Tanger Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: SKT · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 899715

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Tanger Inc., SKT, Executive Compensation

TL;DR

<b>Tanger Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 17, 2024.</b>

AI Summary

TANGER INC. (SKT) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Tanger Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 17, 2024. The company's fiscal year ends on December 31. Tanger Inc. was formerly known as Tanger Factory Outlet Centers, Inc. The filing includes executive compensation data for covered years.

Why It Matters

For investors and stakeholders tracking TANGER INC., this filing contains several important signals. This DEF 14A filing is a standard disclosure for publicly traded companies, providing shareholders with information regarding annual meetings, director nominations, executive compensation, and other corporate governance matters. Shareholders should review this document to understand executive compensation structures, potential changes in board composition, and other proposals that may be voted on at the upcoming shareholder meeting.

Risk Assessment

Risk Level: low — TANGER INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material changes or urgent concerns are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did TANGER INC. file this DEF 14A?

TANGER INC. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by TANGER INC. (SKT).

Where can I read the original DEF 14A filing from TANGER INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TANGER INC..

What are the key takeaways from TANGER INC.'s DEF 14A?

TANGER INC. filed this DEF 14A on April 4, 2024. Key takeaways: Tanger Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the period ending May 17, 2024.. The company's fiscal year ends on December 31..

Is TANGER INC. a risky investment based on this filing?

Based on this DEF 14A, TANGER INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material changes or urgent concerns are being disclosed beyond standard corporate governance information.

What should investors do after reading TANGER INC.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to inform voting decisions. The overall sentiment from this filing is neutral.

How does TANGER INC. compare to its industry peers?

Tanger Inc. operates as a Real Estate Investment Trust (REIT) specializing in outlet centers, a sector within the broader real estate and retail industries.

Are there regulatory concerns for TANGER INC.?

As a publicly traded company, Tanger Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) to ensure transparency and shareholder rights.

Industry Context

Tanger Inc. operates as a Real Estate Investment Trust (REIT) specializing in outlet centers, a sector within the broader real estate and retail industries.

Regulatory Implications

As a publicly traded company, Tanger Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) to ensure transparency and shareholder rights.

What Investors Should Do

  1. Review the executive compensation tables for details on salaries, bonuses, and stock awards for named executive officers.
  2. Examine proposals to be voted on by shareholders, such as director elections and any advisory votes on executive compensation.
  3. Note the dates for the shareholder meeting and the record date for determining shareholders entitled to vote.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure. Specific comparative financial data from previous filings is not detailed within this document excerpt.

Filing Stats: 4,484 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-04-04 08:46:48

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements Certain statements in the Proxy Summary and the Proxy Statement contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and included this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, beliefs and expectations, are generally identifiable by use of the words "anticipate," "believe," "can," "continue," "could," "designed," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would," or similar expressions. Such forward-looking statements include, but are not limited to, risks related to pandemics, supply chain and labor issues and rising interest rates on our business, financial results and financial condition; our ability to raise additional capital, including via future issuances of equity and debt, and the use of proceeds from such issuances; our results of operations and financial condition; capital expenditure and working capital needs and the funding thereof; the repurchase of the Company's common shares, including the potential use of a 10b5-1 plan to facilitate repurchases; future dividend payments; interest rates, the possibility of future asset impairments, development initiatives and strategic partnerships, the anticipated impact of the Company's newly acquired assets in Huntsville and Asheville, as well as its newly opened Nashville development, compliance with debt covenants; renewal and re-lease of leased space; the outlook for the retail environment, potential bankruptcies, a

Executive Compensation

Executive Compensation 36 Compensation Discussion and Analysis 36 Report of the Compensation and Human Capital Committee 57 2023 Summary Compensation Table 58 2023 Grants of Plan-Based Awards 59 Outstanding Equity Awards at Year End 2023 60 Option Exercises and Common Shares Vested in 2023 62 Equity Compensation Plan Information 63 Employment Contracts 63 Potential Payments on Termination or Change of Control 68

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 74 Certain Relationships and Related Party Transactions 76 Ratification of Appointment of Independent Registered Public Accounting Firm 77 Report of the Audit Committee 78 Approval, on an Advisory Basis, of Executive Compensation 80 Say-On-Pay Responsiveness 80 2023 CEO Pay Ratio 81 Pay Versus Performance 82 Other Matters 85 Shareholder Proposals and Nominations for the 2025 Annual Meeting of Shareholders 85 Board Committee Charters, Corporate Governance Guidelines and Code of Business Conduct and Ethics 86 Householding of Proxy Materials 86 Annual Report on Form 10-K 86 Other Business 86 General Information for Annual Meeting of Shareholders 87 Date, Time and Place 87 Attending the Annual Meeting 88 Who Can Vote; Votes Per Share 88 How to Vote 89 Quorum and Voting Requirements 90 Revocation of Proxies 90 Proxy Solicitation 90 Questions and Answers at the Annual Meeting 91 Appendix A - Definitions and Reconciliations of GAAP and Non-GAAP Financial Measures 92 4 Tanger Inc. | 2024 Proxy Statement Table of Contents Performance Highlights 2023 Business Recap 2023 was a transformative year for us, as we continued to grow our portfolio, leverage our platform capabilities to grow value for our stakeholders, and enhance the shopping experience for our customers by implementing placemaking strategies and elevating our retail offerings. Our 2023 financial results reflect our ability to: deliver organic growth driven by strategic leasing and proactive asset management, maximize traffic and shopper engagement through measurable and relevant digital communications and compelling offers in collaboration with our tenants, further intensify our real estate over time including outparcel activation and unlock additional revenue opportunities, and selectively pursue the acquisition and development of additional open-air centers. During 2

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