On January 7, 2015, Thomas J. DeRosa, a director of CBL & Associates Properties Inc. notified the Company of his decision to retire from the Board of Directors, effective as of such date. Mr. DeRosa has served as a director of the Company since 2010. He advised the company that his decision to retire from the Board of Directors at this time was made due to the time constraints and commitment required to carry out his role as Chief Executive Officer of Health Care REIT Inc. and was not the result of any disagreement with the company on any matter, including any matter relating to the company's operations, policies or practices.