MACERICH REPORTS OFFICER/DIRECTOR CHANGES, COMPENSATION ARRANGEMENTS
Ticker: MAC · Form: 8-K · Filed: Feb 5, 2024 · CIK: 912242
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, governance
TL;DR
**Macerich just reported executive changes and new pay deals, watch for strategic shifts.**
AI Summary
The Macerich Company filed an 8-K on February 5, 2024, reporting an event on February 1, 2024, related to changes in its directors or officers and their compensation arrangements. This filing also includes a Regulation FD Disclosure and financial statements/exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty regarding future company performance and strategic direction, posing a moderate risk to investors.
Analyst Insight
Investors should monitor subsequent filings or press releases from The Macerich Company for specific details regarding the changes in directors/officers and compensatory arrangements, as these specifics will determine the actual impact on the company's future outlook.
Key Players & Entities
- The Macerich Company (company) — Registrant as Specified in its Charter
- February 1, 2024 (date) — Date of Earliest Event Reported
- February 5, 2024 (date) — Filed As Of Date
- MAC (company) — Trading symbol for Common stock
- New York Stock Exchange (company) — Exchange where MAC is registered
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 1, 2024.
What specific items were disclosed in this 8-K filing by The Macerich Company?
The 8-K filing disclosed information under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
What is the trading symbol and exchange for The Macerich Company's common stock?
The trading symbol for The Macerich Company's common stock is MAC, and it is registered on The New York Stock Exchange.
When was this 8-K filing submitted to the SEC?
This 8-K filing was filed as of February 5, 2024.
What is the business address and phone number of The Macerich Company as listed in the filing?
The business address of The Macerich Company is 401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401, and its telephone number is (310) 394-6000.
Filing Stats: 2,633 words · 11 min read · ~9 pages · Grade level 15.6 · Accepted 2024-02-05 07:01:04
Key Financial Figures
- $0.01 — Common stock of The Macerich Company, $0.01 par value per share MAC The New Yor
- $1,000,000 — Mr. Hsieh's annual base salary will be $1,000,000 and he will have the potential to earn
- $5,000,000 — having a grant date fair value equal to $5,000,000, pursuant to the terms of the applicabl
- $6,500,000 — , with a grant date fair value equal to $6,500,000 granted in the following allocations: 3
- $800,000 — Mr. Coppola's final base salary rate of $800,000, with the amount of the bonus based 75%
- $2,000,000 — Coppola for 2023 shall not be less than $2,000,000; (ii) a lump sum amount representing 36
Filing Documents
- d755825d8k.htm (8-K) — 42KB
- d755825dex991.htm (EX-99.1) — 9KB
- 0001193125-24-023427.txt ( ) — 179KB
- mac-20240201.xsd (EX-101.SCH) — 3KB
- mac-20240201_lab.xml (EX-101.LAB) — 18KB
- mac-20240201_pre.xml (EX-101.PRE) — 11KB
- d755825d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are filed as part of this Current Report on Form 8-K. Exhibit Number Description 99.1 Press Release, dated February 5, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, The Macerich Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE MACERICH COMPANY February 5, 2024 By: /s/ Scott W. Kingsmore Date Scott W. Kingsmore Senior Executive Vice President Chief Financial Officer and Treasurer 5