CBL clarifies exec employment agreements; COO Reinsmidt salary raised to $350k

CBL & ASSOCIATES PROPERTIES INC

Amendments clarify terms and remove obsolete Chapter 11 references; no substantive changes to compensation or severance.
Severance amounts reaffirmed: CEO target bonus component $953k; CFO $338k; President $313k; COO $300k; CLO $201k.
COO Katie Reinsmidt's annual base salary increased to $350,000 effective January 1, 2024.
Initial term for all NEO agreements runs to April 1, 2024, with automatic 1-year renewals unless 120-day notice given.

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