CBL & Associates Properties Inc. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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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 7.01 Regulation FD Disclosure.
A copy of the Company's (defined below) press release concerning the matters described in Item 8.01 below is furnished as Exhibit 99.1 to this report.
Item 8.01 Other Events.
On October 10, 2024, CBL & Associates Properties, Inc. (herein the “Company” or “CBL”), completed the repurchase of 500,000 shares or approximately 1.6% of its then outstanding shares of common stock, par value $0.001 per share, in a privately negotiated block trade from a single shareholder. After cancelation of the repurchased shares the Company currently has 30,749,272 shares of common stock outstanding (excluding 34 treasury shares). The block repurchase was completed separately from CBL’s existing stock repurchase program described below.
Additionally, on August 10, 2023, CBL announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25.0 million of its common stock. As of September 20, 2024, CBL had completed all repurchase activity under this program. A total of 1,074,826 shares were repurchased under the program at a weighted average share price of $23.259 per share.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number |
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99.1 |
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Press Release - CBL Properties Announces Block Share Repurchase. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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 hereunto duly authorized.
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CBL & ASSOCIATES PROPERTIES, INC. |
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Date: |
October 10, 2024 |
By: |
/s/ Benjamin W. Jaenicke |
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Benjamin W. Jaenicke |