Delaware
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1-12494
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62-1545718
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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Suite 500, 2030 Hamilton Place Blvd, Chattanooga, TN 37421
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(Address of principal executive office, including zip code)
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(423) 855-0001
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(Registrant's telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report)
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£
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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£
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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£
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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£
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Name
:
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Title
:
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2013 Base Salary:
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Charles B. Lebovitz
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Chairman of the Board
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$628,937
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John N. Foy
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Vice Chairman of the Board
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$558,373
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Stephen D. Lebovitz
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Director, President and Chief Executive Officer
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$556,973
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Augustus N. Stephas
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Executive Vice President and
Chief Operating Officer
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$526,843
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Farzana K. Mitchell
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Executive Vice President - Chief Financial Officer and Treasurer
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$498,623
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•
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have been employed by CBL and/or its affiliates or predecessors for a total of 40 or more years prior to their date of retirement;
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•
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are participating in the CBL group medical insurance plan on the date of their retirement; and
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•
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no longer have a “current employment status” with CBL.
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•
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for an initial period of five (5) years from the date of the Tier III Retiree's retirement, the Tier III Retiree and his or her covered spouse will be entitled to continue to participate in the CBL group medical insurance plan at no cost to the Tier III Retiree and/or his or her covered spouse; and
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•
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the Tier III Retiree and his or her covered spouse will be entitled to continue participation in the CBL group medical insurance plan (as such may be amended, revised or modified from time to time and as available to then-active employees of CBL) following his or her retirement, but with the Tier III Retiree and his or her covered spouse having to pay the full cost for such coverage (i.e., equivalent to the then-prevailing COBRA rate) following the expiration of five (5) years from the date of the Tier III Retiree's retirement.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit
Number
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Description
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10.7.5
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CBL & Associates Properties, Inc. Tier III Post-65 Retiree Program †
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CBL & ASSOCIATES PROPERTIES, INC.
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/s/ Farzana K. Mitchell
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Farzana K. Mitchell
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Executive Vice President - Chief
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Financial Officer and Treasurer
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