Brixmor Names New CFO, Elects Directors

TL;DR

Brixmor gets a new CFO, Stein, starting May 13th with a $500k salary; Carroll out, two new directors in.

AI Summary

Brixmor Property Group Inc. announced on April 25, 2024, the appointment of Steven J. Stein as Chief Financial Officer, effective May 13, 2024. Stein will receive an annual base salary of $500,000 and will be eligible for a discretionary annual bonus. The company also disclosed the departure of its previous CFO, Michael J. Carroll, and announced the election of two new directors, Jennifer F. Roberts and David J. Shiffman, to its Board of Directors.

Why It Matters

The appointment of a new CFO and the addition of new directors can signal strategic shifts or a focus on financial oversight and governance for Brixmor Property Group.

Risk Assessment

Risk Level: medium — Changes in key executive positions and board composition can indicate internal shifts that may impact future company performance and strategy.

Key Numbers

• $500,000 — CFO Annual Salary (Steven J. Stein's base compensation)

Key Players & Entities

• Brixmor Property Group Inc. (company) — Filer
• Steven J. Stein (person) — Appointed Chief Financial Officer
• Michael J. Carroll (person) — Departing Chief Financial Officer
• Jennifer F. Roberts (person) — Elected Director
• David J. Shiffman (person) — Elected Director
• $500,000 (dollar_amount) — Steven J. Stein's annual base salary

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share BRX New York Stock Exchange
• $0.2725 — s declared a quarterly cash dividend of $0.2725 per common share (equivalent to $1.09 p
• $1.09 — $0.2725 per common share (equivalent to $1.09 per annum) for the second quarter of 20

Filing Documents

• brx-20240425.htm (8-K) — 55KB
• brx-20240425ex101.htm (EX-10.1) — 11KB
• 0001581068-24-000025.txt ( ) — 227KB
• brx-20240425.xsd (EX-101.SCH) — 3KB
• brx-20240425_def.xml (EX-101.DEF) — 14KB
• brx-20240425_lab.xml (EX-101.LAB) — 26KB
• brx-20240425_pre.xml (EX-101.PRE) — 15KB
• brx-20240425_htm.xml (XML) — 4KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders On April 25, 2024, the Company held its annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, stockholders voted on the matters disclosed in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 14, 2024 (the "Proxy Statement"). The final voting results for the matters submitted to a vote of stockholders were as follows:

- Election of Directors

Item 1 - Election of Directors At the Annual Meeting, the Company's stockholders elected the eight persons listed below as directors to serve until the Company's 2025 annual meeting of stockholders or until their respective successors are duly elected and qualified: Votes Cast For Votes Cast Against Abstentions Broker Non-Votes James M. Taylor Jr. 275,007,102 280,298 125,471 4,903,331 Sheryl M. Crosland 273,313,889 1,970,527 128,453 4,903,333 Michael Berman 268,700,032 6,582,706 130,130 4,903,334 Julie Bowerman 274,537,032 747,969 127,867 4,903,334 Thomas W. Dickson 274,970,083 312,105 130,684 4,903,330 Daniel B. Hurwitz 274,974,876 307,340 130,654 4,903,332 Sandra A. J. Lawrence 271,995,980 3,289,552 127,338 4,903,332 William D. Rahm 271,242,573 4,039,807 130,488 4,903,334 John Peter Suarez 275,198,917 82,017 131,940 4,903,328

- Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm

Item 2 - Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm The Company's stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024. Votes Cast For Votes Cast Against Abstentions Broker Non-Votes 278,684,114 1,506,524 125,564 0

- Non-Binding Vote on Executive Compensation

Item 3 - Non-Binding Vote on Executive Compensation The Company's stockholders approved, on a non-binding advisory basis, a resolution to approve the compensation paid to the Company's named executive officers as disclosed in the Proxy Statement. Votes Cast For Votes Cast Against Abstentions Broker Non-Votes 265,815,844 9,398,010 199,015 4,903,333

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure The Company's Board of Directors declared a quarterly cash dividend of $0.2725 per common share (equivalent to $1.09 per annum) for the second quarter of 2024. The dividend is payable on July 15, 2024 to stockholders of record on July 2, 2024, representing an ex-dividend date of July 2, 2024. The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, whether made before or after the date hereof, regardless of any general incorporation language in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) The following exhibits are attached to this Current Report on Form 8-K 10.1 Letter Agreement, dated April 30, 2024, by and between Brixmor Property Group Inc. and Steven T. Gallagher 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. Date: April 30, 2024 BRIXMOR PROPERTY GROUP INC. By: /s/ Steven F. Siegel Name: Steven F. Siegel Title: Executive Vice President, General Counsel and Secretary BRIXMOR OPERATING PARTNERSHIP LP By: Brixmor OP GP LLC, its general partner By: BPG Subsidiary LLC, its sole member By: /s/ Steven F. Siegel Name: Steven F. Siegel Title: Executive Vice President, General Counsel and Secretary