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

(e)CBL & Associates Properties, Inc. (the "Company") today announced a number of additional actions the Company is taking to offset the anticipated impacts of the COVID-19 pandemic on the Company's revenue and cash flows. Among programs the Company is implementing to reduce overhead expense is a temporary salary reduction program pursuant to which, effective April 16, 2020, CBL executives Charles Lebovitz (Chairman), Stephen Lebovitz (CEO) and Michael Lebovitz (President) as well as the Independent Directors of CBL's Board have agreed to reduce their base salaries and Independent Director fees by 50%. A 20% base salary reduction will apply to the other named executive officers listed in the Company's 2020 Annual Meeting proxy statement.

These reductions to Independent Director and executive officer base salaries, which will remain in effect for a to­be­determined period of time, were unanimously approved by the Compensation Committee on April 14, 2020.

ITEM 8.01 Other Events

On April 14, 2020, the Company issued a press release announcing the compensation reductions discussed in Item 5.02 of this Current Report along with additional actions the Company is taking in response to the COVID-19 pandemic. A copy of the press release is being filed as Exhibit 99.1 to this Current Report.

ITEM 9.01 Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired




Not applicable



  (b) Pro Forma Financial Information


Not applicable



  (c) Shell Company Transactions


Not applicable



  (d) Exhibits






Exhibit
 Number    Description
  99.1       Press Release issued April 14, 2020.
           Cover Page Interactive Data File (formatted as Inline XBRL with
  104      applicable taxonomy extension information contained in Exhibits 101.*).
           (Filed herewith)



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