Seritage Growth Properties entered into an amended and restated employment agreement with Adam Metz on July 1, 2026, confirming his continued role as Chief Executive Officer and President. The agreement features an initial six-month term with a company option to extend for another six months. Mr. Metz's annual base salary remains $1,100,000, while his target annual bonus opportunity increased from $1,225,000 to $1,300,000. If the extension is not exercised, the bonus target will be prorated to $650,000 for the six-month period. The company is a real estate investment trust focused on retail properties.