8-KLeadership ChangesRegulation FDExhibits & Filings

SIMON PROPERTY GROUP INC. 8-K Report, Executive Changes (Mar 24, 2026)

Filed March 24, 2026For Securities:SPGSPG-PJ

Summary

Simon Property Group, Inc. (SPG) announced a significant leadership transition following the passing of its Chairman, CEO, and President, David Simon. The Board of Directors has appointed Eli Simon, formerly Chief Operating Officer, to serve as the new Chief Executive Officer and President, effective March 23, 2026. Eli Simon will retain his COO role and board seat. Larry Glasscock has been appointed as Non-Executive Chairman of the Board, while continuing his director and committee roles. This report also notes that the vacancy left by David Simon as a Class B director has not yet been filled by the Voting Trust. Investors should note that Eli Simon's compensation has not been changed in connection with his new CEO and President roles at this time, though the company may file amendments if material compensatory arrangements are later made. The filing also confirms the absence of other material related-party transactions involving Eli Simon beyond those already disclosed. The company issued a press release on March 23, 2026, detailing these leadership changes, which is attached as an exhibit to this 8-K filing.

Key Highlights

  • 1David Simon, Chairman, CEO, and President, has passed away.
  • 2Eli Simon appointed as the new Chief Executive Officer and President, effective March 23, 2026.
  • 3Eli Simon will continue to serve as Chief Operating Officer and on the Board of Directors.
  • 4Larry Glasscock appointed as Non-Executive Chairman of the Board.
  • 5No immediate changes to Eli Simon's compensation were made in connection with his new roles.
  • 6The vacancy for the Class B director position, previously held by David Simon, has not yet been filled.
  • 7A press release announcing these changes was issued on March 23, 2026.

Frequently Asked Questions

Following the passing of David Simon, the Board of Directors has appointed Eli Simon as the new Chief Executive Officer and President, and Larry Glasscock as Non-Executive Chairman of the Board, effective March 23, 2026. Eli Simon will continue in his COO capacity.

As of the filing date, the Board has not approved any changes to Eli Simon's compensation in connection with his appointment as CEO and President. The company will file amendments to this report if any material compensatory arrangements are entered into or amended in the future.

The filing does not provide details on strategic or operational changes. However, Eli Simon's continued role as COO suggests a degree of continuity in operational management. Investors should monitor future communications for any strategic shifts.

David Simon held a Class B director position. The filing states that the vacancy has not yet been filled by the Trustee of the Voting Trust, who holds the right to elect Class B directors.