UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported) May 26, 2016

 

THE MACERICH COMPANY

(Exact Name of Registrant as Specified in Charter)

 

MARYLAND

 

1-12504

 

95-4448705

(State or Other Jurisdiction of

 

(Commission File Number)

 

(IRS Employer Identification No.)

Incorporation)

 

 

 

 

 

401 Wilshire Boulevard, Suite 700, Santa Monica, California

 

90401

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (310) 394-6000

 

N/A

(Former Name or Former Address, if Changed Since Last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 5.02                                  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

The Board of Directors of The Macerich Company (the “Company”) previously approved, subject to stockholder approval, The Macerich Company 2003 Equity Incentive Plan, as amended and restated (the “2003 Incentive Plan”), that would, among other things, (1) increase the aggregate share limit by an additional 6,000,000 shares, (2) eliminate the fungible share counting provision, (3) extend the term of the 2003 Incentive Plan until May 26, 2026, (4) provide for “double trigger” change in control vesting acceleration unless expressly provided for otherwise in the award agreement, and (5) subject all awards granted under the 2003 Incentive Plan to our Company’s clawback policy. As reported under Item 5.07 below, the Company’s stockholders approved the 2003 Incentive Plan at its Annual Meeting of Stockholders held on May 26, 2016 (the “Annual Meeting”). The 2003 Incentive Plan is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

ITEM 5.07                                  Submission of Matters to a Vote of Security Holders.

 

The Company held its Annual Meeting on May 26, 2016. At the Annual Meeting, the Company’s stockholders (1) elected the ten nominees listed below to serve as directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualified, (2) ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2016, (3) approved the compensation of the Company’s named executive officers, and (4) approved the 2003 Incentive Plan.

 

Proposal 1:                               Election of Ten Directors to Serve Until the Next Annual Meeting of Stockholders and Until Their Respective Successors are Duly Elected and Qualified.

 

 

 

       For       

 

      Against      

 

  Abstensions  

 

Broker Non-
Votes

 

John H. Alschuler

 

135,573,677

 

667,299

 

52,201

 

4,161,941

 

Arthur M. Coppola

 

132,842,747

 

3,011,645

 

438,785

 

4,161,941

 

Edward C. Coppola

 

128,331,682

 

7,909,695

 

51,800

 

4,161,941

 

Steven R. Hash

 

135,573,591

 

668,227

 

51,359

 

4,161,941

 

Fred S. Hubbell

 

130,148,399

 

6,091,644

 

53,114

 

4,161,941

 

Diana M. Laing

 

132,109,287

 

4,132,715

 

51,175

 

4,161,941

 

Mason G. Ross

 

133,807,959

 

2,431,009

 

54,209

 

4,161,941

 

Steven L. Soboroff

 

134,072,666

 

2,165,790

 

54,721

 

4,161,941

 

Andrea M. Stephen

 

130,926,898

 

5,314,752

 

51,527

 

4,161,941

 

John M. Sullivan

 

127,635,008

 

8,605,782

 

52,387

 

4,161,941

 

 

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Proposal 2:                               Ratification of the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2016.

 

         For        

 

        Against        

 

  Abstensions  

 

 

 

140,348,544

 

47,020

 

59,554

 

 

 

 

There were no broker non-votes for Proposal 2.

 

Proposal 3:                               Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers.

 

         For        

 

        Against        

 

  Abstensions  

 

Broker Non-
Votes

 

132,208,549

 

3,425,956

 

658,672

 

4,161,941

 

 

Proposal 4:                               Approval of the 2003 Incentive Plan.

 

         For        

 

        Against        

 

  Abstensions  

 

Broker Non-
Votes

 

132,499,328

 

3,731,664

 

62,185

 

4,161,941

 

 

ITEM 9.01                                  Financial Statements and Exhibits.

 

(d)                                 Exhibits

 

10.1*                 The Macerich Company 2003 Equity Incentive Plan, as amended and restated as of May 26, 2016.

 


*                                         Represents a management contract, or compensatory plan, contract or arrangement required to be filed pursuant to Regulation S-K.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, The Macerich Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

THE MACERICH COMPANY

 

 

 

By: THOMAS J. LEANSE

 

 

 

 

 

June 1, 2016

 

/s/ Thomas J. Leanse

Date

 

Senior Executive Vice President,

 

 

Chief Legal Officer and Secretary

 

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EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

10.1*

 

The Macerich Company 2003 Equity Incentive Plan, as amended and restated as of May 26, 2016.

 


*                                         Represents a management contract, or compensatory plan, contract or arrangement required to be filed pursuant to Regulation S-K.

 

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