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AI brief of an SEC Form 8-K · Kimco Realty (KIM)

Kimco Realty names Richard Saltzman independent chairman; Milton Cooper to step down

Neutral Impact 4 of 5 leadership Written later

Kimco Realty's founder and Executive Chairman, Milton Cooper, will not stand for re-election and will leave the board and his executive chairman role at the 2025 Annual Meeting of Stockholders, becoming Chairman Emeritus. Director Richard Saltzman was appointed to become the non-executive, independent Chairman of the Board at that meeting, and two new directors, Nancy Lashine and Ross Cooper, joined the board effective January 21, 2025. The changes alter Kimco's board leadership structure but the filing reports no financial results or guidance.

Key points

  • Milton Cooper will leave the board and his Executive Chairman role at the 2025 Annual Meeting; the company says his departure is not a disagreement with management.
  • Richard Saltzman, Chair of the Audit Committee, will become independent Chairman of the Board at the 2025 Annual Meeting.
  • Board size increased from eight to ten directors; Nancy Lashine and Ross Cooper joined effective January 21, 2025.
  • Effective January 21, 2025, Milton Cooper's annual salary was reduced to $70,000 with an annual equity grant of $175,000.

The filing

CompanyKimco Realty (KIM)
Form8-K, current report
Filed with the SECJan 21, 2025, 8:10 AM ET
Accession number0001140361-25-001460

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.