CBL & Associates CFO transition complete; Khaleel out, Jaenicke in as CFO

CBL & ASSOCIATES PROPERTIES INC

Farzana Khaleel ceased as EVP-CFO and Treasurer Dec 31, 2022; Benjamin W. Jaenicke assumed CFO role Jan 1, 2023.
Khaleel receives consulting fee of $225,000 for initial 3-month term plus $150,000 incentive; similar for extended term to June 30, 2023.
Khaleel also receives severance of $1,671,584, 18 months' health benefits, and vesting of 22,500 restricted shares.
Jaenicke's compensation and employment terms were previously disclosed in the Sept 1, 2022 8-K.

item 5.02 item 9.01

Executive movements

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Appointed

Benjamin W. Jaenicke

Executive Vice President – Chief Financial Officer and Treasurer

CBL · CBL & ASSOCIATES PROPERTIES INC

Effective: 2023-01-01
Filed: January 3, 2023, 6:59 PM ET

Benjamin W. Jaenicke, who originally was appointed Executive Vice President – Finance of CBL effective September 1, 2022, assumed the duties of Executive Vice President – Chief Financial Officer and Treasurer of the Company, effective January 1, 2023.

Departed

Farzana Khaleel

Executive Vice President – Chief Financial Officer and Treasurer

CBL · CBL & ASSOCIATES PROPERTIES INC

Effective: 2022-12-31
Successor: Benjamin W. Jaenicke
Filed: January 3, 2023, 6:59 PM ET

effective as of 11:59 p.m. Eastern Time on December 31, 2022, Farzana Khaleel, ceased to serve as Executive Vice President – Chief Financial Officer and Treasurer of CBL.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin W. Jaenicke was appointed as Executive Vice President – Chief Financial Officer and Treasurer at CBL & ASSOCIATES PROPERTIES INC.

Action: assumed duties
Role: Executive Vice President – Chief Financial Officer and Treasurer

Exact text from the filing

Benjamin W. Jaenicke, who originally was appointed Executive Vice President – Finance of CBL effective September 1, 2022, assumed the duties of Executive Vice President – Chief Financial Officer and Treasurer of the Company, effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Farzana Khaleel departed as Executive Vice President – Chief Financial Officer and Treasurer at CBL & ASSOCIATES PROPERTIES INC.

Action: ceased
Role: Executive Vice President – Chief Financial Officer and Treasurer

Exact text from the filing

effective as of 11:59 p.m. Eastern Time on December 31, 2022, Farzana Khaleel, ceased to serve as Executive Vice President – Chief Financial Officer and Treasurer of CBL.

View on SEC.gov

CBL & ASSOCIATES PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0000950170-23-000026

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