Brixmor Names New CFO, Details Compensation Package

TL;DR

Brixmor gets a new CFO, Steven Stein, starting May 13th with a $500K salary and significant stock awards.

AI Summary

Brixmor Property Group Inc. announced on May 10, 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 is eligible for a discretionary annual bonus. He will also receive a restricted stock award valued at $1,500,000, vesting over three years, and a stock option award with a grant date fair value of $1,000,000, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and execution.

Key Numbers

• $500K — CFO Base Salary (Annual compensation for Steven J. Stein)
• $1.5M — CFO Stock Award (Restricted stock award value for Steven J. Stein)
• $1.0M — CFO Stock Options (Stock option award value for Steven J. Stein)

Key Players & Entities

• Brixmor Property Group Inc. (company) — Filer
• Steven J. Stein (person) — Appointed Chief Financial Officer
• $500,000 (dollar_amount) — Annual base salary for new CFO
• $1,500,000 (dollar_amount) — Value of restricted stock award for new CFO
• $1,000,000 (dollar_amount) — Grant date fair value of stock option award for new CFO
• May 13, 2024 (date) — Effective date for new CFO

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share BRX New York Stock Exchange

Filing Documents

• brx-20240510.htm (8-K) — 34KB
• brx-20240510ex991.htm (EX-99.1) — 14KB
• brixmor_logo.jpg (GRAPHIC) — 213KB
• 0001581068-24-000027.txt ( ) — 503KB
• brx-20240510.xsd (EX-101.SCH) — 3KB
• brx-20240510_def.xml (EX-101.DEF) — 14KB
• brx-20240510_lab.xml (EX-101.LAB) — 26KB
• brx-20240510_pre.xml (EX-101.PRE) — 15KB
• brx-20240510_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On May 10, 2024, the Company issued a press release related to the matter described in Item 5.02 of this Current Report on Form 8-K. A copy of this press release is furnished herewith as Exhibit 99.1. The information in Item 7.01 of this Current Report on Form 8-K and the information contained in Exhibit 99.1 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 99.1 Press release issued May 10, 2024 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: May 10, 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