---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003692"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T06:04:57.584662+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CBL & Associates Properties sets 2023 executive compensation plans with 5% bonus increase

## Summary
- Compensation Committee approved 2023 Annual Incentive Plan with target cash bonuses up 5% from 2022.
- CEO Stephen D. Lebovitz target cash bonus $1,050,683; CFO Benjamin W. Jaenicke $338,000.
- 2023 Long Term Incentive Plan includes PSUs (60% of award) and restricted stock (40%); CEO target value $1.86M.
- CFO Jaenicke's employment agreement amended: equity targets set at $699K restricted stock and $838.8K PSUs.
- Performance metrics include FFO, NOI, TSR vs. FTSE NAREIT Retail Index, and absolute TSR.

## SEC filing metadata
- accession: 0000950170-23-003692
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910612/000095017023003692/0000950170-23-003692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000095017023003692/cbl-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003692
- JSON: https://secwatch.observer/filing/0000950170-23-003692.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003692.txt

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