CBL To Adopt Proxy Access By-Law Amendment

Friday, November 13, 2015

CBL & Associates Properties, Inc. Friday announced that it intends to adopt a proxy access by-law amendment in response to the advisory vote at its annual meeting earlier this year. 

The amendment to the company’s by-laws would allow shareholders that have owned at least 3 percent of the company’s outstanding common stock continually for at least three consecutive years to have their own director nominees, representing up to 25 percent of the Board seats, included in the company’s proxy materials, along with the candidates nominated by the company’s Board of Directors. Additional details of the amendment will be announced when final terms have been approved by the Board. 

“We believe it is important to have strong corporate governance practices that promote our goal of creating value for our shareholders,” said Charles B. Lebovitz, chairman of the Board. “Earlier this year, our shareholders supported an advisory proposal requesting proxy access. The Board values this feedback and is pleased to demonstrate its responsiveness to shareholders by announcing its intention to adopt such an amendment.” 

CBL’s Board of Directors is committed to maintaining a strong alignment with the company’s investors by continually evaluating its corporate governance policies and responding to shareholder feedback, said officials. CBL’s Board of Directors has implemented a number of industry-leading practices, including declassifying the Board, adopting a director resignation policy and implementing an executive compensation program that relies heavily on performance criteria and objective measures.


Life Care Centers Promotes Chastain To VP OF Information Technology And Cybersecurity

Hunter Bishop Joins Grant, Konvalinka And Harrison Law Firm

Chattanooga Chamber Of Commerce Events March 8-12


Gene Chastain, senior director of information technology for Life Care Centers of America, has been promoted to vice president of information technology and cybersecurity. In this role, Mr. ... (click for more)

Grant, Konvalinka and Harrison, P.C. announce that Hunter Bishop has joined the law firm as an associate. Mr. Bishop is a native of Polk County, Tn. He graduated from UTC in 2016, where he ... (click for more)

Here are the upcoming Chattanooga Chamber events: March 8, ONLINE: NEWtrepreneur Bookkeeping Noon to 1 p.m. New to being an entrepreneur? This information-packed class covers 10 of the ... (click for more)



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Life Care Centers Promotes Chastain To VP OF Information Technology And Cybersecurity

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