Kimco Realty (NYSE: KIM) appoints Kathleen Thayer as new CAO

Rhea-AI Filing Summary

Kimco Realty Corporation reported that Paul Westbrook plans to retire as Vice President and Chief Accounting Officer of the Company and Kimco Realty OP, LLC, effective March 31, 2026. The Company stated that his departure is not due to any disagreement over operations or accounting matters.

Kathleen Thayer, currently Senior Vice President and Treasurer, Corporate Accounting, will become Executive Vice President, Treasurer and Chief Accounting Officer effective April 1, 2026. She has been with Kimco since 2006, is a Certified Public Accountant, and previously worked at BDO Seidman in the audit group.

8-K Event Classification

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

1 item

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.

Understanding 8-K Material Events →

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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): January 27, 2026

KIMCO REALTY CORPORATION

KIMCO REALTY OP, LLC

 (Exact name of registrant as specified in its charter)

Maryland (Kimco Realty Corporation)	1-10899	13-2744380
Delaware (Kimco Realty OP, LLC)	333-269102-01	92-1489725
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

500 N. Broadway

Suite 201

Jericho, NY  11753

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (516) 869-9000

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:

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

☐ Pre-commencement communications 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:

Kimco Realty Corporation

Title of each class	Trading Symbol(s)	Name of each exchange on
		which registered
Common Stock, par value $.01 per share.	KIM	New York Stock Exchange
Depositary Shares, each representing one-thousandth of a share of 5.125% Class L Cumulative Redeemable, Preferred Stock, $1.00 par value per share.	KIMprL	New York Stock Exchange
Depositary Shares, each representing one-thousandth of a share of 5.250% Class M Cumulative Redeemable, Preferred Stock, $1.00 par value per share.	KIMprM	New York Stock Exchange
Depositary Shares, each representing one-thousandth of a share of 7.250% Class N Cumulative Convertible Perpetual Preferred Stock, $1.00 par value per share.	KIMprN	New York Stock Exchange

Kimco Realty OP, LLC

Title of each class	Trading Symbol(s)	Name of each exchange on
		which registered
None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
Kimco Realty Corporation Yes ☐   No ☒	Kimco Realty OP, LLC  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.

Kimco Realty Corporation   ☐ Kimco Realty OP, LLC   ☐

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

On January 27, 2026, Paul Westbrook notified Kimco Realty Corporation (the “Company”) of his intention to retire as Vice President, Chief Accounting Officer of the Company and Kimco Realty OP, LLC, effective March 31, 2026. Mr. Westbrook’s departure is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices or any issues regarding accounting policies or practices.

Kathleen Thayer, Senior Vice President and Treasurer, Corporate Accounting, will succeed Mr. Westbrook as Executive Vice President, Treasurer and Chief Accounting Officer of the Company and Kimco Realty OP, LLC, effective April 1, 2026.

Ms. Thayer, age 48, joined the Company in June 2006 as an Accounting Manager, became Vice President and Assistant Treasurer in February 2022, and became Senior Vice President and Treasurer, Corporate Accounting in January 2024. Prior to joining the Company, Ms. Thayer spent seven years at BDO Seidman, LLP, where she served as a Manager in the audit group. Ms. Thayer is a Certified Public Accountant with a Bachelor of Science in Accounting from The State University of New York at Geneseo.

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.

	KIMCO REALTY CORPORATION
Date: January 28, 2026	By:	/s/ Glenn G. Cohen
		Name:	Glenn G. Cohen
		Title:	Chief Financial Officer

	KIMCO REALTY OP, LLC
	By: KIMCO REALTY CORPORATION, its
	Managing Member
Date: January 28, 2026	By:	/s/ Glenn G. Cohen
		Name:	Glenn G. Cohen
		Title:	Chief Financial Officer

FAQ

What executive change did Kimco Realty (KIM) announce in this 8-K?

Kimco Realty announced the planned retirement of Paul Westbrook as Vice President and Chief Accounting Officer, effective March 31, 2026. The company will promote Kathleen Thayer to Executive Vice President, Treasurer and Chief Accounting Officer effective April 1, 2026, ensuring continuity in its accounting leadership.

When will Kimco Realty (KIM) Chief Accounting Officer Paul Westbrook retire?

Paul Westbrook intends to retire as Vice President and Chief Accounting Officer of Kimco Realty and Kimco Realty OP, LLC effective March 31, 2026. This planned transition provides a clear timetable for leadership change in the company’s accounting function and related organizational planning.

Who is replacing Paul Westbrook as Kimco Realty (KIM) Chief Accounting Officer?

Kimco Realty will appoint Kathleen Thayer as Executive Vice President, Treasurer and Chief Accounting Officer effective April 1, 2026. She currently serves as Senior Vice President and Treasurer, Corporate Accounting, and has been with Kimco since 2006 in progressively senior accounting and treasury roles.

Did Kimco Realty (KIM) report any disagreement related to Paul Westbrook’s departure?

Kimco Realty stated that Paul Westbrook’s decision to retire is not due to any disagreement with the company regarding its operations, policies, practices, or accounting policies. This language indicates a routine leadership transition rather than a departure driven by internal disputes or accounting concerns.

What is the professional background of incoming Kimco Realty (KIM) CAO Kathleen Thayer?

Before being named Executive Vice President, Treasurer and Chief Accounting Officer, Kathleen Thayer joined Kimco in 2006 and advanced through accounting and treasury roles. She previously spent seven years at BDO Seidman as an audit manager and is a Certified Public Accountant with an accounting degree from SUNY Geneseo.

How are Kimco Realty (KIM) and Kimco Realty OP, LLC affected by this leadership change?

Both Kimco Realty Corporation and Kimco Realty OP, LLC will see Paul Westbrook retire from his Chief Accounting Officer roles. Both entities will then have Kathleen Thayer serve as Executive Vice President, Treasurer and Chief Accounting Officer, aligning accounting leadership across the corporate and operating partnership structures.