Seritage Extends Adam Metz CEO Deal, Lifts Target Bonus to $1.3 Million
Updated
Updated · TradingView · Jul 9
Seritage Extends Adam Metz CEO Deal, Lifts Target Bonus to $1.3 Million
3 articles · Updated · TradingView · Jul 9
Summary
July 1 marked the start of Seritage’s amended and restated employment agreement with Adam Metz, keeping him on as chief executive officer and president.
The updated contract raises Metz’s target annual bonus to $1.3 million for the 12-month period beginning July 1, 2026, while maintaining a $1.1 million annual base salary.
The prior agreement had an initial six-month term with a company option to extend another six months; Seritage did not disclose a reason for the amendment or any replacement-related details.
The change was disclosed in an 8-K filed July 8, signaling a compensation and term reset rather than a leadership transition at the real estate company.