$M·8-K

Macy's, Inc. · Mar 26, 4:15 PM ET

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Macy's, Inc. 8-K

Research Summary

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Macy's, Inc. Announces Three Directors Will Not Seek Re‑Election; Board Size Cut to 10

What Happened Macy's, Inc. filed an 8-K on March 26, 2026, reporting that directors Richard Clark, Douglas W. Sesler and Tracey Zhen notified the Board on March 25, 2026 that they will not stand for re-election at the company’s annual meeting on May 15, 2026. The company said these departures were not the result of any dispute or disagreement with Macy’s. The Board approved reducing its size from 13 to ten members effective as of the 2026 Annual Meeting.

Key Details

  • Three directors — Richard Clark, Douglas W. Sesler and Tracey Zhen — notified Macy’s on March 25, 2026 they will not seek re-election.
  • Macy’s Board size will decrease from 13 members to ten members effective at the May 15, 2026 annual meeting.
  • The company stated the reduction is intended to improve Board efficiency, performance and effectiveness while retaining flexibility to change composition in the future.
  • Filing signed by Tracy M. Preston, EVP, Chief Legal Officer and Corporate Secretary (dated March 26, 2026).

Why It Matters Board composition changes are governance events investors watch because they affect oversight and strategic guidance for the company. Macy’s is formally reducing the number of seats available at the upcoming annual meeting and has confirmed the departures are voluntary and not due to disputes. Retail investors may want to note the date of the annual meeting (May 15, 2026) for any related proxy materials or nominee updates the company will release.

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