"The hard thing to get your head around is that these really well- respected managers would risk everything to fudge" these numbers. Brixmor shares dropped 22 percent to $20.77 at 1:31 p.m. in New York. Earlier Monday, they fell as much as 25 percent, their biggest decline on record. Among the employees who resigned were Chief Financial Officer Michael Pappagallo and Chief Accounting Officer Steven Splain, along with an unidentified accounting employee. Brixmor said it doesn't expect to have to restate its historical financial results. The company, which was slated to publish fourth-quarter earnings results Monday, rescheduled its release for Feb. 29. "The issues addressed in the press release are unrelated to any asset-level performance," Hurwitz said Monday on a conference call to address the resignations. "It's important to keep in mind that the strength and the quality of the portfolio is unchanged. The tenant performance at the assets and credit quality of cash flow is unaffected."