Regency Centers Appoints New CEO and Board Member

TL;DR

Regency Centers has a new CEO, Lisa Palmer, effective Nov 6. Marty Cicco joins the board.

AI Summary

Regency Centers Corp. announced on November 6, 2024, the appointment of Lisa M. Palmer as Chief Executive Officer, effective immediately. Palmer, who has been with the company since 2004 and previously served as President and Chief Executive Officer, will also continue as Chair of the Board of Directors. The company also announced the appointment of Martin E. "Marty" Cicco as a new independent director to the Board.

Why It Matters

This filing indicates a leadership transition at the CEO level for Regency Centers, which could impact the company's strategic direction and operational execution.

Risk Assessment

Risk Level: low — The filing details routine executive and board appointments, which are common corporate governance events.

Key Players & Entities

• Regency Centers Corp. (company) — Filing company
• Lisa M. Palmer (person) — Appointed Chief Executive Officer and Chair of the Board
• Martin E. "Marty" Cicco (person) — Appointed as a new independent director
• 2004 (date) — Year Lisa Palmer joined the company
• November 6, 2024 (date) — Effective date of CEO appointment

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value REG The Nasdaq Stock Mark

Filing Documents

• reg-20241106.htm (8-K) — 69KB
• reg-ex10_1.htm (EX-10.1) — 38KB
• img39201343_0.jpg (GRAPHIC) — 3KB
• 0000950170-24-123938.txt ( ) — 299KB
• reg-20241106.xsd (EX-101.SCH) — 60KB
• reg-20241106_htm.xml (XML) — 10KB

02(e)

Item 5.02(e) Compensatory Arrangement of Certain Officers Severance and Change of Control Agreements On January 5, 2022, Regency Centers Corporation (the "Company") and Regency Centers, L.P. (the "Partnership") entered into a Severance and Change of Control Agreement, dated as of January 1, 2022 (the "Agreement"), with Lisa Palmer, President and Chief Executive Officer of the Company and the Partnership. A Form 8-K filing was made on January 5, 2022 which contained a summary of the Agreement and the form of the Agreement included as an exhibit thereto. Capitalized but undefined terms referenced herein are used with the definitions set forth in the Agreement. On November 6, 2024, the Company and Ms. Palmer entered into an amendment to the Agreement (the "Amendment"), whereby the amount of cash severance payable in respect of certain specified employment termination events has been modified. Pursuant to the Amendment, if Ms. Palmer is terminated without Cause or terminates her employment for Good Reason, in either case absent a Change of Control or outside the Change of Control Period, then Ms. Palmer will receive a cash lump sum payment equal to the sum of (i) twenty four (24) months of base salary, (ii) 200% of her average annual cash bonus, if any, paid with respect to the three full calendar years prior to termination of employment and (iii) the replacement cost of twenty four (24) months of medical benefits, calculated as if Ms. Palmer elected COBRA continuation coverage. In addition, pursuant to the Amendment, if, during the Change of Control Period, Ms. Palmer is terminated without Cause or terminates her employment for Good Reason, then Ms. Palmer will receive a cash lump sum payment equal to the sum of (i) thirty six (36) months of base salary, (ii) 300% of her average annual cash bonus, if any, paid with respect to the three full calendar years prior to termination of employment, (iii) the replacement cost of thirty six (36) months of medical benef

Financial Statements and Exhibits

Financial Statements and Exhibits Exhibit 10.1 Amendment to Severance and Change of Control Agreement, dated as of November 6, 2024, among Regency Centers Corporation, Regency Centers, L.P. and Lisa Palmer 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 November 8, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary REGENCY CENTERS, L.P. By: Regency Centers Corporation, its general partner November 8, 2024 By: /s/ Michael R. Herman Michael R. Herman, Senior Vice President General Counsel and Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR