Macy's Files Proxy Statement for Shareholder Meeting
Ticker: M · Form: DEFA14A · Filed: Mar 4, 2024 · CIK: 794367
Sentiment: neutral
Topics: proxy-statement, governance, shareholder-meeting
TL;DR
Macy's proxy statement is out - time to vote on directors & exec pay.
AI Summary
Macy's, Inc. filed a Definitive Proxy Statement (DEFA14A) on March 4, 2024, for its annual shareholder meeting. The filing outlines the company's governance, executive compensation, and proposals to be voted on by shareholders. Key items likely include the election of directors and approval of executive compensation plans.
Why It Matters
This filing provides shareholders with crucial information to make informed voting decisions on company leadership and executive pay, impacting the company's strategic direction and financial health.
Risk Assessment
Risk Level: low — This is a standard proxy filing, providing information for shareholder voting, and does not inherently present new financial risks.
Key Players & Entities
- Macy's, Inc. (company) — Registrant
- FEDERATED DEPARTMENT STORES INC /DE/ (company) — Former Company Name
- R H MACY & CO INC (company) — Former Company Name
- MACY ACQUIRING CORP (company) — Former Company Name
FAQ
What is the purpose of a DEFA14A filing?
A DEFA14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming shareholder meeting, providing details on matters to be voted upon.
When was this DEFA14A filed by Macy's, Inc.?
Macy's, Inc. filed this DEFA14A on March 4, 2024.
What is Macy's, Inc.'s Central Index Key (CIK)?
Macy's, Inc.'s Central Index Key (CIK) is 0000794367.
What is Macy's, Inc.'s Standard Industrial Classification (SIC) code?
Macy's, Inc.'s Standard Industrial Classification (SIC) code is 5311, which corresponds to RETAIL-DEPARTMENT STORES.
Has Macy's, Inc. operated under other names previously?
Yes, Macy's, Inc. has operated under former names including FEDERATED DEPARTMENT STORES INC /DE/, R H MACY & CO INC, and MACY ACQUIRING CORP.
Filing Stats: 1,075 words · 4 min read · ~4 pages · Grade level 14.3 · Accepted 2024-03-04 17:28:15
Key Financial Figures
- $24.00 — e outstanding shares of the Company for $24.00 per share in cash. The Macy’s, I
Filing Documents
- tm247901d1_defa14a.htm (DEFA14A) — 19KB
- 0001104659-24-030558.txt ( ) — 20KB
Forward-Looking Statements
Forward-Looking Statements All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including Macy’s ability to successfully execute against its five growth vectors, including the ability to realize the anticipated benefits associated with the strategy, conditions to, or changes in the timing of proposed real estate and other transactions, prevailing interest rates and non-recurring charges, the effect of potential changes to trade policies, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet and catalogs and general consumer spending levels, including the impact of the availability and level of consumer debt, possible systems failures and/or security breaches, the potential for the incurrence of charges in connection with the impairment of intangible assets, including goodwill, declines in credit card revenues, Macy’s reliance on foreign sources of production, including risks related to the disruption of imports by labor disputes, regional or global health pandemics, and regional political and economic conditions, the effect of weather, inflation, inventory shortage, labor shortages, the amount and timing of future dividends and share repurchases, our ability to execute on our strategies and achieve expectations related to environmental, social, and governance matters, and other factors identified in documents filed by the company with the Securities and Exchange Commission, including under the captions