8-K - CBL & Associates Properties, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

On February 11, 2026, CBL & Associates Properties, Inc. approved amendments to Executive Employment Agreements for five Named Executive Officers, established the 2026 Annual Incentive Compensation Plan with target bonuses representing a 3% increase over 2025, and approved the 2026 Long Term Incentive Compensation Program consisting of Performance Stock Units and Restricted Stock Awards.

Key Takeaways

1The Compensation Committee approved amendments to Executive Employment Agreements for five NEOs, resetting base salaries (CEO: $719,442) and updating severance and change of control provisions effective February 11, 2026.

2The 2026 Annual Incentive Compensation Plan sets the CEO's target cash bonus at $1,517,578, with NEO target bonus levels reflecting a 3% increase over the 2025 plan.

3The 2026 Long Term Incentive Program grants the CEO a target value of $1,556,500, split between Performance Stock Units (70%) and Restricted Stock Awards (30%).

4Employment agreements were updated to provide for uniform continuation of health insurance benefits for 24 months following termination.

5The 2026 LTIP Performance Stock Units will be earned based on relative Total Stockholder Return (30%) and absolute Total Stockholder Return (70%) over a 3-year performance period.

Current Report Details

Event Type

Management Change

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Effective

Management Change

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Form of Third Amended and Restated Employment Agreement entered into February 11

Exhibits Only

Executive & Director Changes

Stephen D. Lebovitz

Chief Executive Officer

Amended Employment Agreement

Effective: 2026-02-11