SITE Centers Corp. Files 8-K
Ticker: SITC · Form: 8-K · Filed: Oct 24, 2024 · CIK: 894315
Sentiment: neutral
Topics: corporate-action, address-change
TL;DR
SITE Centers Corp. moved its HQ to Beachwood, OH. No major financial news.
AI Summary
On October 24, 2024, SITE Centers Corp. filed an 8-K report. The filing indicates a change in the company's principal executive offices to 3300 Enterprise Parkway, Beachwood, Ohio 44122. This is a routine filing for the real estate investment trust.
Why It Matters
This filing signifies a change in the company's operational headquarters, which could be relevant for investors and business partners tracking the company's physical presence and administrative structure.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a change in address, with no indication of significant financial or operational changes.
Key Numbers
- 1-11690 — Commission File Number (Identifies the company's SEC filing history.)
- 34-1723097 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SITE Centers Corp. (company) — Registrant
- 3300 Enterprise Parkway (location) — New Principal Executive Offices
- Beachwood, Ohio (location) — City and State of New Principal Executive Offices
- 44122 (location) — ZIP Code of New Principal Executive Offices
- DDR CORP (company) — Former Company Name
- DEVELOPERS DIVERSIFIED REALTY CORP (company) — Former Company Name
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in the company's principal executive offices.
What is the new address for SITE Centers Corp.'s principal executive offices?
The new address for SITE Centers Corp.'s principal executive offices is 3300 Enterprise Parkway, Beachwood, Ohio 44122.
When was this report filed with the SEC?
This report was filed with the SEC on October 24, 2024.
Has SITE Centers Corp. had previous names?
Yes, SITE Centers Corp. was formerly known as DDR CORP and DEVELOPERS DIVERSIFIED REALTY CORP.
What is the state of incorporation for SITE Centers Corp.?
SITE Centers Corp. is incorporated in Ohio.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-10-24 16:05:07
Key Financial Figures
- $0.10 — h registered Common Shares, Par Value $0.10 Per Share SITC New York Stock Excha
- $503.6302 — ll be redeemed at a redemption price of $503.6302 per Class A Preferred Share or $25.1815
- $25.1815 — 503.6302 per Class A Preferred Share or $25.1815 per Depositary Share (the "Redemption P
- $500.00 — "Redemption Price") ( i.e. , the sum of $500.00 per Class A Preferred Share plus accrue
- $3.6302 — re plus accrued and unpaid dividends of $3.6302 per Class A Preferred Share to the Rede
- $25.00 — eferred Share to the Redemption Date or $25.00 per Depositary Share plus accrued and u
- $0.1815 — re plus accrued and unpaid dividends of $0.1815 per Depositary Share to the Redemption
- $6.1 million — cts to record a charge of approximately $6.1 million to net income attributable to common sh
Filing Documents
- sitc-20241024.htm (8-K) — 43KB
- 0000950170-24-117045.txt ( ) — 183KB
- sitc-20241024.xsd (EX-101.SCH) — 44KB
- sitc-20241024_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. SITE Centers Corp. (the "Company") has provided notice of its intent to redeem all of its outstanding 6.375% Class A Cumulative Redeemable Preferred Shares, without par value (the "Class A Preferred Shares"), and the related depositary shares, each representing 1/20th of one Class A Preferred Share (NYSE: SITC PRA - CUSIP No.: 82981J 877) (the "Depositary Shares"). Pursuant to the provisions of the Company's Fourth Amended and Restated Articles of Incorporation, the Company is undertaking actions to redeem all of the 350,000 outstanding Class A Preferred Shares, represented by 7,000,000 Depositary Shares, on or about November 26, 2024 (the "Redemption Date"). The Class A Preferred Shares and corresponding Depositary Shares will be redeemed at a redemption price of $503.6302 per Class A Preferred Share or $25.1815 per Depositary Share (the "Redemption Price") ( i.e. , the sum of $500.00 per Class A Preferred Share plus accrued and unpaid dividends of $3.6302 per Class A Preferred Share to the Redemption Date or $25.00 per Depositary Share plus accrued and unpaid dividends of $0.1815 per Depositary Share to the Redemption Date). Payment of the Redemption Price shall be made on or after November 26, 2024 as soon as practicable after presentation and surrender of receipts evidencing Depositary Shares to Computershare Shareowner Services LLC at one of the following addresses: By Mail: Attn: Corporations Actions P.O. Box 43014 Providence, RI 02940-3014 By Overnight Delivery: Attn: Corporate Actions 150 Royall Street, Suite 101 Canton, MA 02021 Holders who hold their Depositary Shares in book-entry form will be issued checks automatically and are not required to present and surrender receipts evidencing Depositary Shares. On and after the Redemption Date, the Class A Preferred Shares and corresponding Depositary Shares that are redeemed shall no longer be deemed to be outstanding and all rights with respect to such shares s
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. SITE Centers Corp. Date: October 24, 2024 By: /s/ Aaron M. Kitlowski Name: Title: Aaron M. Kitlowski Executive Vice President, General Counsel and Secretary