SITE Centers Corp. Files 8-K: Security Holder Rights & Other Events
Ticker: SITC · Form: 8-K · Filed: Aug 20, 2024 · CIK: 894315
Sentiment: neutral
Topics: corporate-events, filing, financial-statements
TL;DR
SITE Centers Corp. filed an 8-K on 8/16 detailing security holder rights changes and other events.
AI Summary
SITE Centers Corp. filed an 8-K on August 20, 2024, reporting material modifications to security holder rights and other events as of August 16, 2024. The filing includes financial statements and exhibits, with the company's principal executive offices located at 3300 Enterprise Parkway, Beachwood, Ohio.
Why It Matters
This filing provides updates on significant corporate actions and financial information for SITE Centers Corp., which could impact investors' understanding of the company's current status and future prospects.
Risk Assessment
Risk Level: low — This is a routine 8-K filing reporting on corporate events and financial statements, not indicating immediate significant financial distress or major strategic shifts.
Key Players & Entities
- SITE Centers Corp. (company) — Registrant
- August 16, 2024 (date) — Earliest event reported
- August 20, 2024 (date) — Filing date
- 3300 Enterprise Parkway, Beachwood, Ohio (location) — Principal executive offices
FAQ
What specific material modifications were made to the rights of security holders?
The filing indicates material modifications to the rights of security holders, but the specific details of these modifications are not elaborated in the provided text snippet.
What are the 'Other Events' reported in this 8-K filing?
The filing mentions 'Other Events' as a reported item, but the specific nature of these events is not detailed in the provided text.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 16, 2024.
What is the principal business address of SITE Centers Corp.?
The principal executive offices of SITE Centers Corp. are located at 3300 Enterprise Parkway, Beachwood, Ohio.
What is the Commission File Number for SITE Centers Corp.?
The Commission File Number for SITE Centers Corp. is 001-11690.
Filing Stats: 670 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-08-20 16:05:07
Key Financial Figures
- $0.10 — h registered Common Shares, Par Value $0.10 Per Share SITC New York Stock Excha
Filing Documents
- sitc-20240816.htm (8-K) — 44KB
- sitc-ex3_1.htm (EX-3.1) — 9KB
- 0000950170-24-099069.txt ( ) — 193KB
- sitc-20240816.xsd (EX-101.SCH) — 42KB
- sitc-20240816_htm.xml (XML) — 6KB
03 Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders. Effective at 5:00 p.m. Eastern Time on August 16, 2024, SITE Centers Corp. (the "Company") amended its Fourth Amended and Restated Articles of Incorporation (the "Amendment") in order to effect the previously announced one-for-four reverse stock split (the "Reverse Stock Split") of the Company's common shares, par value $0.10 per share (the "Common Shares"). On August 19, 2024, the Common Shares began trading on a split-adjusted basis under a new CUSIP number, 82981J 851. The foregoing description of the Amendment is qualified in its entirety by the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01 Other Events
Item 8.01 Other Events. In connection with the Reverse Stock Split, the number of shares registered on applicable registration statements on Form S-3 (File No. 333-279786) and Form S-8 (File Nos. 333-147270, 333-181442 and 333-231319) filed with the Securities and Exchange Commission have been proportionately reduced. Additionally, as a result of the Reverse Stock Split, the Company made mandatory equitable adjustments to (i) the SITE Centers Corp. 2005 Directors' Deferred Compensation Plan (the "Directors' Plan"), (ii) the SITE Centers Corp. 2012 Equity and Incentive Compensation Plan (the "2012 Plan") and (iii) the SITE Centers Corp. 2019 Equity and Incentive Compensation Plan (together with the Directors' Plan and the 2012 Plan, the "Plans"). The Company also made similar adjustments to the Plan balances or outstanding awards issued under the Plans, as applicable, in accordance with the respective terms of the Plans.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 3.1 Certificate of Amendment to the Fourth Amended and Restated Articles of Incorporation of SITE Centers Corp. 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 registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 20, 2024 By: /s/ Aaron M. Kitlowski Executive Vice President, General Counsel and Secretary