other material
confidence high
sentiment neutral
materiality 0.50
SITE Centers amends CFO/GC severance to 2.5x for retention during property sale process
SITE Centers Corp.
- Amendments to employment agreements with CFO Gerald R. Morgan and GC Aaron M. Kitlowski executed Dec 4, 2025.
- Severance after Change in Control changed to 2.5 times (base salary + 3-year avg annual incentive) from fixed $600K/$1.5M.
- Amendments aim to incentivize retention during company's sale of remaining wholly-owned properties and JV monetization.
- Other conforming/descriptive changes made to agreements.