CBL & Associates Properties Reports Shareholder Votes

CBL & Associates Properties Inc. (NYSE:CBL) announced the results of its recent shareholder meeting held on May 22, 2025. The company, a real estate investment trust specializing in shopping centers and malls, disclosed the outcomes of the voting on several key issues in its latest 8-K filing with the SEC.

During the annual meeting, shareholders elected seven directors to the board, each to serve a one-year term. Stephen D. Lebovitz, Marjorie L. Bowen, David J. Contis, David M. Fields, Robert G. Gifford, Jeffery Kivitz, and Michael A. Torres were the nominees who received the majority of votes cast, with varying numbers of votes withheld and broker non-votes for each nominee. InvestingPro analysis reveals that management has been actively engaging in share buybacks, demonstrating confidence in the company’s direction.

Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accountants for the fiscal year ending December 31, 2025. The decision was nearly unanimous, with 26,232,272 votes in favor, 309,118 against, and 13,052 abstentions.

Furthermore, the company’s executive compensation program for its named executive officers was approved on an advisory basis. The compensation program received significant support, with 24,040,051 votes in favor, 220,875 against, and 31,197 abstentions.

The 8-K filing also included standard legal language confirming the authorization of the report by the company’s duly assigned representative, Benjamin W. Jaenicke, who serves as the Executive Vice President, Chief Financial Officer, and Treasurer.

This report is based on the official SEC filing and provides a summary of the most significant shareholder decisions made at the annual meeting of CBL & Associates Properties Inc.

In other recent news, CBL Properties has announced a quarterly cash dividend of $0.40 per common share, as revealed by the company’s Board of Directors. This dividend is part of an annual distribution of $1.60 per share and is scheduled for payment on June 30, 2025, to shareholders recorded by June 13, 2025. Earlier this year, the company paid a special cash dividend of $0.80 per share on March 31, 2025. CBL Properties has emphasized its strategy to maximize property value through active management and strategic leasing. The company operates a diverse portfolio of 88 properties across 20 states, totaling 55.4 million square feet. Investors are encouraged to consider potential risks and uncertainties, as outlined in CBL Properties’ filings with the Securities and Exchange Commission. The dividend declaration is part of the company’s ongoing commitment to providing value to its shareholders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.