---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056464"
form_type: "8-K"
ticker: "SPG"
cik: "0001063761"
company_name: "SIMON PROPERTY GROUP INC."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:44:01.878106+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Simon Property Group shareholders reject say-on-pay proposal at 2023 annual meeting

## Summary
- Advisory vote on executive compensation failed: 225.5M against (89%) vs 28.0M for, 0.9M abstain.
- All nine director nominees elected; Reuben S. Leibowitz received the most dissent with 118.2M against.
- Shareholders voted 247.9M (98%) for annual say-on-pay; board adopted one-year frequency.
- Auditor ratification passed with 267.8M for (96%) vs 11.9M against.

## SEC filing metadata
- accession: 0001104659-23-056464
- form_type: 8-K
- ticker: SPG
- cik: 0001063761
- company_name: SIMON PROPERTY GROUP INC.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/0001104659-23-056464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/tm2314743d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056464
- JSON: https://secwatch.observer/filing/0001104659-23-056464.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056464.txt

## Key facts
- Shareholder Votes
  SIMON PROPERTY GROUP INC. shareholders approved Advisory Vote to Approve the Compensation of our Named Executive Officers at the 2023-05-04 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: Proposal 2 - Advisory Vote to Approve the Compensation of our Named Executive Officers BROKER FOR AGAINST ABSTAIN NON-VOTE 28,035,146 225,451,008 877,840 25,531,954
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/0001104659-23-056464-index.htm
- Shareholder Votes
  SIMON PROPERTY GROUP INC. shareholders approved Election of Directors at the 2023-05-04 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: Proposal 1 - Election of Directors FOR AGAINST ABSTAIN BROKER NON-VOTE Glyn F. Aeppel 198,066,720 55,618,138 679,136 25,531,954 Larry C. Glasscock 189,697,616 63,980,648 685,730 25,531,954 Allan Hubbard 153,628,661 99,386,894 1,348,439 25,531,954 Reuben S. Leibowitz 135,490,384 118,188,101 685,509 25,531,954 Randall J. Lewis 252,516,428 1,159,866 687,700 25,531,954 Gary M. Rodkin 197,101,410 56,577,875 684,709 25,531,954 Peggy Fang Roe 197,924,606 55,763,440 675,948 25,531,954 Stefan M. Selig 241,554,357 12,126,391 683,246 25,531,954 Daniel C. Smith, Ph.D. 235,699,152 17,982,002 682,840 25,531,954 Marta R. Stewart 251,603,998 2,069,597 690,399 25,531,954
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/0001104659-23-056464-index.htm
- Shareholder Votes
  SIMON PROPERTY GROUP INC. shareholders approved Advisory Vote to Approve the Frequency of Executive Compensation Advisory Votes at the 2023-05-04 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: Proposal 4 - Advisory Vote to Approve the Frequency of Executive Compensation Advisory Votes BROKER 1 Year 2 Years 3 Years ABSTAIN NON-VOTE 247,864,380 379,718 5,348,709 771,187 25,531,954
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/0001104659-23-056464-index.htm
- Shareholder Votes
  SIMON PROPERTY GROUP INC. shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-04 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-04
  source text: Proposal 3 - Ratification of Independent Registered Public Accounting Firm FOR AGAINST ABSTAIN 267,761,410 11,881,645 252,893
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063761/000110465923056464/0001104659-23-056464-index.htm

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