CBL & ASSOCIATES PROPERTIES INC files DEF 14A

TL;DR

<b>CBL & ASSOCIATES PROPERTIES INC files its Definitive Proxy Statement (DEF 14A) detailing executive compensation and stock award information.</b>

AI Summary

CBL & ASSOCIATES PROPERTIES INC (CBL) filed a Proxy Statement (DEF 14A) with the SEC on April 22, 2024. Filing is a Definitive Proxy Statement (DEF 14A) filed on April 22, 2024. The report covers the period ending April 18, 2024. Company's principal executive offices are located at 2030 Hamilton Place Blvd, Suite 500, Chattanooga, TN 37421. The filing includes data related to stock compensation for PEO and Non-PEO members for the years 2020-2023. Specific data points include changes in fair value of awards, dividends paid on unvested awards, and fair value of awards granted.

Why It Matters

For investors and stakeholders tracking CBL & ASSOCIATES PROPERTIES INC, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, stock awards, and voting matters, enabling informed decisions. The detailed breakdown of stock compensation, including fair value changes and dividends on unvested awards, offers insight into the company's incentive structures and potential shareholder value.

Risk Assessment

Risk Level: — CBL & ASSOCIATES PROPERTIES INC shows moderate risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant operational updates, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and stock award valuations to understand potential impacts on shareholder value and corporate governance.

Key Numbers

• 2024-04-22 — Filing Date (Date the DEF 14A was filed)
• 2024-04-18 — Period of Report (Conformed period of report)
• 2020-2023 — Stock Compensation Data Years (Years for which stock compensation data is provided)

Key Players & Entities

• CBL & ASSOCIATES PROPERTIES INC (company) — Filer name
• 2030 HAMILTON PLACE BVLD, SUITE 500 (location) — Business and mailing address
• CHATTANOOGA (location) — City for business and mailing address
• TN (location) — State for business and mailing address
• 37421 (location) — ZIP code for business and mailing address

FAQ

Industry Context

The filing is a standard Definitive Proxy Statement (DEF 14A) for a Real Estate Investment Trust (REIT).

Regulatory Implications

The filing adheres to SEC regulations for proxy solicitations, specifically the 1934 Act.

What Investors Should Do

1. Analyze the detailed breakdown of stock compensation for PEO and Non-PEO members.
2. Review any proposals presented for shareholder vote.
3. Examine the fair value changes and dividends paid on unvested awards for insights into executive incentives.

Key Dates

• 2024-04-22: DEF 14A Filing — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a periodic disclosure and not a comparison to a prior filing of the same type.

Filing Documents

• cbl-20240418.htm (DEF 14A) — 1581KB
• img95301131_0.jpg (GRAPHIC) — 48KB
• img95301131_1.jpg (GRAPHIC) — 8KB
• img95301131_2.jpg (GRAPHIC) — 5KB
• img95301131_3.jpg (GRAPHIC) — 8KB
• img95301131_4.jpg (GRAPHIC) — 124KB
• img95301131_5.jpg (GRAPHIC) — 129KB
• img95301131_6.jpg (GRAPHIC) — 139KB
• img95301131_7.jpg (GRAPHIC) — 8KB
• img95301131_8.jpg (GRAPHIC) — 771KB
• img95301131_9.jpg (GRAPHIC) — 530KB
• 0000950170-24-046205.txt (&nbsp;) — 6651KB
• cbl-20240418.xsd (EX-101.SCH) — 31KB
• cbl-20240418_htm.xml (XML) — 255KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 26 Delinquent Section 16(a) Reports 30

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 31 Compensation Discussion and Analysis 31 Summary Compensation Table 49 2023 Grants of Plan-Based Awards 51 Additional Information Concerning Executive Compensation 52 2023 Outstanding Equity Awards at Fiscal Year-End 57 2023 Option Exercises and Stock Vested 58 Potential Payments Upon Termination or Change in Control 59 Pay Ratio Disclosure 65 Pay Versus Performance Disclosure 66 DIRECTOR COMPENSATION 71 Director Compensation Table 71 Additional Information Concerning Director Compensation 72 Equity Compensation Plan Information as of December 31, 2023 73 Compensation Committee Interlocks and Insider Participation 74 REPORT OF THE COMPENSATION COMMITTEE 74 REPORT OF THE AUDIT COMMITTEE 75 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 76 PROPOSAL 2 – RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS 82 Independent Registered Public Accountants' Fees and Services 82 PROPOSAL 3 – ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 84 DATE FOR SUBMISSION OF SHAREHOLDER PROPOSALS AND RELATED MATTERS 85 HOUSEHOLDING OF PROXY MATERIALS 85 OTHER BUSINESS OF THE MEETING 86 PROXY STATEM ENT SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting. Page references are supplied in this summary to help you find further information in this Proxy Statement. Our 2024 Annual Meeting Time and Date 2:00 p.m. (EDT) on Wednesday, May 22, 2024 Location The Annual Meeting will be held virtually via live webcast. You can join the meeting by visiting www.virtualshareholdermeeting.com/CBL2024 and entering the 16-digit control number listed on your proxy card. Record Date April 8, 2024 Voting Each share is entitled to one vote on each matter t

View Full Filing

View this DEF 14A filing on SEC EDGAR