secwatch.observer — SEC 8-K summary
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Issuer:     SITE Centers Corp. (SITC)
CIK:        0000894315
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001193125-24-220121
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

SITE Centers reduces board from 8 to 5, appoints three new directors ahead of October 1 spin-off
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894315/000119312524220121/0001193125-24-220121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894315/000119312524220121/d863019d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-220121

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