Simon Property Group elevates Eli Simon to Chief Operating Officer role

Rhea-AI Filing Summary

On 6 Aug 2025 Simon Property Group (SPG) filed an 8-K announcing the internal promotion of Eli Simon to Chief Operating Officer, effective immediately. Simon, who joined SPG in 2019 and most recently served as EVP–Chief Investment Officer, will now oversee property performance, development projects and strategic investments while continuing to report to Chairman & CEO David Simon. His annual base salary is $800 000. Eli Simon also serves as a director and is the son of David Simon; management states there are no undisclosed related-party transactions beyond those detailed in the 2025 proxy statement. No financial results, guidance or material transactions accompany this personnel change.

Positive

• Experienced internal candidate with deep investment background may accelerate strategic initiatives and property performance.
• Move signals succession planning and continuity, reducing uncertainty about leadership bench strength.

Negative

• Appointment of CEO’s son raises corporate-governance and nepotism concerns that could weigh on ESG scores.
• No accompanying financial metrics or guidance, offering investors limited insight into immediate value creation.

Insights

Equity Research Analyst

TL;DR: Internal promotion adds operational depth but limited immediate financial impact.

This move formalises succession planning at SPG by elevating a proven investment executive to oversee day-to-day operations. Eli Simon’s experience sourcing deals and managing capital allocation could strengthen asset performance and development returns. However, the filing contains no quantitative guidance or cap-rate detail, so short-term valuation impact is negligible. Investors should monitor whether operational KPIs—occupancy, SS NOI, redevelopment yields—improve under his leadership.

Corporate Governance Specialist

TL;DR: Family appointment raises governance optics; disclosure mitigates but does not erase risk.

The COO role now sits with the CEO’s son, highlighting potential nepotism and concentration of influence within the Simon family. The company notes no additional related-party dealings; nevertheless, directors must demonstrate rigorous oversight to avoid perceived conflicts and ensure performance-based compensation. Absent board independence concerns, impact remains manageable, yet ISS and certain investors may flag heightened governance risk.

false 0001063761 IN 0001063761 2025-08-06 2025-08-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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): August 6, 2025

SIMON PROPERTY GROUP, INC.

(Exact name of registrant as specified in its charter)

Indiana	001-14469	04-6268599
(State or other jurisdiction of	(Commission File Number)	(IRS Employer
incorporation)		Identification No.)

225 WEST WASHINGTON STREET

INDIANAPOLIS, INDIANA 46204

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 317. 636.1600

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1993 (§ 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  ¨

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.  ¨

ITEM 5.02          DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On August 6, 2025, Simon Property Group, Inc. (the “Company”) appointed Eli Simon, previously Executive Vice President – Chief Investment Officer of the Company, as Chief Operating Officer of the Company, effective as of August 6, 2025. Mr. Simon is also a director of the Company. A copy of the press release dated August 7, 2025, announcing Mr. Simon’s appointment is attached as Exhibit 99.1 to this report.

Eli Simon joined the Company in 2019 as Senior Vice President of Corporate Investments and was subsequently promoted to Executive Vice President – Chief Investment Officer, leading the Company’s investment strategy for both real estate and non-real estate investments, including new business sourcing, strategic corporate investments, and the execution of various real estate transactions. In the role of Chief Operating Officer, Eli Simon will work with David Simon, Chairman, Chief Executive Officer and President, on all aspects of the Company’s businesses including property performance, new development projects, the Company’s strategic investments, and its brand strategy.

Eli Simon is the son of Mr. David Simon, Chairman, Chief Executive Officer and President. Mr. Simon has no direct or indirect material interest in any transaction that would require disclosure under Item 404(a) of Regulation S-K other than those disclosed under the heading “Corporate Governance – Transactions with the Simons” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 1, 2025. There is no arrangement or understanding between Mr. Simon and any other person pursuant to which Mr. Simon was appointed as Chief Operating Officer. In connection with this promotion, Mr. Simon will receive an annual base salary of $800,000.

ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.		Description
Exhibit 99.1		Press release, dated August 7, 2025, issued by Simon Property Group, Inc.
104		The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:  August 7, 2025

	SIMON PROPERTY GROUP, INC.
	By:	/s/ Steven E. Fivel
		Steven E. Fivel
		General Counsel and Secretary

3

FAQ

When does Eli Simon become COO of SPG?

The promotion is effective 6 August 2025 according to the 8-K filing.

What is Eli Simon’s new salary at Simon Property Group?

He will receive an $800,000 annual base salary as Chief Operating Officer.

Is there a family relationship between Eli Simon and SPG’s CEO?

Yes. Eli Simon is the son of Chairman & CEO David Simon, as disclosed in the filing.

Did SPG report any financial results or guidance in this 8-K?

No. The 8-K focuses solely on the leadership change and contains no financial updates.

Does the filing mention related-party transactions involving Eli Simon?

The company states there are no additional material transactions beyond those in its 1 April 2025 proxy.