secwatch.observer — SEC 8-K summary
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Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950170-25-022467
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000095017025022467/0000950170-25-022467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000095017025022467/cbl-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022467

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