What changed in this filing

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Item 3. Legal Proceedings

2022-02-22 compared with 2021-02-23 · 40 added, 51 removed, 32 unchanged (74% of the section changed)

10 unchanged sentences

Yalof 59 Director, President and Chief Executive Officer

Williams 56 Executive Vice President - Chief Financial Officer

Williams 57 Executive Vice President - Chief Financial Officer and Treasurer

Perry 49 Executive Vice President - General Counsel and Secretary

Morrison 61 Executive Vice President - Leasing

Swanson 50 Executive Vice President of Operations

Warren 58 Executive Vice President - Chief Marketing Officer

Guerrieri Jr.

48 Senior Vice President - Chief Accounting Officer

Swanson 51 Executive Vice President - Chief Operating Officer

Stein 42 Executive Vice President - Leasing

Wingrove 39 Executive Vice President - Chief Commercial Officer

The following is a biographical summary of the experience of our executive officers:

Tanger has served as Executive Chair of the Board since January 1, 2021 and as a director of the Company since May 13, 1993.

Tanger has served as Executive Chair of the Board since January 1, 2021 and Director of the Company since May 13, 1993.

Tanger previously served as Chief Executive Officer from May 2017 to December 2020.

5 unchanged sentences

Tanger provides an insider's perspective in Board discussions about the business and strategic direction of the Company and has experience in all aspects of the Company's business.

Yalorf has served as a director of the Company since July 20, 2020.

Yalof has served as a director of the Company since July 20, 2020.

President and Chief Executive Officer since January 2021.

Yalof joined the Company in April 2020 as President and Chief Operating Officer.

Yalof joined the Company in April 2020 as President and Chief Operating Officer, bringing with him over 25 years of experience in the commercial real estate industry, with a primary focus on the retail space.

He oversees the operations of the executive and senior leadership teams, emphasizing evolving the customer shopping experience.

Prior to joining the Company, Mr.

Yalof served as the Chief Executive Officer of Simon Premium Outlets of the Simon Property Group, Inc., a commercial real estate company and mall operator, from September 2014 to April 2020.

Yalof also has more than 20 years of experience in the retail industry, previously serving as Senior Vice President of Real Estate for Ralph Lauren Corporation and Senior Director of Real Estate for The Gap, Inc.

Yalof served as the Chief Executive Officer of Simon Premium Outlets of the Simon Property Group, Inc., a commercial real estate company and mall operator, from September 2014 to April 2020, where he drove forward the expansion and development of their real estate portfolio.

He previously served as Senior Vice President of Real Estate for Ralph Lauren Corporation and Senior Director of Real Estate for The Gap, Inc.

Yalof serves as a Trustee of the International Council of Shopping Centers (ICSC), as well as on the advisory boards of HeadCount and the Center for Real Estate & Urban Analysis (CREUA) at George Washington University, his alma mater, where he earned a B.S.

in Business Administration.

Yalof provides insight into the Company's operations and strategy as well as extensive experience in the real estate and retail industries.

Williams was named Executive Vice President - Chief Financial Officer in May 2018, previously serving as Senior Vice President - Chief Financial Officer from May 2016 to May 2018.

He joined the Company in September 1993, served as Controller from January 1995 to March 2015 and Chief Accounting Officer from March 2013 to May 2016.

He was also named Assistant Vice President in January 1997, Vice President in April 2004, and Senior Vice President in February 2006.

Prior to joining the Company, Mr.

Williams was the Financial Reporting Manager of Guilford Mills, Inc.

Williams is the Company’s Executive Vice President - Chief Financial Officer and Treasurer.

Williams has served as Executive Vice President since May 2018, Chief Financial Officer since May 2016 and Treasurer since May 2021.

Williams joined the Company in September 1993, served as Controller from January 1995 to March 2015 and Chief Accounting Officer from March 2013 to May 2016.

Prior to joining the Company, he was the Financial Reporting Manager of Guilford Mills, Inc.

from April 1991 to September 1993 and was employed by Arthur Andersen from 1987 to 1991.

He is responsible for the Company's financial reporting processes, as well as supervisory responsibility over the senior officers that oversee the Company's accounting, finance, investor relations and information systems functions.

Williams is a graduate of the University of North Carolina at Chapel Hill and is a certified public accountant.

Williams is responsible for the Company's financial reporting, accounting, tax, capital markets, financial planning and analysis and information systems functions.

He is a graduate of the University of North Carolina at Chapel Hill and is a certified public accountant.

Perry joined the Company in December 2011 as Executive Vice President - General Counsel and was named Secretary in May 2012.

6 unchanged sentences

He is a member of both the Massachusetts and California bar associations.

Morrison was named Executive Vice President - Leasing in May 2018.

Previously, she held the positions of Senior Vice President - Leasing from August 2004 to May 2018, Vice President - Leasing from May 2001 to August 2004, Assistant Vice President of Leasing from August 2000 to May 2001 and Director of Leasing from April 1999 until August 2000.

Prior to joining the Company, Ms.

Morrison was employed by the Taubman Company and Trizec Properties, Inc.

where she served as a leasing agent.

Previously, she was a director of leasing for Nelson Ross Properties.

Her major responsibilities include managing the leasing strategies for our operating properties, as well as expansions and new developments.

