LTC Properties Inc. Elects Co-CEOs to Board

What Happened
LTC Properties Inc. filed an 8-K (filed Sept. 25, 2026) reporting that on Sept. 22, 2026 the Board increased from six to eight members and elected Pamela J. Shelley-Kessler and Clint B. Malin to fill the new seats. Ms. Shelley-Kessler (age 60) and Mr. Malin (age 54) have served as the Company’s Co‑Presidents & Co‑Chief Executive Officers since December 2024; Shelley‑Kessler was previously CFO (2007–Dec. 2024) and Corporate Secretary, and Malin previously served as Chief Investment Officer (2004–Apr. 2025). They will serve as directors until the next annual meeting or until their successors are elected.

Key Details

• Board size increased from six to eight on Sept. 22, 2026.
• New directors: Pamela J. Shelley‑Kessler (age 60) and Clint B. Malin (age 54), current Co‑Presidents & Co‑CEOs.
• No changes to their compensation as a result of the board elections; neither was appointed to a board committee.
• Company states there are no arrangements or related-party interests requiring Item 404 disclosure; biographical details are in the Company’s April 8, 2026 Proxy Statement. Press release filed as Exhibit 99.1.

Why It Matters
The change formally adds the Company’s top operating executives to the board, increasing management representation and signaling continuity of leadership. For investors, this is primarily a governance update—there are no disclosed compensation changes or related‑party transactions tied to the appointments. Shareholders may want to note future committee assignments or any governance disclosures at the next annual meeting.