secwatch.observer — SEC 8-K summary
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Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0000794367-23-000030
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000079436723000030/0000794367-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000079436723000030/n-20230329.htm
  HTML page:      https://secwatch.observer/filing/0000794367-23-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer