Macerich Co. Announces Board Changes and Executive Compensation Updates
Ticker: MAC · Form: 8-K · Filed: Jan 24, 2025 · CIK: 912242
Sentiment: neutral
Topics: governance, board-changes, executive-compensation
Related Tickers: MAC
TL;DR
Macerich board shakeup: Blank out, two new directors in. Exec pay details also filed.
AI Summary
On January 17, 2025, The Macerich Company (MAC) reported changes in its board of directors and executive compensation arrangements. Specifically, the company announced the departure of Director Arthur M. Blank and the election of two new directors, Elizabeth A. McClanahan and Michael J. Smith. Additionally, the filing details compensatory arrangements for certain 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: low — The filing primarily concerns routine corporate governance matters such as director changes and executive compensation, which typically carry a low inherent risk.
Key Players & Entities
- The Macerich Company (company) — Registrant
- Arthur M. Blank (person) — Departing Director
- Elizabeth A. McClanahan (person) — Newly Elected Director
- Michael J. Smith (person) — Newly Elected Director
- January 17, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from The Macerich Company's board of directors?
Arthur M. Blank has departed from The Macerich Company's board of directors as of January 17, 2025.
Who are the newly elected directors at The Macerich Company?
Elizabeth A. McClanahan and Michael J. Smith have been elected as new directors to The Macerich Company's board.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 17, 2025.
What specific items are covered under the 'ITEM INFORMATION' section of this filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the principal executive office address for The Macerich Company?
The principal executive offices of The Macerich Company are located at 401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-01-24 09:46:17
Key Financial Figures
- $0.01 — Common stock of The Macerich Company, $0.01 par value per share MAC The New Yor
Filing Documents
- d900621d8k.htm (8-K) — 26KB
- d900621dex991.htm (EX-99.1) — 7KB
- 0001193125-25-011858.txt ( ) — 156KB
- mac-20250117.xsd (EX-101.SCH) — 3KB
- mac-20250117_lab.xml (EX-101.LAB) — 18KB
- mac-20250117_pre.xml (EX-101.PRE) — 11KB
- d900621d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release dated January 24, 2025 104 Cover Page Interactive Data File (embedded the Inline XBRL document)
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 Jan. 24, 2025 /s/ Ann C. Menard Date Senior Executive Vice President, Chief Legal Officer and Secretary