Published: Dec. 26, 2023 at 6:11 p.m. ET
By Ben Glickman
Life Time Group Holdings and Robert Houghton, the company’s finance chief, have agreed that he would resign.
The Chanhassen, Minn.-based company said in a regulatory filing Tuesday that Senior Vice President and Controller Erik Weaver would take on the additional position of interim finance chief effective Jan. 1.
Life…
By Ben Glickman
Life Time Group Holdings and Robert Houghton, the company’s finance chief, have agreed that he would resign.
The Chanhassen, Minn.-based company said in a regulatory filing Tuesday that Senior Vice President and Controller Erik Weaver would take on the additional position of interim finance chief effective Jan. 1.
Life Time, an upscale health-club chain, said Houghton would resign effective Dec. 31, and would cease his service to the company effective Jan. 5.
He would receive a lump sum cash payment of $505,000 in connection with the separation and would be able to vest his restricted stock units granted as part of his 2023 bonus.
The company said Weaver, 45 years old, joined the company in 2004 and has served as controller since 2018.
Write to Ben Glickman at ben.glickman@wsj.com
