Macerich Elects New Directors, Reports Annual Meeting Results
Ticker: MAC · Form: 8-K · Filed: Jun 4, 2024 · CIK: 912242
Sentiment: neutral
Topics: corporate-governance, board-of-directors, auditor-appointment
Related Tickers: MAC
TL;DR
Macerich board gets new faces, shareholders re-elect old ones, PwC stays as auditor.
AI Summary
On May 30, 2024, The Macerich Company (MAC) announced the election of two new directors, Elizabeth A. Coffey and Michael A. Smith, to its Board of Directors. Additionally, the company reported on the results of its annual meeting of stockholders, where all nominated directors were re-elected, and the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified.
Why It Matters
The election of new directors and the ratification of auditor appointments are standard corporate governance actions that can signal changes in strategic direction or financial oversight.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as director elections and auditor ratification, which typically carry low risk.
Key Players & Entities
- The Macerich Company (company) — Registrant
- Elizabeth A. Coffey (person) — Newly elected director
- Michael A. Smith (person) — Newly elected director
- PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
- May 30, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to The Macerich Company's Board?
Elizabeth A. Coffey and Michael A. Smith were elected as new directors.
What was the outcome of the annual meeting of stockholders regarding director elections?
All nominated directors were re-elected at the annual meeting of stockholders.
Who was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2024?
PricewaterhouseCoopers LLP was appointed as the independent registered public accounting firm.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on May 30, 2024.
What is the principal executive office address for The Macerich Company?
The principal executive office is located at 401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401.
Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-06-04 16:01:27
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-20240530.htm (8-K) — 47KB
- 0000912242-24-000109.txt ( ) — 173KB
- mac-20240530.xsd (EX-101.SCH) — 2KB
- mac-20240530_lab.xml (EX-101.LAB) — 22KB
- mac-20240530_pre.xml (EX-101.PRE) — 13KB
- mac-20240530_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
ITEM 5.07 Submission of Matters to a Vote of Security Holders. The Company held the Annual Meeting on May 30, 2024. At the Annual Meeting, the Company's stockholders (1) elected the seven nominees listed below to serve as directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualified, (2) approved the Amendment; (3) approved the compensation of the Company's named executive officers and (4) ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Proposal 1: Election of Seven Directors to Serve Until the Next Annual Meeting of Stockholders and Until Their Respective Successors are Duly Elected and Qualified. For Against Abstentions Broker Non- Votes Eric K. Brandt 145,481,608 29,564,475 84,957 17,545,289 Steven R. Hash 167,593,385 7,453,297 84,358 17,545,289 Enrique Hernandez, Jr. 167,201,128 7,842,423 87,489 17,545,289 Daniel J. Hirsch 165,940,577 8,894,766 295,697 17,545,289 Jackson Hsieh 173,838,143 536,863 756,034 17,545,289 Marianne Lowenthal 173,766,617 586,303 778,120 17,545,289 Andrea M. Stephen 171,392,659 3,654,690 83,691 17,545,289 Proposal 2: Approval of Amendment to the Employee Stock Purchase Plan. For Against Abstentions Broker Non- Votes 171,630,273 3,396,943 103,824 17,545,289 Proposal 3: Advisory Vote to Approve the Compensation of the Company's Named Executive Officers. For Against Abstentions Broker Non- Votes 158,440,561 15,884,105 806,374 17,545,289 Proposal 4: Ratification of the Appointment of KPMG LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2024. For Against Abstentions 190,700,654 1,875,992 99,683 There were no broker non-votes for Proposal 4. 2
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 First Amendment to The Macerich Company Employee Stock Purchase Plan (incorporated by reference as an exhibit to the Company's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on May 30, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
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 June 4, 2024 /s/ Ann C. Menard Date Senior Executive Vice President, Chief Legal Officer and Secretary 4