secwatch.observer — SEC 8-K summary
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Issuer:     Macy's, Inc. (M)
CIK:        0000794367
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0000794367-24-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Macy's appoints Tony Spring as CEO effective Feb 4, 2024; Jeff Gennette retires after 40 years
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- Tony Spring, age 58, becomes CEO and Chairman-Elect on Feb 4, 2024, succeeding Jeff Gennette.
- Jeff Gennette retires as CEO after 40 years, remains Non-Executive Chairman until 2024 annual meeting.
- Spring receives $1.3M base salary, 200% target incentive, $8.5M annual equity grant, and $4M one-time equity grant.
- Gennette gets $90K board retainer, $160K cash in lieu of equity, and $200K chair retainer, pro-rated.
- Spring has 36 years at Bloomingdale's and served as President and CEO-Elect since 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794367/000079436724000010/0000794367-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794367/000079436724000010/n-20240202.htm
  HTML page:      https://secwatch.observer/filing/0000794367-24-000010

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