Saul Centers, Inc. (NYSE:BFS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Saul Centers, Inc. (NYSE:BFS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 16, 2017, James W. Symington resigned from the Board of Directors (the “Board”) of Saul Centers, Inc. (the “Company”), and from the Board’s Audit Committee. Mr. Symington’s resignation is not the result of any disagreement with the Company about its operations, policies or practices.
Also on March 16, 2017, Gilbert M. Grosvenor resigned from the Board and from the Board’s Nominating and Corporate Governance and Compensation Committees. Mr. Grosvenor’s resignation is not the result of any disagreement with the Company about its operations, policies or practices.

About Saul Centers, Inc. (NYSE:BFS)

Saul Centers, Inc. (Saul Centers) operates as a real estate investment trust (REIT). The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates in two segments: Shopping Centers and Mixed-Use Properties. The Company conducts its business through Saul Holdings Limited Partnership and/or directly or indirectly owned subsidiaries. It is engaged in the management, leasing, acquisition, renovation, expansion and financing of community and neighborhood shopping centers and mixed-used properties, located in the Washington, District of Columbia (DC)/Baltimore metropolitan area. The operating property portfolio consists of over 50 neighborhood and community Shopping Centers, and over six Mixed-Use Properties totaling approximately 7.9 million and over 1.4 million square feet of gross leasable area (GLA), respectively. The Company’s retail tenants include Giant Food and Safeway.

Saul Centers, Inc. (NYSE:BFS) Recent Trading Information

Saul Centers, Inc. (NYSE:BFS) closed its last trading session up +0.35 at 63.81 with 29,857 shares trading hands.

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