---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000026"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:14:36.873240+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-000026
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/0000950170-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/cbl-20221231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000026
- JSON: https://secwatch.observer/filing/0000950170-23-000026.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000026.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/0000950170-23-000026-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/0000950170-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.