SIMON PROPERTY GROUP,INC. (NYSE:SPG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On April 6, 2017, Simon Property Group, Inc. (the “Company”) reported that on April 4, 2017, David Contis, its Senior Executive Vice President, had provided notice that he was resigning effective May 5, 2017 (the “Separation Date”) in order to spend more time with his family. On the Separation Date, Mr. Contis will receive his final regular paycheck and no other benefits or compensation. All unearned and unvested LTIP Units previously granted to Mr. Contis shall be forfeited on the Separation Date.
About SIMON PROPERTY GROUP, INC. (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development. SIMON PROPERTY GROUP, INC. (NYSE:SPG) Recent Trading Information
SIMON PROPERTY GROUP, INC. (NYSE:SPG) closed its last trading session down -0.19 at 170.10 with 1,724,952 shares trading hands.