Brixmor CEO transition: Taylor to retire, Finnegan to lead

Rhea-AI Filing Summary

Brixmor Property Group Inc. (BRX) announced a planned CEO transition. On November 19, 2025, James M. Taylor Jr. notified the company that he will retire as Chief Executive Officer and as a member of the board, effective January 1, 2026.

Effective the same date, the board appointed Brian T. Finnegan, currently President and Chief Operating Officer and serving as interim CEO, as permanent Chief Executive Officer and a board member. He will retain the title of President and continue as interim CEO until the transition date.

Brixmor and Mr. Finnegan agreed to a new employment agreement effective January 1, 2026, running through December 31, 2028. It provides a minimum base salary of $900,000, an annual cash bonus opportunity at 100%, 125% and 200% of base salary for threshold, target and maximum performance, and target-level annual equity awards of at least $3,000,000 starting with the 2026 grant.

Insights

Corporate governance and REIT leadership analyst

Brixmor discloses an internally managed CEO succession with defined pay terms.

Brixmor is executing a structured CEO transition, with James M. Taylor Jr. retiring as Chief Executive Officer and director on January 1, 2026. The board selected internal candidate Brian T. Finnegan, already President, Chief Operating Officer and interim CEO, as permanent CEO and a director, which indicates continuity in day-to-day leadership and strategy rather than an abrupt change.

The amended and restated employment agreement for Mr. Finnegan runs through December 31, 2028 and sets a minimum base salary of $900,000, performance-based bonus opportunities at 100%, 125% and 200% of salary, and target equity awards of at least $3,000,000 annually starting in 2026. This mix of cash and equity links a significant portion of compensation to performance and share-based incentives, aligning a multi‑year commitment between the board and the new CEO.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0001581068false00015810682025-11-192025-11-190001581068brx:BrixmorOperatingPartnershipLPMember2025-11-192025-11-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): November 19, 2025

Brixmor Property Group Inc.

Brixmor Operating Partnership LP

(Exact Name of Registrant as Specified in Charter)

Maryland						001-36160						45-2433192
Delaware						333-256637-01						80-0831163
(State or Other Jurisdiction of Incorporation)						(Commission File Number)						(IRS Employer Identification No.)

100 Park Avenue

New York, New York 10017

(Address of Principal Executive Offices, and Zip Code)

(212) 869-3000

(Registrant’s Telephone Number, Including Area Code)

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

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 (see General Instructions A.2. below):

☐ Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			BRX			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).     

Brixmor Property Group Inc. Yes ☐ No ☑              Brixmor Operating Partnership LP Yes ☐ No ☑

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.     

Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 5.02    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

CEO Change

On November 19, 2025, James M. Taylor Jr., the Chief Executive Officer of Brixmor Property Group Inc. (the “Company”) notified the Company that he will retire as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of January 1, 2026.

On November 21, 2025, the Board appointed Brian T. Finnegan, the Company’s President and Chief Operating Officer, who has also been serving as interim Chief Executive Officer, as permanent Chief Executive Officer and as a member of the Board, effective January 1, 2026. Mr. Finnegan will also retain the title of President and will continue to serve as interim Chief Executive Officer until January 1, 2026.

Mr. Finnegan, age 45, has served as the Company’s President and Chief Operating Officer since July 2024, and previously served as the Company’s Senior Executive Vice President and Chief Operating Officer from September 2023 to July 2024, as the Company’s interim Chief Executive Officer and President from April 2024 to May 2024, and as the Company’s Executive Vice President, Chief Revenue Officer from February 2020 until September 2023, and has held various other positions at the Company and its predecessors since 2004.

Amended and Restated Employment Agreement

In connection with his appointment as Chief Executive Officer, Mr. Finnegan and the Company entered into an amended and restated employment agreement (the “New Employment Agreement”), which will be effective as of January 1, 2026 (the “Effective Date”). Prior to the Effective Date, the Amended and Restated Employment Agreement, dated July 24, 2024, by and between the Company and Mr. Finnegan (the “Current Agreement”) will remain in effect. The terms of the New Employment Agreement are substantially similar to the terms of the Current Agreement, except for the differences noted below.

The term of employment under the New Employment Agreement begins on the Effective Date and ends on December 31, 2028 (the “Employment Term”). The New Employment Agreement establishes the minimum amount of base salary at $900,000, sets annual cash bonus percentages at 100%, 125% and 200% of base salary for threshold, target and maximum performance, respectively, and sets the minimum amount at target level for annual equity compensation at $3,000,000, commencing with the annual equity grant to be made in 2026. During the Employment Term, Mr. Finnegan shall serve as a member of the Board and shall be nominated for re-election to the Board as and when his Board term expires.

The foregoing summary of the differences between the New Employment Agreement and the Current Agreement is qualified in its entirety by the full text of the New Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 7.01    Regulation FD Disclosure

On November 24, 2025, the Company issued a press release related to certain of the matters described in Item 5.02 of this Current Report on Form 8-K. A copy of this press release is furnished herewith as Exhibit 99.1.

The information in Item 7.01 of this Current Report on Form 8-K and the information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, whether made before or after the date hereof, regardless of any general incorporation language in any such filing.

Item 9.01    Financial Statements and Exhibits

(d)     The following exhibits are attached to this Current Report on Form 8-K

10.1						Amended and Restated Employment Agreement, dated November 21, 2025, by and between Brixmor Property Group Inc. and Brian T. Finnegan.
99.1						Press release issued November 24, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: November 24, 2025			BRIXMOR PROPERTY GROUP INC.
			By:			/s/ Steven F. Siegel
			Name:			Steven F. Siegel
			Title:			Executive Vice President,
						General Counsel and Secretary
			BRIXMOR OPERATING PARTNERSHIP LP
			By:			Brixmor OP GP LLC, its general partner
			By:			BPG Subsidiary LLC, its sole member
			By:			/s/ Steven F. Siegel
			Name:			Steven F. Siegel
			Title:			Executive Vice President,
						General Counsel and Secretary

FAQ

Who is the new CEO of Brixmor Property Group Inc. (BRX)?

Brixmor appointed Brian T. Finnegan, its President and Chief Operating Officer and current interim CEO, as permanent Chief Executive Officer and a member of the board, effective January 1, 2026.

When will James M. Taylor Jr. retire as CEO of Brixmor (BRX)?

James M. Taylor Jr. will retire as Chief Executive Officer and as a member of the board of Brixmor Property Group Inc. effective January 1, 2026.

What are the key terms of Brian Finnegans new employment agreement at Brixmor?

The new agreement, effective January 1, 2026 through December 31, 2028, sets a minimum base salary of $900,000, annual cash bonus opportunities at 100%, 125% and 200% of base salary for threshold, target and maximum performance, and target-level annual equity awards of at least $3,000,000 beginning with the 2026 grant.

Will Brian Finnegan remain President of Brixmor after becoming CEO?

Yes. Brian T. Finnegan will serve as Chief Executive Officer and continue to hold the title of President. He will also serve as a member of the board during his employment term.

How long is Brian Finnegans employment term as CEO of Brixmor?

The employment term under the new agreement begins on January 1, 2026 and ends on December 31, 2028, providing a defined multi‑year leadership horizon.

Did Brixmor (BRX) issue a press release about the CEO transition?

Yes. Brixmor issued a press release on November 24, 2025 related to the CEO transition and other matters described, which is furnished as Exhibit 99.1 to the report.