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AI brief of an SEC Form 8-K · Regency Centers (REG)

Regency Centers amends CEO Lisa Palmer's severance and change of control agreement

Neutral Impact 3 of 5 leadership Written later

Regency Centers amended the severance and change of control agreement with CEO Lisa Palmer on November 6, 2024, changing cash severance terms for termination with or without a change of control. The amendment increases the payout multiples for both scenarios, which matters to shareholders because it raises the potential cost to the company if Palmer's employment ends.

Key points

  • Amendment dated November 6, 2024, with CEO and President Lisa Palmer, amending an agreement originally dated January 1, 2022
  • Outside a change of control: 24 months of base salary, 200% of average annual cash bonus over prior three years, and 24 months of medical benefit replacement cost
  • During the Change of Control Period: 36 months of base salary, 300% of average annual cash bonus, 36 months of medical benefit replacement cost, and a pro-rated target bonus

The filing

CompanyRegency Centers (REG)
Form8-K, current report
Filed with the SECNov 8, 2024, 2:47 PM ET
Accession number0000950170-24-123938

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 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 November 08, 2024.

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.