Site Centers Corp. Boosts Severance Payouts for Key Executives After Change in Control

Reuters12-05

<a href="https://laohu8.com/S/SITC.WI">Site Centers</a> Corp. Boosts Severance Payouts for Key Executives After Change in Control

Site Centers Corp. has amended the employment agreements for Chief Financial Officer Gerald R. Morgan and General Counsel Aaron M. Kitlowski. Under the new terms, if either executive experiences a qualifying "double-trigger" termination following a Change in Control of the company, their potential cash severance payments will now be set at 2.5 times the sum of their annual base salary and their three-year average annual cash incentive or bonus payout. Previously, the severance amounts were set at $600,000 for Morgan and $1.5 million for Kitlowski. The amendments also include certain clarifying and descriptive adjustments to the agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Site Centers Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-308092), on December 04, 2025, and is solely responsible for the information contained therein.

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