07/17/2026 | Press release | Distributed by Public on 07/17/2026 14:41
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Executive Appointments
Effective July 16, 2026, Robert "Bobby" Zeiller, age 56, was appointed as Chief Development Officer and Head of Seniors Housing of Chiron Real Estate Inc. (the "Company") and Inter-American Management LLC ("IAM"), and Aaron Roseth, age 51, was appointed as Chief Operating Officer of the Company and IAM. In connection with these appointments, Danica Holley transitioned from Chief Operating Officer to Chief Administrative Officer of the Company and IAM, effective July 16, 2026.
Prior to joining the Company, Mr. Zeiller held various roles at Silverstone Senior Living over the past ten years, serving as Vice Chairman, Co-Chief Executive Officer and Chief Executive Officer. Prior to joining Silverstone Senior Living, Mr. Zeiller served as Executive Vice President of Westbrook Properties in Washington, D.C., and as Regional Vice President of Crescent Resources, LLC, where he was involved in residential investment, entitlement, development and construction activities. Throughout his career, Mr. Zeiller has worked on senior housing, multifamily, mixed-use and other real estate development projects. Mr. Zeiller holds a B.S. in Building Construction from Virginia Tech University and is a LEED Accredited Professional.
Prior to joining the Company, Mr. Roseth served for more than two decades at ESG Architecture & Design, including as President and Chief Executive Officer during the last ten years of his tenure, where he led the firm's expansion from a predominantly regional practice into a national platform. Throughout his career, Mr. Roseth has worked with REITs, institutional investors, developers, operators and ownership groups on the planning, development, acquisition and positioning of healthcare, active adult, senior housing, multifamily, hospitality and mixed-use real estate. Mr. Roseth earned both his bachelor's and master's degrees from the University of Minnesota College of Design.
There are no arrangements or understandings between either Mr. Zeiller or Mr. Roseth and any other persons pursuant to which he was appointed as an officer of the Company and IAM. There are no family relationships between either Mr. Zeiller or Mr. Roseth and any of the Company's directors or executive officers. Mr. Zeiller is a minority partner and former Chief Executive Officer of Silverstone Senior Living, affiliates of which were the sellers in the Company's purchase of the Landing, Riviera and Pinnacle properties. Mr. Zeiller is expected to remain on the board of Silverstone Senior Living and to provide consulting services to Silverstone Senior Living through December 31, 2026, although his board service may continue thereafter. The Company previously disclosed such acquisition transactions in Current Reports on Form 8-K filed with the Securities and Exchange Commission on May 6, 2026 and June 2, 2026. Except as described above, neither Mr. Zeiller nor Mr. Roseth is a party to any transaction, or any proposed transaction, required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Employment Agreements
In connection with the foregoing appointments and transition, IAM entered into employment agreements with Robert Zeiller, Aaron Roseth, Danica Holley and Jamie Barber, each effective as of July 16, 2026. Mr. Zeiller will serve as Chief Development Officer and Head of Seniors Housing of the Company and IAM, Mr. Roseth will serve as Chief Operating Officer of the Company and IAM, Ms. Holley will serve as Chief Administrative Officer of the Company and IAM, and Mr. Barber will continue to serve as General Counsel and Corporate Secretary of the Company and IAM. The employment agreements for Ms. Holley and Mr. Barber supersede any severance payments or benefits to which they otherwise may have been entitled under the Company's existing severance plan.
Term
Each employment agreement provides for an initial three-year term commencing on July 16, 2026, with automatic renewals for successive one-year periods unless either party provides at least 90 days' advance notice of non-renewal. Each executive's position is based in Bethesda, Maryland, and each executive is required to devote his or her best efforts and full time and attention to the businesses of the Company and its direct and indirect subsidiaries, subject to customary exceptions.
Compensation and Benefits
Under the employment agreements, Mr. Zeiller is entitled to an annual base salary of $400,000 and, beginning with the 2027 calendar year, a target annual bonus equal to 75% of his annual base salary. Mr. Roseth is entitled to an annual base salary of $350,000 and, beginning with the 2027 calendar year, a target annual bonus equal to 100% of his annual base salary. Ms. Holley is entitled to an annual base salary of $325,000 and, beginning with the 2027 calendar year, a target annual bonus equal to 100% of her annual base salary. Mr. Barber is entitled to an annual base salary of $290,000 and, beginning with the 2027 calendar year, a target annual bonus equal to 100% of his annual base salary. Each of Mr. Zeiller and Mr. Roseth is also eligible to receive a pro rata bonus for the 2026 calendar year, payable 60% in cash and 40% in LTIP Units, subject to the terms of the applicable employment agreement.
Mr. Zeiller's employment agreement provides that 50% of the pro rata portion of his base salary for the remainder of the 2026 calendar year following the effective date will be paid in the form of LTIP Units, which will vest in full on December 31, 2026, subject to the terms of the applicable award agreement.
During the employment period, each executive and his or her eligible dependents will be eligible to participate in the same benefit plans and programs generally made available to similarly situated employees of IAM, subject to the terms and conditions of the applicable plans and programs as in effect from time to time.