On June 30, 2018, Kite Realty Group Trust and Daniel R. Sink, Executive Vice President and Chief Financial Officer of the Company, entered into a Separation Agreement and General Release providing for certain terms in connection with the conclusion of Mr. Sink's employment with the Company. Mr. Sink's intention not to renew his employment agreement upon its June 30, 2018 expiration was previously disclosed on April 23, 2018. Effective June 30, 2018, Mr. Sink's employment agreement expired, and he resigned from all positions with the Company and its subsidiaries.

The Company is in the process of searching for a new Chief Financial Officer. In the interim, Dave Buell, Senior Vice President, Chief Accounting Officer of the Company, is performing the functions of the Company's principal financial officer. Mr. Buell is 36 years old and has served as the Company's Senior Vice President, Chief Accounting Officer since January 2018.

Mr. Buell previously served as the Company's Corporate Controller from 2014 to 2017 and Director, Accounting & Financial Reporting from 2010 to 2014.