regency centers corp (REG) Key Developments
Regency Centers Corporation Amends Bylaws to Align with Industry Standards and Best Practices
Jul 20 15
Regency Centers Corporation announced that its Board of Directors has amended certain of the company’s bylaws and employment agreements. The Board, with the assistance of outside legal and compensation advisors, undertook a thorough review and determined to amend certain policies in accordance with current best practices. The changes include: implementation of a proxy access bylaw; adoption of an exclusive forum bylaw; irrevocably opting out of Florida’s control share acquisition statute without shareholder approval; establishing a 25% stock ownership threshold required to call a special shareholder meeting; amending the company’s bylaws to include a majority vote standard, such that director nominees can only be elected to the Board with the support of a majority of shares voted in an uncontested election, and; executing new employment agreements with its executive officers.
Regency Centers Announces Enhancement of Gateway Shopping Center in Bustling Philadelphia Market
Jul 15 15
Regency Centers Corporation announced plans to enhance the shopping experience at Gateway Shopping Center, Regency’s premier shopping center in the Philadelphia market, beginning in late July. To make the center more appealing in today’s marketplace, plans call for improvements to the center’s aesthetics including raised architectural features and a modern and vibrant color scheme. The center will also receive an enhanced landscape design, LED parking lot lighting and upgraded signage. Gateway Shopping Center is located in Wayne, PA, northwest of Philadelphia and situated on heavily trafficked State Highway 202, with close proximity to the 2.9 million sq. ft. super regional King of Prussia Mall. Surrounded by a robust office community contributing to a workplace population over 78,000 within a 3-mile trade area, the center occupies 214,212 sq. ft. and boasts national retailers like Trader Joe’s, TJMaxx, Staples, Starbucks, Panera, and MOD Pizza. Construction is estimated to last through late Fall of 2015.
Regency Centers Corporation Declares Quarterly Cash Dividend on Series 6 Preferred Stock and Series 7 Preferred Stock, Payable on June 30, 2015
Jun 5 15
Regency Centers Corporation announced that its board of directors declared a quarterly cash dividend of $0.41406 per share on the company’s Series 6 Preferred Stock, payable on June 30, 2015 to shareholders of record on June 16, 2015. The company also announced that its board of directors declared a quarterly cash dividend of $0.3750 per share on the company’s Series 7 Preferred Stock, payable on June 30, 2015 to shareholders of record on June 16, 2015.
Regency Centers Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015
May 21 15
Regency Centers Corporation Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.
Regency Centers Corporation Amends $800 Million Unsecured Revolving Credit Facility
May 13 15
Regency Centers Corporation announced an amendment to its existing $800 million unsecured revolving credit facility. The amendment will extend the maturity date to May 13, 2019 and reduce the applicable interest rate. The facility will initially bear interest at an annual rate of LIBOR plus 100 basis points on any drawn balance and will include an annual 20 basis point facility fee on the entire $800 million capacity.