Macy's Board and Executive Compensation Changes Announced
Ticker: M · Form: 8-K · Filed: Nov 26, 2024 · CIK: 794367
Sentiment: neutral
Topics: management-change, compensation
Related Tickers: M
TL;DR
Macy's shakes up its board and executive pay structure.
AI Summary
Macy's, Inc. announced on November 25, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its named executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can indicate underlying issues or strategic shifts that may affect the company's future performance and stock price.
Key Players & Entities
- Macy's, Inc. (company) — Registrant
- November 25, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 1-13536 (filing_number) — Commission File Number
- 13-3324058 (tax_id) — IRS Employer Identification No.
- 151 West 34th Street (address) — Address of Principal Executive Offices
- New York (city) — Principal Executive Offices City
- 10001 (zip_code) — Principal Executive Offices Zip
- ( 212 ) 494-1621 (phone_number) — Registrant's telephone number
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on November 25, 2024.
What is Macy's, Inc.'s state of incorporation?
Macy's, Inc. is incorporated in Delaware.
What is the Commission File Number for Macy's, Inc.?
The Commission File Number for Macy's, Inc. is 1-13536.
What is the business address of Macy's, Inc.?
The business address of Macy's, Inc. is 151 West 34th Street, New York, New York 10001.
Filing Stats: 422 words · 2 min read · ~1 pages · Grade level 11.5 · Accepted 2024-11-26 16:30:27
Filing Documents
- n-20241125.htm (8-K) — 22KB
- 0000794367-24-000203.txt ( ) — 141KB
- n-20241125.xsd (EX-101.SCH) — 2KB
- n-20241125_lab.xml (EX-101.LAB) — 21KB
- n-20241125_pre.xml (EX-101.PRE) — 12KB
- n-20241125_htm.xml (XML) — 3KB
From the Filing
n-20241125 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 25, 2024 MACY'S, INC. (Exact name of Registrant as Specified in its Charter) Delaware 1-13536 13-3324058 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 151 West 34th Street , New York , New York 10001 (Address of Principal Executive Offices) ( 212 ) 494-1621 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value per share M New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On November 25, 2024, Ashley Buchanan resigned as a director of Macy's, Inc. (the "Company"). Mr. Buchanan's decision to resign from the Board of Directors was not due to any disagreement with the Company, the Board of Directors or management regarding any matter relating to the Company's operations, policies, practices or otherwise. MACY'S, INC. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MACY'S, INC. Dated: November 25, 2024 By: /s/ Tracy M. Preston Name: Tracy M. Preston Title: Executive Vice President, Chief Legal Officer and Secretary