secwatch.observer — SEC 8-K summary
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Issuer:     CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK:        0000910612
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001193125-26-054978
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBL approves 2026 exec compensation: base salaries, 3% bonus hike, new LTIP with PSUs
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- New base salaries: CEO $719,442; CFO $404,000; President $428,691; COO $353,500; CLO $406,443.
- 2026 target cash bonuses total $3.5M across NEOs, a 3% increase over 2025 targets.
- LTIP awards: CEO $1.56M (70% PSUs/30% restricted stock); other NEOs $1.29M-$673.5K (60/40).
- PSU performance based 30% on relative TSR vs FTSE NAREIT Retail Index and 70% on absolute TSR (5.5%–18% thresholds).
- Employment agreements updated with extended terms (through 2027/2029) and uniform 24-month health continuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910612/000119312526054978/0001193125-26-054978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910612/000119312526054978/cbl-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-054978

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