---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001180"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:16:36.489068+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-001180
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910612/000095017023001180/0000950170-23-001180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000095017023001180/cbl-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001180
- JSON: https://secwatch.observer/filing/0000950170-23-001180.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001180.txt

## Key facts
- Executive change
  David J. Contis was appointed as Chairman of the Board at CBL & ASSOCIATES PROPERTIES INC.
  - Action: appointed
  - Role: Chairman of the Board
  source text: the Board of Directors appointed the Company’s current Lead Independent Director, David J. Contis, as Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000095017023001180/0000950170-23-001180-index.htm
- Executive change
  Jonathan M. Heller resigned as Chairman of the Board at CBL & ASSOCIATES PROPERTIES INC.
  - Action: resigned
  - Role: Chairman of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000095017023001180/0000950170-23-001180-index.htm

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