Macerich Appoints New Directors, Renews CFO Agreement
Ticker: MAC · Form: 8-K · Filed: Mar 26, 2024 · CIK: 912242
Sentiment: neutral
Topics: board-changes, executive-compensation
Related Tickers: MAC
TL;DR
Macerich adds 2 directors, Aiken's CFO deal is set.
AI Summary
On March 20, 2024, The Macerich Company announced changes to its Board of Directors. Thomas E. Dooley and Jeanette L. Bates have been appointed as Class II directors, effective immediately. Additionally, the company has entered into a new employment agreement with its Chief Financial Officer, John A. Aiken.
Why It Matters
These board changes and executive compensation adjustments signal potential shifts in the company's strategic direction and leadership stability.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and executive employment agreements, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- The Macerich Company (company) — Registrant
- Thomas E. Dooley (person) — Appointed Class II Director
- Jeanette L. Bates (person) — Appointed Class II Director
- John A. Aiken (person) — Chief Financial Officer
FAQ
Who were the new directors appointed to The Macerich Company's Board?
Thomas E. Dooley and Jeanette L. Bates were appointed as Class II directors.
When were the new directors' appointments effective?
The appointments were effective as of March 20, 2024.
What other significant event was reported in this 8-K filing?
The company also reported entering into a new employment agreement with its Chief Financial Officer, John A. Aiken.
What is the state of incorporation for The Macerich Company?
The Macerich Company is incorporated in Maryland.
What is the principal executive office address for The Macerich Company?
The principal executive offices are located at 401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401.
Filing Stats: 533 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-03-26 16:35:52
Key Financial Figures
- $0.01 — Common stock of The Macerich Company, $0.01 par value per share MAC The New York St
Filing Documents
- mac-20240320.htm (8-K) — 25KB
- 0000912242-24-000036.txt ( ) — 148KB
- mac-20240320.xsd (EX-101.SCH) — 2KB
- mac-20240320_lab.xml (EX-101.LAB) — 22KB
- mac-20240320_pre.xml (EX-101.PRE) — 13KB
- mac-20240320_htm.xml (XML) — 3KB
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 By: ANN C. MENARD March 26, 2024 /s/ Ann C. Menard Date Senior Executive Vice President, Chief Legal Officer and Secretary 3