8-K
REGENCY CENTERS CORP (REG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 16, 2024
Date of Report (Date of earliest event reported)
REGENCY CENTERS CORPORATION
REGENCY CENTERS, L.P.
(Exact name of registrant as specified in its charter)
| Florida (Regency Centers Corporation)<br><br>Delaware (Regency Centers, L. P.) | 001-12298 (Regency Centers Corporation)<br><br>0-24763 (Regency Centers, L.P.) | 59-3191743 (Regency Centers Corporation)<br><br>59-3429602 (Regency Centers, L.P.) |
|---|---|---|
| (State or other jurisdiction of incorporation) | Commission File Number) | (IRS Employer Identification No.) |
One Independent Drive, Suite 114
Jacksonville, Florida 32202
(Address of principal executive offices) (Zip Code)
(904) 598-7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Regency Centers Corporation
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 par value | REG | The Nasdaq Stock Market LLC |
| 6.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share | REGCP | The Nasdaq Stock Market LLC |
| 5.875% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share | REGCO | The Nasdaq Stock Market LLC |
Regency Centers, L.P.
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 8.01 | Other Events |
|---|
Corporate Responsibility Report
On May 16, 2024, Regency issued a press release announcing the publication of its 2023 Corporate Responsibility Report (the “Report”) and a copy of this press release is filed as Exhibit 99.1 to this report. The Report is accessible through the Corporate Responsibility section of Regency's website at www.regencycenters.com/corporate-responsibility.
The information furnished under this item 8.01, including Exhibit 99.1 incorporated by reference herein, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| (d) Exhibits | |
| Exhibit 99.1 | Press release dated May 16, 2024. |
| --- | --- |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL documents) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| REGENCY CENTERS CORPORATION | ||
|---|---|---|
| May 16, 2024 | By: | /s/ Michael R. Herman |
| Michael R. Herman, Senior Vice President<br><br>General Counsel and Corporate Secretary | ||
| REGENCY CENTERS, L.P. | ||
| By: Regency Centers Corporation, its general partner | ||
| May 16, 2024 | By: | /s/ Michael R. Herman |
| Michael R. Herman, Senior Vice President<br><br>General Counsel and Corporate Secretary |
EX-99.1
Exhibit 99.1
| News Release |
|---|
| For immediate release |
| Christy McElroy |
| 904 598 7616 |
| ChristyMcElroy@regencycenters.com |
Regency Centers Releases Annual Corporate Responsibility Report for 2023
JACKSONVILLE, Fla. (May 16, 2024) – Regency Centers Corporation (“Regency”, “Regency Centers” or the “Company”) (Nasdaq:REG) today released its 2023 Corporate Responsibility Report highlighting the Company’s environmental, social, and governance progress and achievements. The report can be found on the Corporate Responsibility page of Regency’s website.
“As a foundational strategy for Regency, embodied responsibility will continue to enable the long-term sustainability and success of our business, creating value and benefits for our shareholders, other stakeholders, and the environment,” said Lisa Palmer, President and Chief Executive Officer. “It is embedded in how we develop and operate our properties, interact with our communities, engage with our employees, and connect with our investors and partners.”
Regency’s 2023 Corporate Responsibility Report details the Company’s continued commitment to corporate responsibility and transparent disclosure. The report also highlights recent awards and recognition, as well as notable progress made within Regency’s four pillars of corporate responsibility:
Our People
• Achieved a record high Employee Engagement score of 88%
• Received the Healthiest Companies Award from the First Coast Workplace Wellness Council for the 15th consecutive year
• Partnered with Project Destined, a leading internship program, and continued its commitment to the Management Leadership for Tomorrow (MLT) Racial Equity at Work Certification Program
• Included in the Bloomberg Gender-Equality Index
Our Communities
• Together with its employees, contributed approximately $1.7 million to charitable causes
• Employees volunteered 3,000+ hours to local communities
• Joined industry peers and the 988 Suicide & Crisis Lifeline in the “Signs of HOPE” campaign
• Recognized among the “Best Places to Work” by the Jacksonville Business Journal
Ethics and Governance
• One of only 40 S&P 500 companies led by a female CEO
• Board gender and ethnic diversity representation of 45%
• Ranked 6th overall on Newsweek’s Most Responsible Companies List, and 1st in the “Real Estate and Housing” industry
• Achieved the highest score of “1” in ISS’ Environmental and Governance QualityScore categories
Environmental Stewardship
• Continued progress toward the 2030 Scope 1 and 2 greenhouse gas emissions (GHG) reduction target, aligned with and endorsed by the Science Based Targets initiative (SBTi), with a cumulative reduction of 18% from the 2019 baseline year
• Exceeded the 2030 onsite renewable energy goal, driven by continued growth in Regency’s onsite solar program
• Launched a new green building taskforce to reignite Regency’s Green Building Certification Program
• Recognized as a Peer Group Leader from GRESB® for sustainability leadership, and earned Green Star “A” for public disclosure for the 9th consecutive year
About Regency Centers Corporation (Nasdaq:REG)
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.
Certain statements in this report may be “forward-looking statements.” These statements are based on the current beliefs of Regency Centers and are subject to numerous risks, uncertainties and changes in circumstances, some of which may be unknown today. These statements are not guarantees of future results, goal achievement or outcomes. Similarly, statements about our goals, objectives and targets to positively impact climate and environmental-related issues, such as emission-reduction roadmaps and targets to drive toward net zero and other emissions and climate-related goals, are also forward-looking statements. Actual results, achievement of goals and financial condition may differ materially from those anticipated or expected from or represented by these statements due to a variety of factors, including, among others, socio-demographic and economic trends, energy prices, the pace, cost and effectiveness of technological innovations, climate-related conditions and weather events, legislative and regulatory changes and other unforeseen events or conditions, the potential impacts of climate change on our business and our ability to mitigate them, and reference is made to the precautionary statements and risk factors included in Regency Centers’ filings with the Securities and Exchange Commission (SEC), including the Risk Factors disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K, and subsequent quarterly filings. Any
forward-looking statements made by or on behalf of Regency Centers speak only as to the date they are made, and Regency Centers does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. In addition, while this report describes potential future events that may be significant, the significance of those potential events should not be read as equating to materiality as the concept is used in Regency Centers’ filings with the SEC.