The Marcus Corporation Announces Resignation of Kirk A. Rose

  The Marcus Corporation Announces Resignation of Kirk A. Rose

Business Wire

MILWAUKEE -- September 24, 2013

The Marcus Corporation (NYSE: MCS) today announced the resignation of Kirk A.
Rose, president of Marcus Hotels & Resorts. Rose, who joined the company in
January 2013, is leaving to pursue an opportunity to return to his roots in
finance as the chief financial officer of a family office based in Chicago.

Gregory S. Marcus, president and chief executive officer of The Marcus
Corporation, said a search for a replacement is already underway. During the
search process, Thomas F. Kissinger, senior executive vice president, general
counsel and secretary, will lead the Marcus Hotels & Resorts division. In
addition, William H. Reynolds, Jr., senior managing director of MCS Capital
LLC, The Marcus Corporation’s hotel investment affiliate, will add oversight
of all hotel development activities to his responsibilities.

“Our team has deep bench strength and I am confident we will continue to
successfully operate and grow our highly regarded hotel and resort business,”
said Marcus. “While we would have preferred to have Kirk remain with us for
many years, the contributions he has made will have a lasting impact on the
company.”

About The Marcus Corporation

Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in
the lodging and entertainment industries, with significant company-owned real
estate assets. The Marcus Corporation’s theatre division, Marcus Theatres^®,
currently owns or manages 685 screens at 55 locations in Wisconsin, Illinois,
Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging
division, Marcus^® Hotels & Resorts, owns and/or manages 20 hotels, resorts
and other properties in 11 states. For more information, please visit the
company’s website at www.marcuscorp.com.

Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may generally be identified as such because the
context of such statements include words such as we “believe,” “anticipate,”
“expect” or words of similar import. Similarly, statements that describe our
future plans, objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties
which may cause results to differ materially from those expected, including,
but not limited to, the following: (1) the availability, in terms of both
quantity and audience appeal, of motion pictures for our theatre division, as
well as other industry dynamics such as the maintenance of a suitable window
between the date such motion pictures are released in theatres and the date
they are released to other distribution channels; (2) the effects of
increasing depreciation expenses, reduced operating profits during major
property renovations, and preopening and start-up costs due to the capital
intensive nature of our businesses; (3) the effects of adverse economic
conditions in our markets, particularly with respect to our hotels and resorts
division; (4) the effects of adverse weather conditions, particularly during
the winter in the Midwest and in our other markets; (5) the effects on our
occupancy and room rates of the relative industry supply of available rooms at
comparable lodging facilities in our markets; (6) the effects of competitive
conditions in our markets; (7) our ability to identify properties to acquire,
develop and/or manage and the continuing availability of funds for such
development; and (8) the adverse impact on business and consumer spending on
travel, leisure and entertainment resulting from terrorist attacks in the
United States or incidents such as the tragedy in a movie theatre in Colorado.
Shareholders, potential investors and other readers are urged to consider
these factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking statements. The
forward-looking statements made herein are made only as of the date of this
press release and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.

Contact:

The Marcus Corporation
Douglas A. Neis, (414) 905-1100
 
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