---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-030780"
form_type: "8-K"
ticker: "CBL"
cik: "0000910612"
company_name: "CBL & ASSOCIATES PROPERTIES INC"
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T18:19:19.236099+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CBL Properties announces CFO transition; Farzana Khaleel to step down, Ben Jaenicke to assume role

## Summary
- Farzana Khaleel will step down as EVP-CFO effective Dec 31, 2022; consulting through Mar 31, 2023.
- Benjamin W. Jaenicke joins as EVP-Finance Sept 1, 2022, will become CFO Jan 1, 2023.
- Jaenicke previously Director, Real Estate Investment Banking at Wells Fargo Securities for over a decade.
- Employment agreement: base salary $350K (2022-2023), $400K (2024), 20,000 restricted stock grant.

## SEC filing metadata
- accession: 0001564590-22-030780
- form_type: 8-K
- ticker: CBL
- cik: 0000910612
- company_name: CBL & ASSOCIATES PROPERTIES INC
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910612/000156459022030780/0001564590-22-030780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910612/000156459022030780/cbl-8k_20220901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-030780
- JSON: https://secwatch.observer/filing/0001564590-22-030780.json
- Plain text: https://secwatch.observer/filing/0001564590-22-030780.txt

## Key facts
- Executive change
  Benjamin W. Jaenicke changed role as Executive Vice President – Chief Financial Officer at CBL & ASSOCIATES PROPERTIES INC.
  - Action: will assume the duties of
  - Role: Executive Vice President – Chief Financial Officer
  source text: will assume the duties of Executive Vice President – Chief Financial Officer as of January 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000156459022030780/0001564590-22-030780-index.htm
- Executive change
  Farzana Khaleel departed as Executive Vice President – Chief Financial Officer at CBL & ASSOCIATES PROPERTIES INC.
  - Action: cease to serve
  - Role: Executive Vice President – Chief Financial Officer
  source text: Pursuant to this plan, it is anticipated that Farzana Khaleel will cease to serve as CBL’s Executive Vice President – Chief Financial Officer as of December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000156459022030780/0001564590-22-030780-index.htm
- Executive change
  Benjamin W. Jaenicke was appointed as Executive Vice President – Finance at CBL & ASSOCIATES PROPERTIES INC.
  - Action: appointed
  - Role: Executive Vice President – Finance
  source text: Benjamin W. Jaenicke, who has been appointed Executive Vice President – Finance of CBL effective September 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/910612/000156459022030780/0001564590-22-030780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.