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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macys Inc | NYSE:M | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.02 | -0.10% | 19.60 | 19.725 | 19.43 | 19.57 | 3,483,476 | 01:00:00 |
Delaware
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1-13536
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13-3324058
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $.01 par value per share
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M
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New York Stock Exchange
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Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Annual base salary of $375,000; annual target incentive opportunity of 40% of base salary under the Senior Executive Incentive Compensation Plan; and a target annual equity grant with a grant date value of $400,000 under the 2018 Equity and Incentive Compensation Plan, in a combination of performance-based restricted stock units and time-based restricted stock units, weighted 30% and 70%, respectively, based on grant date fair value. The performance-based restricted stock units will vest at the end of a three-year performance period based on performance against pre-determined goals and the time-base restricted stock units will vest 25% on each of the four anniversaries of the grant date. Annual incentive opportunity and annual equity grant will be prorated to August 1 for fiscal 2020 and is inclusive of core RSU awards granted July 9, 2020.
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Participation in the Company’s Senior Executive Severance Plan and Change in Control Plan.
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Dated: August 28, 2020
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MACY’S, INC.
By:/s/ Elisa D. Garcia
Name: Elisa D. Garcia
Title: Chief Legal Officer and Secretary
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1 Year Macys Chart |
1 Month Macys Chart |
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