UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Resignation of Directors. Effective February 24, 2025, each of Adam Gallistel and Michael Reiter resigned from all positions that he held at STORE Capital LLC (the “Company”) and its subsidiaries, including as a member of the Board of Directors (the “Board”).
Appointment of New Directors. On February 24, 2025, in connection with the resignations of Messrs. Gallistel and Reiter, the Board authorized the appointment of Cai Wenzheng, Jared Sheiker and Colleen Collins to the Board, effective as of February 24, 2025.
Mr. Cai is the Head of Global Investments and Portfolio Strategy at GIC Real Estate. Mr. Cai joined the Real Estate Group in 2008. Prior to his current roles, he had invested across various global real estate markets based out of GIC’s New York, Shanghai and Singapore offices. He started in the Real Estate’s sector specialist team and subsequently moved on to cover corporate investments, direct investments and global strategy. Mr. Cai graduated from Singapore Management University.
Mr. Sheiker is a Principal at Blue Owl and the Chief of Staff of Blue Owl’s Real Assets Platform. In his role as Chief of Staff for Blue Owl Real Assets, where he serves as a member of the Investment Committee, he focuses on sourcing and structuring transactions, capital raising, and other real assets and corporate initiatives. Before joining Blue Owl, he was an Investment Banking Analyst at Keefe, Bruyette & Woods, a Stifel Company. Mr. Sheiker holds a BBA in Finance and Accounting from Emory University’s Goizueta Business School.
Ms. Collins is a Managing Director at Blue Owl. She serves as a member of the Blue Owl’s Net Lease investment team responsible for sourcing single tenant triple net lease real estate assets. Before joining Blue Owl, Ms. Collins was with GE Capital for over 15 years. She helped in various leadership roles in corporate finance, including running commercial teams responsible for senior debt and fixed asset finance transactions. Ms. Collins also launched a $3 billion industrial finance business as a captive finance business. Before that, she worked at a wealth advisory firm for high-net-worth families. Ms. Collins earned a Bachelor of Science in Finance and Economics, summa cum laude, from Georgetown University. Additionally, she received an MBA from Northwestern University’s Kellogg School of Management.
In accordance with the terms of the Fourth Amended and Restated Limited Liability Company Agreement of the Company, dated as of February 24, 2025 (the “LLC Agreement”), Messrs. Wenzheng and Sheiker and Ms. Collins will not be entitled to receive any compensation from the Company for their services rendered as directors.
GIC nominated Mr. Wenzheng (and had previously nominated Mr. Gallistel) to the Board, and Blue Owl nominated Mr. Sheiker and Ms. Collins (and had previously nominated Mr. Reiter) to the Board, pursuant to their Board member designation rights in the LLC Agreement. There is no family relationship between Messrs. Wenzheng and Sheiker and Ms. Collins or any of the Company’s other directors or executive officers. Mr. Wenzheng, as the Head of Global Investments and Portfolio Strategy at GIC Real Estate, is a party to the related party transactions disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2024.
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.
| STORE Capital LLC | ||||||
| Dated: February 28, 2025 | ||||||
| By: | /s/ Chad A. Freed | |||||
| Chad A. Freed | ||||||
| Executive Vice President – General Counsel | ||||||