8-K filed March 29, 2023, 7:59 PM ET ticker M CIK 0000794367

leadership confidence high sentiment positive materiality 0.60

Macy's CEO Jeff Gennette to retire Feb 2024; Tony Spring named president and CEO-elect

Macy's, Inc.

Jeff Gennette (61) plans to retire in February 2024 after 40 years with Macy's.
Tony Spring (58) appointed President and CEO-elect immediately; will become CEO in Feb 2024.
Spring's compensation: $1M base salary, 135% target bonus, $4M annual equity (50% RSU, 50% PSU).
Adrian Mitchell's role expanded to COO and CFO; $950K base, $3.3M annual equity, $3M one-time RSU.
Board increased to 16 members effective April 1, 2023; Spring joins board.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Adrian V. Mitchell

Chief Operating Officer and Chief Financial Officer

M · Macy's, Inc.

Effective: 2023-03-29
Filed: March 29, 2023, 7:59 PM ET

Adrian V. Mitchell, age 49, Chief Financial Officer of the Company, has been appointed Chief Operating Officer and Chief Financial Officer of the Company with an increased scope of responsibilities.

Departed

Jeff Gennette

Chairman and Chief Executive Officer

M · Macy's, Inc.

Successor: Tony Spring
Filed: March 29, 2023, 7:59 PM ET

Jeff Gennette, age 61, Chairman and Chief Executive Officer of the Company, plans to retire at the end of fiscal 2023 after 40 years of service.

Appointed

Tony Spring

President and CEO-Elect

M · Macy's, Inc.

Effective: 2023-03-29
Filed: March 29, 2023, 7:59 PM ET

Tony Spring, age 58, Executive Vice President Macy’s and Chairman and Chief Executive Officer Bloomingdale’s, has been appointed President and CEO-Elect of the Company, effective immediately

Appointed

Tony Spring

Member of the Board of Directors

M · Macy's, Inc.

Effective: 2023-04-01
Filed: March 29, 2023, 7:59 PM ET

a member of the Company’s Board of Directors, effective April 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adrian V. Mitchell was appointed as Chief Operating Officer and Chief Financial Officer at Macy's, Inc..

Action: appointed
Role: Chief Operating Officer and Chief Financial Officer

Exact text from the filing

Adrian V. Mitchell, age 49, Chief Financial Officer of the Company, has been appointed Chief Operating Officer and Chief Financial Officer of the Company with an increased scope of responsibilities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Gennette departed as Chairman and Chief Executive Officer at Macy's, Inc..

Action: retire
Role: Chairman and Chief Executive Officer

Exact text from the filing

Jeff Gennette, age 61, Chairman and Chief Executive Officer of the Company, plans to retire at the end of fiscal 2023 after 40 years of service.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tony Spring was appointed as President and CEO-Elect at Macy's, Inc..

Action: appointed
Role: President and CEO-Elect

Exact text from the filing

Tony Spring, age 58, Executive Vice President Macy’s and Chairman and Chief Executive Officer Bloomingdale’s, has been appointed President and CEO-Elect of the Company, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Tony Spring was appointed as Member of the Board of Directors at Macy's, Inc..

Action: appointed
Role: Member of the Board of Directors

Exact text from the filing

a member of the Company’s Board of Directors, effective April 1, 2023.

View on SEC.gov

Macy's, Inc. filing history →

Source: SEC EDGAR

accession 0000794367-23-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.