Tanger (SKT) Proxy filing summary

Executive summary

• Achieved strong 2025 financial results with organic growth, record leasing, high occupancy, and NOI expansion; added two new centers and increased dividends by 6% over 2024, resulting in a 110% 3-year and 313% 5-year TSR, outperforming industry benchmarks.

• Strengthened balance sheet with $1.6B in debt, low floating rate exposure, and over $1B in liquidity post-January 2026 financing; no significant maturities until September 2026.

• Board leadership transition: Steven B. Tanger retires as Non-Executive Chair, becomes Chair Emeritus; Luis Ubiñas to become Non-Executive Chair; Board size reduced from nine to eight.

• Continued focus on stakeholder engagement, recognized with Nareit Investor CARE Gold Award for investor communications.

Voting matters and shareholder proposals

• Election of eight director nominees for one-year terms expiring at the 2027 Annual Meeting.

• Ratification of Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2026.

• Advisory (non-binding) approval of executive compensation (Say-on-Pay).

• Procedures for shareholder proposals and director nominations for the 2027 meeting outlined.

Board of directors and corporate governance

• Board will be 87% independent post-meeting, with diverse backgrounds in gender, ethnicity, and expertise.

• All committees (Audit, Compensation and Human Capital, Nominating and Corporate Governance) are fully independent.

• Annual board evaluations, majority voting in uncontested elections, and no stockholder rights plan.

• Board and committees oversee strategy, risk, and succession planning; robust anti-hedging and share ownership policies in place.