She also oversees the leasing personnel and the merchandising and occupancy for Tanger properties.

Morrison is a graduate of the University of Detroit and holds an MA degree from Michigan State University.

Swanson joined the Company in October 2020 as Executive Vice President of Operations.

She is responsible for overseeing operations of Tanger’s entire portfolio, driving strategic planning, execution, and efficiencies for the properties and the overall business, and securing new opportunities for increased revenue and profit.

Leslie joins the Tanger team with over 25 years of experience in shopping center operations, management and marketing.

Prior to joining Tanger, was employed with Simon Premium Outlets of the Simon Property Group, Inc., a commercial real estate company and mall operator for 8 years where she served as Executive Vice President of Property Management from 2016 to 2020 and Senior Vice President Property Management from 2012 to 2016..

Leslie is a graduate of Illinois State University, where she earned her Bachelor of Arts and Science degree in Public Relations and Organizational Communication Psychology.

Warren was named Executive Vice President - Chief Marketing Officer in January 2021.

Previously, she held the positions of Senior Vice President - Chief Marketing Officer from January 2012 to January 2021, Senior Vice President - Marketing from May 2000 to January 2012, Vice President - Marketing from September 1996 to May 2000 and Assistant Vice President - Marketing from December 1995 to September 1996.

Prior to joining Tanger, Ms.

Warren was with Prime Retail, L.P.

for 4 years where she served as Regional Marketing Director responsible for coordinating and directing marketing for five outlet centers in the southeast region.

Previously, Ms.

Warren was Marketing Manager for North Hills, Inc.

for five years and also served in the same role for the Edward J.

DeBartolo Corp.

for two years.

Her major responsibilities include managing the Company's marketing department and developing and overseeing implementation of all corporate and field marketing programs.

Warren is a graduate of East Carolina University.

Guerrieri Jr.

Guerrieri was named Senior Vice President - Chief Accounting Officer in January 2021.

He previously held the positions of Vice President - Chief Accounting Officer and Controller from May 2017 to January 2021, Vice President and Controller from January 2016 to May 2017, and joined the company in 2000 as Vice President, Financial Reporting.

Prior to joining Tanger in 2000, Mr.

Guerrieri was a Senior Accountant at PriceWaterhouse Coopers.

He is responsible for SEC reporting, accounting, and financial reporting and financial reporting systems.

Guerrieri graduated from the Kenan-Flagler Business School at the University of North Carolina in 1995 and is a certified public accountant.

Swanson was named Executive Vice President – Chief Operating Officer in December 2021.

She joined the Company in October 2020 as Executive Vice President of Operations, bringing over 25 years of experience in shopping center operations, management and marketing and a reputation as a proven team leader, revenue generator, and thought leader.

Previously, she served as Executive Vice President of Property Management for Simon Premium Outlets from 2016 to 2020 where she oversaw 8 straight years of NOI growth and added 12 new and 15 expanded centers to that portfolio over the same period.

Swanson has direct oversight of the Company’s Operations, Marketing Partnerships, and Specialty Leasing disciplines and is responsible for creating new revenue levers that complement Tanger’s core business, strengthening revenue generation and operating capacities at all levels throughout Tanger.

She is a graduate of Illinois State University, where she earned her Bachelor of Arts and Science degree in Public Relations and Organizational Communication Psychology.

Stein joined the Company in October 2021 as Executive Vice President - Leasing.

Prior to joining the Company, he served as Senior Vice President of Leasing at Simon Property Group for 10 years.

A consistent top producer and key member of their leadership team, Justin’s innovative approach to deal making and relationship-driven mentality has made him one of the most respected and productive persons in the industry.

He also has more than eight years of experience in the retail brokerage industry as a Managing Director of Retail for Newmark, CBRE and Cushman & Wakefield, all of which are commercial real estate companies.

Justin’s major responsibilities include managing the leasing strategies for Tanger’s operating properties, as well as expansions and new developments.

He also oversees the leasing personnel and the merchandising and occupancy for Tanger properties.

Justin is a graduate of Bryant University where he earned a B.S.

in Computer Information Systems.

He also earned a Master’s of Science, Information Systems from Stevens Institute of Technology.

Wingrove joined the Company as Executive Vice President - Chief Commercial Officer in December 2021, bringing over 15 years of experience across consumer brands.

Focused on Tanger’s transformation from a real estate company to a customer experience company, he is responsible for modernizing the customer experience and cultivating a more digitally native community to further enhance the Company’s competitive advantage.

In his role, Mr.

Wingrove oversees commercial and digital strategy, loyalty, performance marketing, customer experience and brand.

He is a customer-centric, commercially-oriented marketer who most recently was at CLEAR, an identity verification technology company and served as Senior Vice President for Travel and the GM Aviation from October 2020 to August 2021, was Chief Experience Officer at Bonobos from September 2018 to September 2019, was a Managing Director at Delta Air Lines from August 2016 to August 2018, and prior served as a senior merchant at Macy’s.

At Delta, Mr.

Wingrove led the development of its product segmentation strategy and oversaw the Global Distribution and Customer Experience Development functions for the airline.

He is a graduate of Emory University, where he earned a Bachelor of Arts degree in Economics.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings