CBL Properties Chairman Jonathan Heller resigns; David Contis appointed as new Chairman

CBL & ASSOCIATES PROPERTIES INC

Jonathan Heller resigned as Chairman effective January 25, 2023, to focus on building his investment firm Helix Partners.
David Contis, former Lead Independent Director, appointed non-executive Chairman; Lead Independent Director role eliminated.
Heller's resignation not due to any disagreement; 5,655 restricted shares vest immediately, 3,393 forfeited.
Board size reduced from nine to eight directors following Heller's departure.
Company notes strong financial position post-restructuring: low leverage, robust cash, healthy free cash flow.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

David J. Contis

Chairman of the Board

CBL · CBL & ASSOCIATES PROPERTIES INC

Effective: 2023-01-25
Filed: January 25, 2023, 6:59 PM ET

the Board of Directors appointed the Company’s current Lead Independent Director, David J. Contis, as Chairman of the Board

Departed

Jonathan M. Heller

Chairman of the Board

CBL · CBL & ASSOCIATES PROPERTIES INC

Effective: 2023-01-25
Successor: David J. Contis
Filed: January 25, 2023, 6:59 PM ET

On January 25, 2023, Jonathan M. Heller provided notice of his resignation as a member of the Board of Directors (the “Board”) of CBL & Associates Properties, Inc. (the “Company”), effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David J. Contis was appointed as Chairman of the Board at CBL & ASSOCIATES PROPERTIES INC.

Action: appointed
Role: Chairman of the Board

Exact text from the filing

the Board of Directors appointed the Company’s current Lead Independent Director, David J. Contis, as Chairman of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan M. Heller resigned as Chairman of the Board at CBL & ASSOCIATES PROPERTIES INC.

Action: resigned
Role: Chairman of the Board

Exact text from the filing

On January 25, 2023, Jonathan M. Heller provided notice of his resignation as a member of the Board of Directors (the “Board”) of CBL & Associates Properties, Inc. (the “Company”), effective immediately.

View on SEC.gov

CBL & ASSOCIATES PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0000950170-23-001180

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