Kimco Realty Corp. Appoints New COO, Elects Directors

TL;DR

Kimco Realty beefs up leadership with a new COO and two board members.

AI Summary

Kimco Realty Corp. announced on January 20, 2025, the appointment of Conor J. Flynn as Chief Operating Officer and the election of two new directors, David B. Henry and Robert A. Schriesheim, to its Board of Directors. The company also disclosed details regarding compensatory arrangements for certain officers.

Why It Matters

Changes in executive leadership and board composition can signal strategic shifts or governance updates that may impact the company's future performance and direction.

Risk Assessment

Risk Level: low — The filing primarily concerns executive appointments and board changes, which are routine corporate governance events.

Key Players & Entities

• Kimco Realty Corp. (company) — Filer
• Conor J. Flynn (person) — Appointed Chief Operating Officer
• David B. Henry (person) — Elected Director
• Robert A. Schriesheim (person) — Elected Director
• Kimco Realty OP, LLC (company) — Related Entity

FAQ

Key Financial Figures

• $1.00 — Cumulative Redeemable, Preferred Stock, $1.00 par value per share. KIMprL New Yor
• $70,000 — per's annual salary has been reduced to $70,000 with an annual equity grant of $175,000
• $175,000 — $70,000 with an annual equity grant of $175,000. Item 7.01. Regulation FD Disclosure

Filing Documents

• ef20041828_8k.htm (8-K) — 49KB
• ef20041828_ex99-1.htm (EX-99.1) — 25KB
• image00003.jpg (GRAPHIC) — 23KB
• 0001140361-25-001460.txt ( ) — 326KB
• kim-20250120.xsd (EX-101.SCH) — 6KB
• kim-20250120_def.xml (EX-101.DEF) — 21KB
• kim-20250120_lab.xml (EX-101.LAB) — 32KB
• kim-20250120_pre.xml (EX-101.PRE) — 23KB
• ef20041828_8k_htm.xml (XML) — 12KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Directors On January 20, 2025, the Board of Directors (the "Board") of Kimco Realty Corporation (the "Company") increased its size from eight to ten directors and elected Nancy Lashine and Ross Cooper to the Board, effective January 21, 2025. The Board appointed Ms. Lashine to the Board's Audit Committee and Executive Compensation Committee. Ms. Lashine will receive compensation for her Board service consistent with compensation paid to the Company's other independent directors, as previously reported in the Company's definitive proxy statement for its 2024 Annual Meeting of Stockholders. Mr. Ross Cooper, the Company's President and Chief Investment Officer, will not receive additional compensation for his service on the Board. Departure of Executive Chairman and Director On January 20, 2025, Milton Cooper, Executive Chairman of the Company and Kimco Realty OP, LLC ("Kimco OP") and member of the Board, informed the Board that he will not stand for re-election to the Board at the Company's 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting") and will discontinue his service as a director and as Executive Chairman of the Company and Kimco OP at the 2025 Annual Meeting. Mr. Milton Cooper's departure from the Board and as Executive Chairman of the Company and Kimco OP is not the result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. In recognition of Mr. Milton Cooper's leadership and his significant contributions to the Company, the Board has designated him as Chairman Emeritus, effective at the conclusion of his service as a director and as Executive Chairman of the Company and Kimco OP. Effective January 21, 2025, Mr. Milton Cooper's annual salary has been reduced to $70,000 with an annual equity grant of $175,00

01

Item 7.01. Regulation FD Disclosure. Appointment of Chairman of the Board On January 20, 2025, the Board appointed Richard Saltzman, a current member of the Board and Chair of the Audit Committee, to become the non-executive, independent Chairman of the Board, effective at the 2025 Annual Meeting. At that time, the Board will discontinue the role of a Lead Independent Director, effective upon the commencement of Mr. Saltzman's service as Chairman of the Board. On January 21, 2025, Kimco issued a press release announcing the upcoming conclusion of Milton Cooper's service as Executive Chairman of the Company and Kimco OP, the immediate appointment of new directors, and the upcoming appointment of Mr. Saltzman as Chairman of the Board. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 99.1 Press Release, dated January 21, 2025, issued by Kimco Realty Corporation 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. KIMCO REALTY CORPORATION Date: January 21, 2025 By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer KIMCO REALTY OP, LLC By: KIMCO REALTY CORPORATION, its Managing Member Date: January 21, 2025 By: /s/ Glenn G. Cohen Name: Glenn G. Cohen Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR