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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): March 13, 2024
SITE Centers Corp.
(Exact name of Registrant as Specified in Its Charter)
| Ohio | 1-11690 | 34-1723097 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 3300 Enterprise Parkway, Beachwood, Ohio |
44122 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (216) 755-5500
Not Applicable
(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 |
Name of each exchange on which registered |
||
| Common Shares, Par Value $0.10 Per Share | SITC | New York Stock Exchange | ||
| Depositary Shares, each representing 1/20 of a share of 6.375% Class A Cumulative Redeemable Preferred Shares without Par Value | SITC PRA | 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. |
On March 13, 2024, the Board of Directors (the “Board”) of SITE Centers Corp. (the “Company”), appointed Christina M. Yarian as Senior Vice President and Chief Accounting Officer of the Company, effective March 13, 2024. Ms. Yarian, age 46, most recently served as the Company’s Vice President and Corporate Controller since May 2015. Ms. Yarian holds a bachelor’s degree from Miami University.
In connection with the appointment described above, on March 13, 2024, the Compensation Committee of the Board approved a grant of service-based restricted share units (“RSUs”) to Ms. Yarian under the Company’s 2019 Equity and Incentive Compensation Plan covering a number of Company shares valued at $200,000 and generally vesting on the fourth anniversary of the grant date, with such RSUs earning cash dividend equivalents paid on a current basis.
The Company will also enter into a customary indemnification agreement with Ms. Yarian.
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 thereunto duly authorized.
| SITE Centers Corp. | ||||||
| Date: March 13, 2024 | By: | /s/ Aaron Kitlowski |
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| Name: | Aaron Kitlowski | |||||
| Title: | Executive Vice President, General Counsel and Secretary |
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