Washington Prime Group Inc. (NYSE:WPG) 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 18, 2019 (the “Notice Date”), Gregory E. Zimmerman, the Executive Vice President, Development of Washington Prime Group Inc., an Indiana corporation (the “Registrant”), tendered a notice of resignation (the “Notice”) to the Registrant. Mr. Zimmerman is one of the Registrant’s “named executive officers” (as such term is defined under Item 402 of Regulation S-K). Per the terms of the Notice, it is effective thirty (30) days from the Notice Date.
About Washington Prime Group Inc. (NYSE:WPG)
Washington Prime Group Inc., formerly WP Glimcher Inc., is a real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets. The Company’s assets consist of interests in approximately 120 shopping centers in the United States, consisting of community centers and malls. Its properties consist of approximately 70 million square feet of gross leasable area. The Company also owns parcels of land, which can be used for either the development of shopping centers or the expansion of existing properties. The Company focuses on retail tenant leases, including fixed minimum rent leases, percentage rent leases based on tenants’ sales volumes and reimbursements from tenants for certain expenses. The Company’s properties are leased to various tenants.