Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 1, 2021, Lisa J. Morrison, Executive Vice President of Leasing of
Tanger Factory Outlet Centers, Inc. (the "Company") notified the Company of her
intention to transition from her executive officer role that is expected to
become effective upon entry into a Transition and Consulting Agreement between
Ms. Morrison and the Company or at a later date to be determined. The Company
and Ms. Morrison intend to enter into a Transition and Consulting Agreement
pursuant to which Ms. Morrison would serve as a consultant to the Company for
one year, subject to earlier termination pursuant to the terms of such
agreement.
Safe Harbor Statement
This Current Report on Form 8-K contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including the
Company's intention to enter into a Transition and Consulting Agreement with Ms.
Morrison and the timing of Ms. Morrison's transition. The Company intends such
forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995 and includes this statement for purposes of complying with the safe
harbor provisions.
You should not rely on forward-looking statements since they involve known and
unknown risks, uncertainties and other important factors which are, in some
cases, beyond our control and which could materially affect our actual results,
performance or achievements. Important factors which may cause actual results to
differ materially from current expectations include, but are not limited to the
risk that we are unable to reach an agreement with Ms. Morrison and other
important factors set forth under Item 1A - "Risk Factors" in the Company's and
the Operating Partnership's Annual Report on Form 10-K for the year ended
December 31, 2020, as may be updated or supplemented in the Company's Quarterly
Reports on Form 10-Q and the Company's other filings with the SEC. Accordingly,
there is no assurance that the Company's expectations will be realized. The
Company disclaims any intention or obligation to update the forward-looking
statements, whether as a result of new information, future events or otherwise.
You are advised to refer to any further disclosures the Company makes or related
subjects in the Company's Current Reports on Form 8-K that the Company files
with the SEC.
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