CBL & ASSOCIATES PROPERTIES INC (Form: 8-K, Received: 05/11/2023 09:43:36)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 09, 2023

CBL & ASSOCIATES PROPERTIES, INC.

(Exact name of Registrant as Specified in Its Charter)


Delaware	1-12494	62-1545718
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2030 Hamilton Place Blvd., Suite 500
Chattanooga, Tennessee		37421-6000
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: 423 855-0001

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value, with associated Stock Purchase Rights	CBL	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Pursuant to the approval of the Company’s Board of Directors and effective May 9, 2023, CBL & Associates Properties, Inc. (the “Company”) promoted Katie A. Reinsmidt to the position of Executive Vice President – Chief Operating Officer. She also will continue to serve in her current capacity as Chairperson of the Company’s Benefits Committee and Executive Sponsor for the Company’s diversity, equity, inclusion and belonging (“DEIB”) council, CBL Community.

Additional information concerning Katie A. Reinsmidt is incorporated herein by reference from the section entitled “Election of Directors – Additional Executive Officers” in the Company’s Proxy Statement for its 2023 Annual Meeting of Stockholders, filed with the SEC on April 24, 2023.

Item 7.01 Regulation FD Disclosure.

On May 11, 2023, the Company issued a press release announcing Ms. Reinsmidt’s promotion to Executive Vice President – Chief Operating Officer, a copy of which is furnished as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

Exhibits


Exhibit Number		Description
99.1		Press Release – CBL Properties Names Katie Reinsmidt COO and Announces Other Key Executive Promotions.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			CBL & ASSOCIATES PROPERTIES, INC.

Date:	May 11, 2023	By:	/s/ Jeffery V. Curry
			Jeffery V. Curry Chief Legal Officer and Secretary

Exhibit 99.1

News Release
 

Investor Contact: Katie Reinsmidt, Executive Vice President & Chief Operating Officer, 423.490.8301, Katie.Reinsmidt@cblproperties.com

Media Contact: Stacey Keating, Vice President – Corporate Communications, 423.490.8361, Stacey.Keating@cblproperties.com

CBL PROPERTIES NAMES KATIE REINSMIDT COO AND ANNOUNCES

OTHER KEY EXECUTIVE PROMOTIONS

Jennifer Cope and Joseph Khalili Promoted to EVP

CHATTANOOGA, Tenn. (May 11, 2023) – CBL Properties (NYSE:CBL) today announced the promotion of three executive leaders: Katie Reinsmidt was promoted to Executive Vice President – Chief Operating Officer, Jennifer Cope to Executive Vice President – Operations Services & Risk Management and Joseph Khalili to Executive Vice President – Financial Planning & Analysis.

In the newly created position of EVP-COO, Katie Reinsmidt will oversee the operations of the Company’s portfolio, driving strategic growth initiatives, enhanced analytics, financial performance and operating efficiencies. In addition, Reinsmidt will continue to provide oversight of CBL’s Investor Relations, Environment, Social and Governance and Corporate Communications programs.

“Katie has been an invaluable strategic partner to me and a key member of our leadership team over the years as we have worked to navigate challenges and execute our vision for CBL,” said Stephen D. Lebovitz, CBL’s chief executive officer. “Her breadth of experience and deep knowledge of the organization provides for a natural transition into this role, where I am confident she will make an even more impactful contribution to CBL.”

Lebovitz added, “I am also thrilled to recognize the strength of the CBL team and the significant achievements and growth that Jennifer and Joseph have accomplished over their careers at CBL with their promotions. They both share a passion for executing CBL’s strategic goals at the highest level. As we sharpen our focus on identifying and executing new growth initiatives both internally and externally, I am confident that their leadership and drive will be integral to our future success.”

Reinsmidt joined CBL in 2004 as Director – Investor Relations and since that time advanced through the organization, most recently serving as Executive Vice President – Chief Investment Officer. Prior to joining CBL, she served as associate analyst at A.G. Edwards & Sons at its corporate headquarters in St. Louis, MO, where she provided research coverage for retail, healthcare and lodging REITs.

Cope joined CBL in 2001 as a Junior Analyst in Financial Services and has served various roles supporting CBL’s insurance and risk management programs, technology, JV relations and loan closings. She transitioned to CBL’s business transformation team in March 2014 and was promoted to Vice President in February 2015 to lead CBL’s Shared Services and Operations Services divisions. She was promoted to Senior Vice President in 2021.

Khalili joined CBL in 2012 as a Portfolio Accountant focused on Third Party Managed properties and in 2014 was promoted to Acquisitions Analyst. In 2016, he assumed the role of Director – Financial Planning and Analysis. In 2019, he was appointed Vice President to lead CBL’s financial planning and budgeting teams and in 2021, promoted to Senior Vice President. Prior to joining CBL, he spent seven years with General Growth Properties.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 94 properties totaling 58.5 million square feet across 22 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

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