secwatch.observer — SEC 8-K summary
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Issuer:     SITE Centers Corp. (SITC)
CIK:        0000894315
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001193125-25-308092
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

SITE Centers amends CFO/GC severance to 2.5x for retention during property sale process
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894315/000119312525308092/0001193125-25-308092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894315/000119312525308092/sitc-20251204.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-308092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer