Sonida Senior Living (SNDA) Proxy filing summary

Executive summary

• Transitioning from stabilization to a new growth phase focused on compounding long-term value.

• Emphasis on operational excellence through decentralized leadership and proprietary data systems.

• Strategic capital allocation prioritizes portfolio quality, disciplined investment, and risk-adjusted returns.

• Ongoing balance sheet strengthening with a near-term leverage target of mid-6x net debt to EBITDA.

• Leadership expresses confidence in sustained value creation over years, not quarters.

Board of directors and corporate governance

• New executive leadership appointed post-2021 recapitalization, resetting strategic direction.

• Board and management alignment with shareholder value through incentive plans tied to free cash flow per share.

Executive compensation and say-on-pay

• Compensation philosophy rewards performance at all levels, aiming for top-of-market pay for high performers.

• Executive incentive plans explicitly linked to sustained growth in free cash flow per share.