---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-085241"
form_type: "8-K"
ticker: "SITC"
cik: "0000894315"
company_name: "SITE Centers Corp."
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:52:12.141093+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SITE Centers extends CEO David R. Lukes contract to March 2025, details post-spin Curbline pay

## Summary
- New employment agreement with CEO David R. Lukes extends current term to earlier of March 11, 2025 or spin-off completion.
- Post-spin, Lukes moves to Curbline with $50k base salary and $2.7M time-based LTIP unit grant.
- Annual cash incentive targets at Curbline: $500k threshold, $1M target, $2M maximum.
- One-time performance LTIP award target $7.2M, vesting based on TSR and other metrics over ~5 years.
- Severance: 2x ($800k plus avg bonus) for non-CIC; 3x for change-in-control within 2 years.

## SEC filing metadata
- accession: 0000950170-24-085241
- form_type: 8-K
- ticker: SITC
- cik: 0000894315
- company_name: SITE Centers Corp.
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894315/000095017024085241/0000950170-24-085241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894315/000095017024085241/sitc-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-085241
- JSON: https://secwatch.observer/filing/0000950170-24-085241.json
- Plain text: https://secwatch.observer/filing/0000950170-24-085241.txt

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