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Last $76.77 USD
Change Today +2.17 / 2.91%
Volume 1.2M
MAC On Other Exchanges
As of 8:04 PM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

macerich co/the (MAC) Snapshot

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52 Week High
03/16/15 - $95.93
52 Week Low
09/26/14 - $62.62
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Current Stock Chart for MACERICH CO/THE (MAC)

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macerich co/the (MAC) Details

The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. The Macerich Company was founded in 1964 and is headquartered in Santa Monica, California with additional offices in Phoenix, Arizona; Dallas, Texas; Pittsford, New York.

976 Employees
Last Reported Date: 02/23/15
Founded in 1965

macerich co/the (MAC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.0M
President and Director
Total Annual Compensation: $800.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $550.0K
Executive Vice President of Leasing
Total Annual Compensation: $500.0K
Chief Legal Officer, Senior Executive Vice Pr...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

macerich co/the (MAC) Key Developments

The Macerich Company Approves Executive Changes

On May 28, 2015, pursuant to the Guidelines on Corporate Governance of The Macerich Company and as a result of the failure of each of Douglas D. Abbey and Stanley A. Moore to receive a sufficient number of votes for re-election at the company’s 2015 Annual Meeting of stockholders Abbey and Moore each tendered his resignation from the Board of Directors of the company. Following the Annual Meeting, consistent with the company’s Guidelines on Corporate Governance, the Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, accepted the tendered resignations from Abbey and Moore, effective as of May 28, 2015. The company's shareholders at its meeting also approved the appointment of John H. Alschuler and Steven R. Hash as directors.

Macerich Announces Opening of VITA Residences at Tysons Corner Center

Macerich announced the opening of VITA Tysons Corner, a new 30-story luxury apartment tower that completes the company's mixed-use urban expansion project at Tysons Corner in Northern Virginia, just outside Washington, D.C. The first residents are now moving in to the 429-unit VITA. Macerich's large-scale vertical densification at Tysons Corner also includes the 18-story, 300-room Hyatt Regency hotel, which opened in April, and the multiple award-winning, 22-story Tysons Tower trophy office building. The entire expansion project leverages and enhances the success of Macerich's Tysons Corner Center. Kettler, one of the region's top multifamily developers and operators, developed and will manage VITA at Tysons Corner.

The Macerich Company Announces Board Changes

The Macerich Company announced the addition of two new independent directors and a plan to terminate its stockholder rights plan and declassify its Board of Directors. Under the plan announced, the board has added two new independent director nominees to stand for election at the 2015 Annual Meeting of Stockholders. John Alschuler, Chairman of HR&A Advisors Inc., an economic development, real-estate and public policy consulting organization, and Steven R. Hash, former Head of Global Equity Research and of Real Estate Investment Banking at Lehman Brothers and current President and Chief Operating Officer of Renaissance Macro Research, will be added to the Company's slate and eligible to join the Board following the 2015 Annual Meeting.  Messrs. Alschuler and Hash are distinguished and highly respected executives with deep real estate and finance experience, and have a track record of delivering value to stockholders as directors of publicly traded companies. In connection with the addition of the new nominees, Dana Anderson and Dr. William P. Sexton have agreed to step down from the Board following the Annual Meeting. Since 2008, John H. Alschuler has served as Chairman of HR&A Advisors Inc., an economic development, real-estate and public policy consulting organization. Mr. Alschuler served as Board Chair and is currently Emeritus Chair of Friends of the High Line Inc. and is a Board Member of Center for an Urban Future. Steven R. Hash is currently the President and Chief Operating Officer of Renaissance Macro Research, LLC.


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