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

Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000950170-23-003692
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017023003692/0000950170-23-003692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017023003692/cbl-20230215.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003692

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