Stephen H. Marcus retires as chairman; Gregory S. Marcus named chairman effective immediately

MARCUS CORP

Stephen H. Marcus voluntarily retired from Board (since 1969) and chairman (since 1991), effective May 23, 2023; no disagreement cited.
Named chairman emeritus with advisory agreement: $525,000 annual salary plus EBITDA-linked bonus for life (and spouse's life thereafter).
Gregory S. Marcus unanimously appointed chairman, retaining his roles as CEO and president of the company.
Philip Milstein, lead independent director, expressed confidence in Greg Marcus to continue advancing growth and performance.

item 5.02 item 9.01

Executive movements

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Appointed

Gregory S. Marcus

Chairman of the Board

MCS · MARCUS CORP

Effective: 2023-05-23
Filed: May 23, 2023, 7:59 PM ET

The Company also announced on May 23, 2023 that Gregory S. Marcus will succeed Mr. Stephen Marcus as chairman of the Board effective as of the date thereof.

Departed

Stephen H. Marcus

Chairman of the Board

MCS · MARCUS CORP

Effective: 2023-05-23
Successor: Gregory S. Marcus
Filed: May 23, 2023, 7:59 PM ET

On May 23, 2023, The Marcus Corporation (the “Company”) announced that Stephen H. Marcus voluntarily retired from the Board of Directors (the “Board”) and as its chairman, effective as of the 2023 annual meeting of shareholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Gregory S. Marcus was appointed as Chairman of the Board at MARCUS CORP.

Action: appointed
Role: Chairman of the Board

Exact text from the filing

The Company also announced on May 23, 2023 that Gregory S. Marcus will succeed Mr. Stephen Marcus as chairman of the Board effective as of the date thereof.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen H. Marcus retired as Chairman of the Board at MARCUS CORP.

Action: retired
Role: Chairman of the Board

Exact text from the filing

On May 23, 2023, The Marcus Corporation (the “Company”) announced that Stephen H. Marcus voluntarily retired from the Board of Directors (the “Board”) and as its chairman, effective as of the 2023 annual meeting of shareholders.

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MARCUS CORP filing history →

Source: SEC EDGAR

accession 0000062234-23-000031

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