Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Election of New Directors

On May 11, 2022, the Board of Directors (the "Board") of SITE Centers Corp. (the "Company") reduced the size of the Board from eight members to seven members in connection with the departure of Dr. Thomas Finne from the Board at the Company's 2022 Annual Meeting of Shareholders. On September 13, 2022, the Board restored the size of the Board to eight members by appointing Barry A. Sholem as an independent director. The Board also appointed Mr. Sholem to serve as a member of its Nominating and ESG Committee. Mr. Sholem will serve for an initial term ending at the Company's 2023 Annual Meeting of Shareholders. Mr. Sholem is Founder and Chairman of MSD Real Estate, the family office real estate business of Michael and Susan Dell.

As a non-employee director, Mr. Sholem will receive the same compensation as the Company's other non-employee directors, as disclosed in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on April 1, 2022, on a pro rata basis.

On September 13, 2022, the Company entered into an Indemnification Agreement (the "Indemnification Agreement") with Mr. Sholem. The Indemnification Agreement is in substantially the same form as the indemnification agreement for directors and officers that was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on November 13, 2017.

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