8-K
filed October 1, 2024, 7:59 PM ET
ticker CURB
CIK 0002027317
other material
confidence high
sentiment neutral
materiality 0.90
Curbline Properties completes spin-off from SITE Centers; begins trading on NYSE as CURB
Curbline Properties Corp.
- Effective Oct 1, 2024, SITE Centers distributed 2 CURB shares for each SITE share held as of Sept 23, 2024.
- Curbline received $800M cash at separation and entered a $500M credit facility ($400M revolver + $100M term loan) expandable to $750M.
- Shared Services Agreement: 2% of gross revenue fee; SITE Centers bears $34.4M redevelopment costs; termination fee of $12M if SITE exits after year two.
- Curbline to elect REIT status for 2024; SITE Centers covenants to maintain its REIT status.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Alexander Otto was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Linda B. Abraham, Terrance R. Ahern, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Terrance R. Ahern was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Linda B. Abraham, Terrance R. Ahern, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Linda B. Abraham was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Linda B. Abraham, Terrance R. Ahern, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Barry A. Sholem was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Linda B. Abraham, Terrance R. Ahern, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem as members of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jane E. DeFlorio was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Jane E. DeFlorio as a member of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Victor B. MacFarlane was elected as Member of the Board at Curbline Properties Corp..
- Action
- elected
- Role
- Member of the Board
Exact text from the filing
elected Linda B. Abraham, Terrance R. Ahern, Victor B. MacFarlane, Alexander Otto and Barry A. Sholem as members of the Board
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.