Macy's, Inc. Files 8-K: Officer/Director Changes & Compensation
Ticker: M · Form: 8-K · Filed: Jan 6, 2025 · CIK: 794367
Sentiment: neutral
Topics: management-change, compensation, corporate-governance
TL;DR
Macy's board shakeup and comp plan changes filed. Watch for new strategy.
AI Summary
On January 6, 2025, Macy's, Inc. filed an 8-K report detailing the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements. The filing also includes information on Regulation FD disclosures and financial statements and exhibits.
Why It Matters
Changes in corporate leadership and compensation structures can signal shifts in company strategy and governance, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can indicate internal shifts that may affect future performance and strategy.
Key Players & Entities
- Macy's, Inc. (company) — Registrant
- January 6, 2025 (date) — Date of earliest event reported
FAQ
What specific officer or director positions were affected by the changes reported on January 6, 2025?
The filing indicates the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements, but does not specify individual names or positions in the provided text.
Are there any details regarding the new compensatory arrangements for officers mentioned in the filing?
The filing states that there are updates to compensatory arrangements of certain officers, but the specific details of these arrangements are not provided in the excerpt.
What is the significance of the Regulation FD Disclosure mentioned in the filing?
Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed broadly to all investors, preventing selective disclosure.
What types of financial statements and exhibits are included with this 8-K filing?
The filing indicates that financial statements and exhibits are included, but the specific nature or content of these documents is not detailed in the provided text.
What is Macy's, Inc.'s state of incorporation and IRS Employer Identification Number?
Macy's, Inc. is incorporated in Delaware and its IRS Employer Identification Number is 13-3324058.
Filing Stats: 632 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2025-01-06 08:02:54
Filing Documents
- n-20250106.htm (8-K) — 25KB
- finalmboardappointmentrele.htm (EX-99.1) — 9KB
- image_0.jpg (GRAPHIC) — 11KB
- 0000794367-25-000008.txt ( ) — 171KB
- n-20250106.xsd (EX-101.SCH) — 2KB
- n-20250106_lab.xml (EX-101.LAB) — 21KB
- n-20250106_pre.xml (EX-101.PRE) — 12KB
- n-20250106_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 6, 2025, Macy's, Inc. ("Macy's" or the "Company") announced that the Board of Directors elected Robert Chavez as an independent director, effective April 1, 2025. Mr. Chavez is the former President and Chief Executive Officer of Herms Americas, a division of Herms International Socit. Mr. Chavez will participate in Macy's standard non-employee director compensation arrangements described in the proxy statement for Macy's annual meeting of shareholders held on May 17, 2024 under the caption "Further Information Concerning the Board of Directors." The Company also announced that Sara Levinson will not stand for reelection at the Company's 2025 Annual Meeting of Shareholders in accordance with the mandatory retirement age of the Board's Corporate Governance Principles. Ms. Levinson will remain a director until the end of the annual meeting.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. A press release related to the matters described in Item 5.02 of this Current Report on Form 8-K is furnished herewith as Exhibit 99.1 and incorporated in this Item 7.01 by reference. The information in Exhibit 99.1 is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the "Exchange Act") or otherwise subject to the liabilities of that Section, and shall not be or be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release of Macy's dated January 6, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 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: January 6, 2025 By: /s/ Tracy M. Preston Name: Tracy M. Preston Title: Executive Vice President, Chief Legal Officer and Secretary