CBL & Associates 8-K: Officer/Director Changes, Comp Arrangements

TL;DR

**CBL filed an 8-K about executive changes and compensation, but details are missing.**

AI Summary

CBL & Associates Properties, Inc. filed an 8-K on February 13, 2024, reporting events that occurred on February 7, 2024. This filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. While the filing confirms these categories, it does not provide specific names, dollar amounts, or detailed changes. For investors, this matters because executive and board changes, especially those involving compensation, can signal shifts in company strategy or financial health, potentially impacting future stock performance.

Why It Matters

Changes in leadership and executive compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates significant events like officer changes and compensation arrangements, but the lack of specific details creates uncertainty for investors.

Analyst Insight

Investors should monitor for subsequent filings or press releases from CBL & Associates Properties, Inc. that provide specific names, roles, and financial details related to the reported officer changes and compensation arrangements to fully assess the impact.

Key Numbers

• $0.001 — Common Stock par value (This is the stated par value per share for CBL's common stock.)

Key Players & Entities

• CBL & ASSOCIATES PROPERTIES, INC. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where CBL's Common Stock is registered
• February 07, 2024 (date) — date of the earliest event reported in the 8-K
• February 13, 2024 (date) — date the 8-K was filed
• $0.001 (dollar_amount) — par value of CBL's Common Stock

Forward-Looking Statements

• CBL & Associates Properties, Inc. will provide more specific details regarding the officer and director changes, and compensatory arrangements in a subsequent filing or press release. (CBL & Associates Properties, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value CBL New York Stock Exchan
• $1,403,216 — D. Lebovitz, Chief Executive Officer $1,403,216 70% 30% Benjamin W. Jaenicke, Exe
• $604,900 — Chief Financial Officer and Treasurer $604,900 60% 40% Michael I. Lebovitz, Pres
• $462,337 — 40% Michael I. Lebovitz, President $462,337 60% 40% Katie A. Reinsmidt, Execu
• $447,288 — President and Chief Operating Officer $447,288 60% 40% Jeffery V. Curry, Chief L
• $332,683 — ry, Chief Legal Officer and Secretary $332,683 60% 40% Based on consideration by
• $300,000 — r was as follows: Stephen D. Lebovitz - $300,000; Benjamin W. Jaenicke - $250,000; Micha
• $250,000 — vitz - $300,000; Benjamin W. Jaenicke - $250,000; Michael I. Lebovitz - $100,000; Katie
• $100,000 — nicke - $250,000; Michael I. Lebovitz - $100,000; Katie A. Reinsmidt - $100,000; and Jef
• $1,556,500 — n D. Lebovitz, ChiefExecutive Officer $1,556,500 $1,089,550 46,612 $466,950 19,9
• $1,089,550 — , ChiefExecutive Officer $1,556,500 $1,089,550 46,612 $466,950 19,977 Ben Jaen
• $466,950 — er $1,556,500 $1,089,550 46,612 $466,950 19,977 Ben Jaenicke, Executive Vice
• $1,288,000 — Chief Financial Officer and Treasurer $1,288,000 $772,800 33,061 $515,200 22,041
• $772,800 — al Officer and Treasurer $1,288,000 $772,800 33,061 $515,200 22,041 Michael
• $515,200 — urer $1,288,000 $772,800 33,061 $515,200 22,041 Michael I. Lebovitz, Preside

Filing Documents

• cbl-20240207.htm (8-K) — 141KB
• cbl-ex10_1.htm (EX-10.1) — 99KB
• cbl-ex10_3.htm (EX-10.3) — 85KB
• cbl-ex10_4.htm (EX-10.4) — 111KB
• cbl-ex10_5.htm (EX-10.5) — 59KB
• 0000950170-24-014478.txt ( ) — 661KB
• cbl-20240207.xsd (EX-101.SCH) — 23KB
• cbl-20240207_htm.xml (XML) — 4KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 CBL & Associates Properties, Inc. Named Executive Officer Annual Incentive Compensation Plan (AIP) (Fiscal Year 2024). 10.2 CBL & Associates Properties, Inc. 2021 Equity Incentive Plan. Incorporated by reference from the Company's Current Report on Form 8-K filed on November 16, 2021. 10.3 2024 Long Term Incentive Plan under CBL & Associates Properties, Inc. 2021 Equity Incentive Plan. 10.4 Form of 2024 LTIP Performance Stock Unit Award Agreement under CBL & Associates Properties, Inc. 2021 Equity Incentive Plan. 10.5 Form of 2024 LTIP Stock Restriction Agreement under CBL & Associates Properties, Inc. 2021 Equity Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CBL & ASSOCIATES PROPERTIES, INC. Date: February 13, 2024 By: /s/ Jeffery V. Curry Jeffery V. Curry Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR