secwatch.observer — SEC 8-K summary
======================================

Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0000950170-23-000026
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/0000950170-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017023000026/cbl-20221231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer