ITEM 5.02 Departure of Directors or Principal O?cers; Election of Directors; Appointment of Principal O?cers

On September 29, 2020, Michael L. Ashner provided notice of his resignation as a member of the Board of Directors (the "Board") of CBL & Associates Properties, Inc. (the "Company"), effective as of September 29, 2020. Mr. Ashner served as the chairman of the Board's capital allocation committee and as a member of the Board's executive committee. Mr. Ashner's resignation was not in connection with any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

The Standstill Agreement entered into on November 1, 2019, between the Company and Exeter Capital Investors, L.P., Exeter Capital GP LLC, Exeter Capital GP LLC, WEM Exeter LLC, and Michael L. Ashner, remains in effect through the Standstill Period (as defined in the Standstill Agreement).

A press release dated September 29, 2020, announcing Mr. Ashner's resignation is attached hereto as Exhibit 99.1.

ITEM 9.01 Financial Statements and Exhibits







  (d) Exhibits






Exhibit
 Number    Description
  99.1       Press release issued September 29, 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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