---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-022467"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T18:41:05.308074+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CBL & Associates approves 2025 comp plans: 5% bonus target hike, CFO merit award

## Summary
- CEO target cash bonus $1.47M; other NEOs $635k–$349k; all up 5% from 2024 levels.
- CFO Benjamin Jaenicke receives additional $100k merit increase on final 2024 bonus payout.
- 2025 AIP: 70% (CEO)/60% (others) of bonus based on corporate goals (FFO, NOI, leasing, ESG); ESG payout capped at 100%.
- LTIP: performance stock units (weighted on relative & absolute TSR over 3 years) plus time-vesting restricted stock; new discretion for pro-rata vesting on retirement.

## SEC filing metadata
- accession: 0000950170-25-022467
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2025-02-18T23:59:59+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/910612/000095017025022467/0000950170-25-022467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000095017025022467/cbl-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-022467
- JSON: https://secwatch.observer/filing/0000950170-25-022467.json
- Plain text: https://secwatch.observer/filing/0000950170-25-022467.txt

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