false0001567925true00015679252023-11-082023-11-08

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): November 8, 2023
___________________________________________
SILA REALTY TRUST, INC.
(Exact Name of Registrant as Specified in Its Charter)
___________________________________________
Maryland 000-55435 46-1854011
(State or other jurisdiction of
incorporation or organization)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)
1001 Water St.
Suite 800
Tampa, Florida 33602
(Address of principal executive offices)
(813) 287-0101
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
___________________________________________

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: None
Title of each classTrading SymbolName of each exchange on which registered
N/AN/AN/A
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.
On November 8, 2023, Sila Realty Trust, Inc. (the “Company”) notified Jason C. Reed, its Chief Administrative Officer, that his employment shall no longer be in effect as of, December 31, 2023. In connection with the end of his employment with the Company, if Mr. Reed executes a general release of claims against the Company, he will receive certain benefits in accordance with the Company’s Severance Plan, including: (a) the sum of (i) a cash severance payment equal to the product of his base salary and target annual bonus, and a severance multiple of 1.5 and (ii) his annual bonus for 2023; (b) full and immediate vesting of his time-based equity incentive awards; (c) pro-rated and immediate vesting of his performance-based equity incentive awards (for the avoidance of doubt, this immediate vesting will occur for performance-based equity awards received in 2022 and 2023; the performance period for awards received in 2021 will have been completed on the December 31, 2023 effective date so no such early vesting will be applicable to awards received in 2021); and (d) a cash payment relating to dividends on his vested performance-based equity incentive awards. Among other things, Mr. Reed is subject to certain non-solicitation and non-competition covenants for the eighteen months following the end of his employment.


SIGNATURE
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.
SILA REALTY TRUST, INC.
Dated: November 8, 2023By:/s/ Kay C. Neely
Name:Kay C. Neely
Title:Chief Financial Officer

v3.23.3
Document and Entity Information
Nov. 08, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 08, 2023
Entity Registrant Name SILA REALTY TRUST, INC.
Entity Incorporation, State or Country Code MD
Entity File Number 000-55435
Entity Tax Identification Number 46-1854011
Entity Address, Address Line One 1001 Water St.
Entity Address, Address Line Two Suite 800
Entity Address, City or Town Tampa
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33602
City Area Code 813
Local Phone Number 287-0101
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security None
No Trading Symbol Flag true
Entity Emerging Growth Company false
Entity Central Index Key 0001567925
Sila Realty (USOTC:CVMCA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Sila Realty Charts.
Sila Realty (USOTC:CVMCA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Sila Realty Charts.