DDR Corp. (NYSE:DDR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 to report that the Board of Directors (the “Board”) of the Company increased the size of the Board to nine members and appointed Jane E. DeFlorio as a Director to fill the resulting vacancy. In accordance with the Instructions to Item 5.02 of Form 8-K, this Current Report on Form 8-K/A reports Ms. DeFlorio’s initial Board committee assignments. No other changes have been made under Item 5.02 of the Original Form 8-K.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 9, 2017, the Board appointed Ms. DeFlorio to the Audit Committee and the Nominating & Corporate Governance Committee of the Board, having determined that she satisfies all applicable requirements to serve on such committees.
In addition to the compensation outlined in the Original Form 8-K, Ms. DeFlorio will receive the applicable annual fees for service on the Audit Committee and Nominating & Corporate Governance Committee, as disclosed in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 6, 2017.
About DDR Corp. (NYSE:DDR)
DDR Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: shopping centers and loan investments. The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, it engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It owns and manages approximately 110 million total square feet of gross leasable area (GLA). The properties include discounters, warehouse clubs, dollar stores and specialty grocers as additional anchors or tenants. It leases approximately 10 million square feet, including over 510 new leases and approximately 810 renewals for over 1,330 leases. The Company’s portfolio consists of over 350 shopping centers and over 1,000 acres of undeveloped land. The shopping centers are located in over 40 states, as well as Puerto Rico. DDR Corp. (NYSE:DDR) Recent Trading Information
DDR Corp. (NYSE:DDR) closed its last trading session down -0.09 at 9.53 with 7,441,256 shares trading hands.