Regency Centers Corp Files 8-K on Officer/Director Changes
Ticker: REGCP · Form: 8-K · Filed: Aug 1, 2024 · CIK: 910606
| Field | Detail |
|---|---|
| Company | Regency Centers Corp (REGCP) |
| Form Type | 8-K |
| Filed Date | Aug 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $75,000, $125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, director-changes, executive-compensation, financial-statements
Related Tickers: REG
TL;DR
Regency Centers Corp (REG) filed an 8-K detailing leadership changes and executive compensation updates as of July 31, 2024.
AI Summary
Regency Centers Corporation filed an 8-K on August 1, 2024, reporting changes effective July 31, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the company's leadership and executive compensation structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key personnel and executive compensation can signal internal shifts that may affect future performance or strategy.
Key Players & Entities
- REGENCY CENTERS CORP (company) — Registrant
- 0000950170-24-088974 (filing_id) — Accession Number
- July 31, 2024 (date) — Date of earliest event reported
- August 1, 2024 (date) — Date of Report
FAQ
What specific officer or director positions experienced changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify names or exact roles within this summary.
What is the effective date of these reported changes?
The date of the earliest event reported is July 31, 2024.
What other items are included in this 8-K filing?
In addition to the officer and director information, the filing also includes 'Financial Statements and Exhibits'.
What is Regency Centers Corporation's state of incorporation?
Regency Centers Corporation is incorporated in Florida (FL).
What is the SIC code for Regency Centers Corporation?
The Standard Industrial Classification (SIC) code for Regency Centers Corporation is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 759 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-08-01 08:36:43
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value REG The Nasdaq Stock Mark
- $75,000 — onsisting of an annual cash retainer of $75,000, additional cash retainers for membersh
- $125,000 — ual common stock rights grant valued at $125,000 (based on the Company's stock price at
Filing Documents
- reg-20240731.htm (8-K) — 55KB
- reg-ex99_1.htm (EX-99.1) — 14KB
- img24873041_0.jpg (GRAPHIC) — 157KB
- img39177406_0.jpg (GRAPHIC) — 52KB
- 0000950170-24-088974.txt ( ) — 587KB
- reg-20240731.xsd (EX-101.SCH) — 60KB
- reg-20240731_htm.xml (XML) — 7KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers. On July 31, 2024, the Board of Directors (the "Board") of Regency Centers Corporation (the "Company") voted to (1) increase the number of directors on the Company's Board from eleven (11) to twelve (12), and (2) elect Gary E. Anderson to serve as a director of the Company. Mr. Anderson's term will begin on August 1, 2024 and expire at the Company's 2025 annual meeting of stockholders and until his successor, if any, has been identified. Mr. Anderson will initially serve on the Board's Compensation and Investment committees. The Company has determined that Mr. Anderson is independent of the Company and its management within the meaning of the Nasdaq Stock Market listing standards. Mr. Anderson will participate in the Company's standard compensation program for non-employee directors, consisting of an annual cash retainer of $75,000, additional cash retainers for membership on the Committees on which he serves, and an annual common stock rights grant valued at $125,000 (based on the Company's stock price at the date of grant), which vests on the first anniversary of the grant. Mr. Anderson's compensation will be prorated to reflect his partial year of service from August 1, 2024 until the Company's 2025 annual meeting of shareholders. A description of non-executive director compensation is set forth in the section entitled "Director Compensation" in the Company's proxy statement filed March 20, 2024. There is no arrangement or understanding pursuant to which Mr. Anderson was elected as a director of the Company, and there are no related party transactions involving Mr. Anderson that would require disclosure under Item 404(a) of Regulation S-K. On July 31, 2024, the Company issued a press release, attached as Exhibit 99.1 to this Form 8-K, announcing the appointment of Mr. Anderson to the Company's Board..
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits The following exhibits are furnished herewith: Exhibit 99.1 Press release issued by Regency Centers Corporation on July 31, 2024 . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents) 2
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. REGENCY CENTERS CORPORATION July 31, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary 3