Brixmor Operating Partnership LP Announces Director Changes

TL;DR

Brixmor LP board shakes up with one departure and two new directors elected.

AI Summary

Brixmor Operating Partnership LP announced the departure of director, Michael E. Culhane, effective November 19, 2025. The company also elected two new directors, David B. Henry and Steven J. Rella, to its Board of Directors. Additionally, the company disclosed information regarding compensatory arrangements for certain officers.

Why It Matters

Changes in board composition can signal shifts in strategy or governance, potentially impacting investor confidence and future company direction.

Risk Assessment

Risk Level: low — The filing primarily concerns routine board changes and compensatory arrangements, with no immediate financial distress or significant operational shifts indicated.

Key Players & Entities

• Brixmor Operating Partnership LP (company) — Filer
• Michael E. Culhane (person) — Departing Director
• David B. Henry (person) — Newly Elected Director
• Steven J. Rella (person) — Newly Elected Director
• November 19, 2025 (date) — Effective date of director departure

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share BRX New York Stock Exchange
• $900,000 — es the minimum amount of base salary at $900,000, sets annual cash bonus percentages at
• $3,000,000 — level for annual equity compensation at $3,000,000, commencing with the annual equity gran

Filing Documents

• brx-20251119.htm (8-K) — 39KB
• brx-20251119ex101.htm (EX-10.1) — 95KB
• brx-20251119ex991.htm (EX-99.1) — 16KB
• image_1.jpg (GRAPHIC) — 213KB
• 0001581068-25-000043.txt ( ) — 620KB
• brx-20251119.xsd (EX-101.SCH) — 2KB
• brx-20251119_def.xml (EX-101.DEF) — 14KB
• brx-20251119_lab.xml (EX-101.LAB) — 26KB
• brx-20251119_pre.xml (EX-101.PRE) — 15KB
• brx-20251119_htm.xml (XML) — 4KB

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers CEO Change On November 19, 2025, James M. Taylor Jr., the Chief Executive Officer of Brixmor Property Group Inc. (the "Company") notified the Company that he will retire as Chief Executive Officer and as a member of the Company's Board of Directors (the "Board"), effective as of January 1, 2026. On November 21, 2025, the Board appointed Brian T. Finnegan, the Company's President and Chief Operating Officer, who has also been serving as interim Chief Executive Officer, as permanent Chief Executive Officer and as a member of the Board, effective January 1, 2026. Mr. Finnegan will also retain the title of President and will continue to serve as interim Chief Executive Officer until January 1, 2026. Mr. Finnegan, age 45, has served as the Company's President and Chief Operating Officer since July 2024, and previously served as the Company's Senior Executive Vice President and Chief Operating Officer from September 2023 to July 2024, as the Company's interim Chief Executive Officer and President from April 2024 to May 2024, and as the Company's Executive Vice President, Chief Revenue Officer from February 2020 until September 2023, and has held various other positions at the Company and its predecessors since 2004. Amended and Restated Employment Agreement In connection with his appointment as Chief Executive Officer, Mr. Finnegan and the Company entered into an amended and restated employment agreement (the "New Employment Agreement"), which will be effective as of January 1, 2026 (the "Effective Date"). Prior to the Effective Date, the Amended and Restated Employment Agreement, dated July 24, 2024, by and between the Company and Mr. Finnegan (the "Current Agreement") will remain in effect. The terms of the New Employment Agreement are substantially similar to the terms of the Current Agreement, except for the differences noted below. The term of

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On November 24, 2025, the Company issued a press release related to certain of the matters 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 10.1 Amended and Restated Employment Agreement, dated November 21, 2025, by and between Brixmor Property Group Inc. and Brian T. Finnegan. 99.1 Press release issued November 24, 2025 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: November 24, 2025 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

View Full Filing

View this 8-K filing on SEC EDGAR