craig Barnett has served in leadership roles at STORE for nearly 10 years and was previously Senior Vice President of Portfolio Management. After joining STORE as a senior underwriter in 2011, Craig started STORE’s Portfolio Management Department, which has since grown and been integral to STORE’s sophisticated portfolio strategy development. Craig has nearly 20 years of broad-based commercial real estate and REIT experience. Prior to joining STORE, he was a Vice President of Franchise Capital Advisors and held leadership positions at GE Capital and Franchise Finance Corporation of America. He earned a BS in Finance from Arizona State University’s W.P. Carey School of Business.

About STORE Capital

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com.

Contacts:

Financial Profiles, Inc.

STORECapital@finprofiles.com

Investors or Media:

Moira Conlon, 310-622-8220

Lisa Mueller, 310-622-8231

# # #


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Document and Entity Information
Sep. 10, 2020
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date Sep. 10, 2020
Entity Registrant Name STORE Capital Corporation
Entity Incorporation, State or Country Code MD
Entity File Number 001-36739
Entity Tax Identification Number 45-2280254
Entity Address, Address Line One 8377 East Hartford Drive, Suite 100
Entity Address, City or Town Scottsdale
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85255
City Area Code 480
Local Phone Number 256-1100
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value
Trading Symbol STOR
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001538990
Amendment Flag false