8-K
filed September 17, 2024, 7:59 PM ET
ticker SITC
CIK 0000894315
leadership
confidence high
sentiment neutral
materiality 0.50
SITE Centers reduces board from 8 to 5, appoints three new directors ahead of October 1 spin-off
SITE Centers Corp.
- Board size reduced from 8 to 5; six directors resign effective day before spin-off (Antecedent Date).
- Resigning directors: Abraham, Ahern, DeFlorio, MacFarlane, Otto, Sholem; no disagreements cited.
- David Lukes and Dawn Sweeney remain; new directors Boston, Cattonar, Curry appointed effective Antecedent Date.
- Cattonar is party to pre-existing employment agreement with SITE and Curbline; no director compensation while executive.
- Post-spin-off director comp includes $60k annual retainer, $300k RSU grant vesting over 3 years, plus committee fees.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jane E. DeFlorio resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Terrance R. Ahern resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Barry A. Sholem resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John M. Cattonar was appointed as Director at SITE Centers Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed the following directors to fill the vacancies on the Board caused by the resignations of the Resigning Directors (taking into account the reduction in Board size referred to above), in each case, effective on the Antecedent Date: Gary N. Boston, John M. Cattonar and Cynthia Foster Curry (collectively, the “ New Directors ”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Alexander Otto resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Cynthia Foster Curry was appointed as Director at SITE Centers Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed the following directors to fill the vacancies on the Board caused by the resignations of the Resigning Directors (taking into account the reduction in Board size referred to above), in each case, effective on the Antecedent Date: Gary N. Boston, John M. Cattonar and Cynthia Foster Curry (collectively, the “ New Directors ”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Linda B. Abraham resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Victor B. MacFarlane resigned as Director at SITE Centers Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 11, 2024, Linda B. Abraham, Terrance R. Ahern, Jane E. DeFlorio, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem (collectively, the “ Resigning Directors ”) informed the Company of their intentions to resign from the Board, effective on the Antecedent Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gary N. Boston was appointed as Director at SITE Centers Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed the following directors to fill the vacancies on the Board caused by the resignations of the Resigning Directors (taking into account the reduction in Board size referred to above), in each case, effective on the Antecedent Date: Gary N. Boston, John M. Cattonar and Cynthia Foster Curry (collectively, the “ New Directors ”).
View on SEC.gov
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