Macy's claws back over $600K in exec bonuses [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance
Macy's is clawing back over $600,000 in executive bonus compensation after determining its previously reported $151 million accounting error led to overinflated pay , according to a securities filing. The New York-based department store chain tied executives' cash bonuses to adjusted 2023 EBITDA, among other metrics; given the $151 million error correction, EBITDA for that year was overstated by just over $81 million, which shifted overall payout under the company's 2023 annual incentive plan, or STI plan, from “60.47% to 51.59% of target,” according to the filing Tuesday with the Securities and Exchange Commission. As a consequence, the company issued “erroneously awarded compensation of $609,613” under its 2023 STI plan, according to the filing. In a separate filing Tuesday, Macy's also announced sweeping leadership changes , appointing Thomas Edwards, presently the CFO and chief operating officer for luxury group Capri Holdings, as its next CFO and COO, CFO Dive previously rep
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News
- Can Macy's Rally of Over 50% in 2025 Still Be Justified by Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Can Macy's Save the American Department Store? [Yahoo! Finance]Yahoo! Finance
- Oakland Mall reinvests empty space to bring entertainment, support organizations [CBS News]CBS News
- Macy's (NYSE:M) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=M&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from a "buyMarketBeat
- Macy's (NYSE:M) was given a new $27.00 price target on by analysts at Jefferies Financial Group Inc..MarketBeat
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 12/12/25 - Form 8-K
- 12/11/25 - Form 4
- 12/10/25 - Form 10-Q
- M's page on the SEC website